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3550 W Peterson Avenue, Chicago, IL 60659
$1,399,770
3550 W Peterson Avenue, Chicago, IL 60659View this property at 3550 W Peterson Avenue, Chicago, IL 60659
3550 W Peterson AvenueChicagoIL60659
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Property Description
2 story, 15,000 square foot office building situated on a 15,769 Square Foot = 0.36 AC = 157.6 X 100 lot. Building was purchased by a non-profit entity to tear down and build a new building. Ownership also owns the adjacent building just East of subject property at 3540 W. Peterson that's 50 X 100. These two properties can be combined for a large new development on a 207.6 X 100 foot lot. The existing building is rented to a dozen tenants but needs quite a bit of work. B2-1 Zoning: Neighborhood Mixed-Use District Retail storefronts, apartments allowed on the ground floor. Intended to spur development in commercial corridors with low demand for retail. FAR 1.2. Seller will only sell both buildings together.
Full Property Details
Full Property Details for 3550 W Peterson Ave
General
- Price: $1,399,770
- Taxes: $49,922 (2022)
- Status: Active
- Type: Office
- MLS ID: 11976446
- Updated: 2/19/2024
- Added to Site: 84 day(s) ago
Interior
- Interior Features: Multi-Tenant, Public Restroom(s)
- Flooring: Carpet
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: CHI - North Park
- County: Cook
- Township: Jefferson
- Driving Directions: Kimball to Peterson. Peterson to property. At the corner of Central Park
- Location Details: Chicago North, Corner, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Electricity to Site, Gas to Site, Municipal Water, Water to Site
Structural Information
- Construction: Brick
- Exterior Const.: Brick, Glass, Sheltered Porch
- Foundation: Concrete Perimeter
- Sub-Flooring: Carpet
- Stories/Levels: 2
- Square Feet: 15,000
- Current Bldg. Use: Commercial
- Year Built: 1971
- Built Before 1978: Yes
Unit Information
- # Tenants: 12
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,769
- Lot Dimensions: 158 x 100
- Frontage: City Street
- Drainage: None
- Potential Use: Condominium, Development, Multi-Family
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $13,976
- Assessment Year: 1971
- Tax Amount: $49,922
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 13022130500000
Listed by Crown Heights Realty
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Schools
Schools serving 3550 W Peterson Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6206 N Hamlin Ave, Chicago, IL 60659 | PK-8 | 0.4 mi | |
5835 N Lincoln Ave, Chicago, IL 60659 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3550 W Peterson Ave
Date
Details
Price
Change
Source
2/07/2024
Listed
$1,399,770
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 3550 W Peterson Ave
3550 W Peterson Avenue, Chicago, IL 60659 (MLS# 11976446) is a Office property. 3550 W Peterson Avenue is currently listed for $1,399,770 and was received on February 07, 2024. Want to learn more about 3550 W Peterson Avenue? Do you have questions about finding other Office real estate for sale in North Park? You can browse all North Park real estate or contact a Coldwell Banker agent to request more information.