Jan Jaeger
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Don't let the exterior fool you! This exceptional mixed-use property was extensively renovated and expanded with a brand-new second floor completed in 2022. The main level features six fully leased office suites, two bathrooms, a party room, and an attached 2.5-car garage, providing immediate income. The second floor offers two condo-quality residential units, including a spacious 3-bedroom, 2-bath unit with an open-concept floor plan, quartz countertops, full-height backsplash, large island, luxurious primary suite with a walk-in shower and double vanity, generously sized bedrooms, and in-unit laundry. The second unit is a beautifully finished 1-bedroom, 1-bath with quartz countertops, in-unit laundry, and the potential to add a rooftop deck over the garage. Additional improvements include new steel front and rear staircases, new plumbing, new electrical, and numerous other updates. All renovations were fully permitted. The commercial spaces are fully leased, while the upper residential units are currently owner occupied, making this an outstanding opportunity for investors or owner-occupants seeking a turnkey, income-producing property. Financials are uploaded
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1971
General Information
County: Cook
Listed By:
Baird & Warner
773-250-0400
MRED MLS
MLS ID: 12717389
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2721 W Peterson Avenue, Chicago, IL 60659.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $999,500 | $999,500 | $999,500 |
| Down Payment | $199,900 | $34,983 | $249,875 |
| Monthly Mortgage Amount | $5,054 | $6,123 | $6,275 |
| Taxes | $1391 | $1391 | $1391 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $600 | $0 |
| Monthly Estimated Total | $6,737 | $8,406 | $7,958 |
Jan Jaeger
REALTOR®
Office: (319) 752-9933 ext. 106
Cell: (319) 759-8589
Licensed in IA
Burlington Office
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(319) 752-9933
Suite 105
West Burlington, IA 52655
(319) 752-9933
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