2649 W Peterson Avenue Chicago, IL ^$ 525,000

2649 W Peterson Avenue

^$ 525,000

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2649 W Peterson Avenue

Chicago, IL, 60659

^$ 525,000

Bedrooms-- Baths-- Sq 2,250

Monthly Estimate*

^$ 3,275

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Commercial Property for sale in Chicago, IL

for $525,000. This 2,250 square foot building was built on a lot size of 0.07174.

Freestanding, one-story storefront on high-traffic Peterson Ave in West Ridge. Fully built-out restaurant with full kitchen. Includes real estate and restaurant equipment. Former business is not operational. Equipment includes: 12' hood, walk-in cooler & freezer, multiple refrigerators/freezers, dishwasher, refrigerated prep station, 4 new double-deck convection ovens w/ steam injection, 3 new double basket floor fryers, 2 new 40qt floor mixers, 8-burner range w/ oven, new 75-gal hot water tank (2022), water filtration system, and new security shutters. Tables, chairs & misc. equipment included. Prime location in busy commercial corridor-perfect opportunity for restaurateurs or investors.

Commercial Active

Price

^$ 525,000

Property Type

Commercial

Taxes

^$ 9,594

Style

Bar/Tavern/Lounge,Food & Beverage,Restaurant,Retai

Lot Size

0.07174

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12332856

Features

General

Cooling Central Air

Possession Closing

Roof Membrane

Construction Materials Brick

Stories Count 1

Tax Year 2023

Current Use Commercial

Business Type Bar/Tavern/Lounge Food & Beverage Restaurant Retail

County Cook

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Status Active

Directions Peterson West or East to property at 2651 W. Peterson

City Chicago

MLS Area CHI - West Ridge

Lot Size Square Feet 3125

Tax Annual Amount 9594.34

Additional Parcels Y/N N

Standard Status Active

Exterior

Building Area Total 2250

Lot Dimensions 25X125

Frontage Type City Street

Waterfront Y/N N

* Excluded Features

List By

@Properties Christie's International Real Estate

Broker

jsydney@atproperties.com

Affordability Calculator

$4,075

Per Month

Monthly Principal & Interest: $3,275
Monthly Property Taxes: $800
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$987,651

Percent of Sale Price 88%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/16/2025	$525,000		Listed Price

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2649 W Peterson Avenue, Chicago, IL, 60659 is a Commercial Property for sale at $525,000 with 2,250 sqft and a lot size of 0.07174. The property's zip code is 60659 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/7/2025.

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2649 W Peterson Avenue

Commercial Property for sale in Chicago, IL

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