3360 West Peterson Avenue Avenue, Unit C1-4Chicago, IL 60659Price: $399,900

  • Price: $399,900
  • 76 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 28,000Square Feet
  • 2004Year Built

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OUTSTANDING OPPORTUNITY TO OWN 4 RETAIL COMMERCIAL UNITS IN THIS VERY VISIBLE CORNER LOCATION AT KIMBALL AND PETERSON. 7.5% CAP AT CURRENT MONTHLY RENTS COULD EASILY BE 9% CAP. THE 4 STORE FRONTS ARE BEING SOLD AS A PACKAGE. 2 OF THE UNITS HAVE COMBINED INTO 1 AND IS CURRENTLY RENTED TO A SALON. THE CORNER END UNIT HAS A CURVED ENTRANCE WITH LOTS OF LIGHT AND IS RENTED TO A RETAIL STORE. THE B UNIT HAS JUST BEEN VACATED AND MAKES FOR A NICE OFFICE SPACE WITH A LARGE OPEN AREA AND 1 PRIVATE OFFICE/CONVERENCE ROOM. EACH UNIT HAS ITS OWN HVAC, BATHROOM AND KITCHENETTE. TENANTS PAY ALL INDIVIDUAL UTILITES. LOTS OF OPTIONS WITH THIS SPACE. RENT ALL 3 AT A REASONABLE CAP RATE. KEEP 1 FOR AN OFFICE AND CONTINUE TO RENT THE OTHERS WITH ESTABLISHED TENANTS. COMBINE SOME OR ALL UNITS FOR A LARGER COMMERCIAL SPACE DOWN THE LINE. EASY MAINTENANCE BEING APART OF THE PETERSON PARK CONDO ASSOCIATION. ASKING PRICE, TAXES & ASSESSMENTS ARE FOR ALL 4 UNITS COMBINED. TOTAL ASSESSMENTS FOR ALL 4 UNITS IS $395 A MONTH. ASSESSMENTS INCLUDE INSURANCE, REFUSE, SNOW REMOVAL, WATER. EASY TO SHOW DURING STORE FRONT BUSINESS HOURS. VACANT OFFICE CAN BE SHOWN AT ANYTIME.

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Listed by Joseph Semany of Compass

Based on information submitted to MRED  as of January 29, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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