This prime hard corner property presents a rare opportunity for developers and investors alike. The offering includes a two-story, 15,000 square foot office building on a generous 15,769 square foot lot (0.36 acres) at the intersection of Peterson and a neighboring street, as well as the adjacent 50 x 100 foot property at 3540 W. Peterson. Combined, these two properties form an expansive 207.6 x 100 foot lot, ideal for a significant new development. Currently owned by a non-profit entity with plans to redevelop, the existing office building is occupied by multiple tenants but requires extensive work. The B2-1 zoning, designated as Neighborhood Mixed-Use District, allows for retail storefronts and apartments on the ground floor, encouraging development in commercial corridors with low demand for retail. The FAR (Floor Area Ratio) of 1.2 further supports mixed-use redevelopment potential. This offering is perfect for those looking to create a large-scale project in a desirable area. The seller is seeking a buyer for both buildings together, providing a substantial footprint for a transformative new development. Don't miss this unique opportunity to shape the future of this key location.
FOR INVESTORS ONLY. THERE IS A TENANT PAYING $1,700/MONTH. Welcome to the pinnacle of urban living in Peterson Park, where this exceptional 2BR/2BA condo beckons you to experience unparalleled comfort and style. The residence boasts a rare in-unit washer/dryer and the added convenience of an included parking space-a testament to the thoughtful design catering to modern living. Immerse yourself in the elegance of hardwood floors that lead you to an expansive balcony, perfect for entertaining under the city lights. As you step into the living room, a cozy fireplace awaits, creating an inviting atmosphere for relaxation and gatherings. The primary en suite, featuring double vanities, offers a private sanctuary for pampering and rejuvenation. Nestled in the heart of Peterson Park, this condo is not just a dwelling; it's a lifestyle-a harmonious blend of proximity to vibrant shops, delectable eateries, and excellent transportation options, along with the academic richness of nearby universities and schools. Discover the extraordinary in this tremendous location and make this condo your sanctuary in the heart of the city. Come on by, and let the allure of Peterson Park captivate you!
Garden unit, 2-bedrooms, 2-baths. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit # 2A to make available units for sale 6-total units in the building). Good size units in need of cosmetic work, with month-month lease of $800 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Units are steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. Short distance to Lake Shore Dr. major roads, and interstates.
Third floor unit, 2-bedrooms, 1-bath. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit # 2A to make available units for sale 6-total units in the building). Good size units in need of cosmetic work, with month-month lease of $800 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Units are steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. short distance to Lake Shore Dr. major roads, and interstates.
2nd floor unit, 1-bedroom, 1-bath. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit # 2A to make available units for sale 6-total units in the building). Good size units in need of cosmetic work, with month-month lease of $850 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Units are steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. Short distance to Lake Shore Dr. major roads, and interstates.
2-bedrooms, 1-bath. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit (unit 2 A to make available units for sale be 6 total units in the building). Good size units in need of cosmetic work, with month-month lease of $1,350 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Units are steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. Minutes to Lake Shore Dr. major roads, and interstates.
RAISED first floor unit, 1-bedroom, 1-bath. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit # 2A to make available units for sale 6-total units in the building). Good size units in need of cosmetic work, with month-month lease of $850 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Location is with steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. Short distance to Lake Shore Dr. major roads, and interstates.
Third floor unit, 1-bedroom, 1-bath. Total building units are 11-units with 5 of them owned by 1-indivdual (all 5 units for sale plus another unit # 2A to make available units for sale 6-total units in the building). Good size units in need of cosmetic work, with month-month lease of $940 per month. (low rent). All units with individual utilities, separate pin numbers, and separate monthly association fees. Breakdown; 3 units=1-bedroom, 1-bath. 1-unit=2-bedrooms 2-baths. and 2-units=2-bedrooms 1-bath. All are with low rent $$ for many years. Click on addition information to see details. Units are steps to A. Public transportation on Devon Ave. and Western Ave. and B. Devon Ave./Western Ave. business and shops corridor. C. short distance to Lake Shore Dr. major roads, and interstates.
Ideal Redevelopment Opportunity! Excellent property for Mixed-Use, Retail, Residential, Educational/Religious uses. Conveniently located near busy Western and Peterson Ave. with 170 frontage on Peterson. Large corner site with 1.44 acres, 65,744 SF land area including parking lot for 60 vehicles. 31,655 SF masonry-constructed, 3-story building currently offers a sanctuary with 30-foot vaulted ceiling and seating for 270; gym with 20-foot ceiling; multiple classrooms, offices, bathrooms. Lower level has large meeting hall and kitchen. Zoning is RT-4 and B3-2, multiple PINs. Great location in mixed-use neighborhood, directly across from city park. Tremendous potential for the right buyer.
The median home value in Chicago, IL is $284,100. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Chicago, IL is $284,100. Approximately 40.54% of Chicago homes are owned, compared to 48.29% rented, while 11.17% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60659 has a population of 2,742,119. Chicago 60659 is less family-centric than the surrounding county with 24.86% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Chicago, Illinois 60659 is $65,781. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Chicago 60659 is 35.1 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 38.2 inches per year, with 35.1 inches of snow per year.