ON MARKET
2622 W. Peterson Ave. Chicago, IL 60659
PRICE
$675,000
SQUARE FEET
0
PROPERTY LISTED

Essex Realty Group, Inc has been engaged to exclusively market for sale 2622 W. Peterson Ave. in Chicago, Illinois. The subject property is a nine (9) unit office building at the intersection of Peterson and Talman in the West Rogers Park neighborhood of Chicago.

Most of the tenants have been long-term, and this is a great passive investment. There is also an option to relocate a tenant should a owner/user be interested in purchasing the property. Additionally, there are three parking spaces located at the rear. This is a rare opportunity for an investor or owner user to purchase a beautiful office building with close proximity to both Lake Shore Drive and I-94.

LOCATION DETAILS

West Rogers Park is bounded by Evanston/Lincolnwood on the north, Bryn Mawr to the south, Kedzie Avenue on the west, and Ridge Boulevard to the east. This pocket is well known for its low-housing density and diverse culture.

The subject property is located in West Rogers Park, boasting a population of just over 60,000 people. The neighborhood is home to over 130 restaurants and just as many diverse retail offerings along its central corridors and quaint, tree-lined streets. In the last few years, the community has seen significant appreciation in multi-family properties sparked by a rising population of young business professionals and families moving to the area to take advantage of the neighborhood’s rich culture, intimate setting, and attractive housing.

Also of great impact to the Rogers Park neighborhood is the explosive growth in enrollment at Loyola University. The University’s Lake Shore Campus is home to over 16,000 students and 1,000 faculty members. Recently crowned the largest Jesuit university in the United States, Loyola University is consistently named a ‘best value’ school by U.S. News & World Report. Eighteen of Loyola University’s nineteen residence hall buildings are located in the Edgewater and Rogers Park neighborhoods, prompting established retailers and eateries to open convenient locations along the campus’ perimeter.

HIGHLIGHTS
  • Phenomenal Corner Lot
  • Long Term Tenants on MTM leases
  • Opportunity for Owner User
  • Rents are Significantly Below Market
  • Parking Located Behind the Building
  • Close Proximity to Lake Shore Drive & I-94
LISTING BROKERS
Steven Livaditis
Principal
773.305.4840
Joe Scheck, CFA
Director
773.305.4842