4747 Peterson AveChicago, IL 60646

Property Details for 4747 Peterson Ave

Year built

1971

Lot size

0.62 AC

Property size (Sq ft)

36,400 SF

Property type

Office buildings

APN

13-03-300-023

APU

1303300023

Description

Edens View, a four-story, 50,000 square foot Class B office building, offers a diverse range of spaces ideal for executive, traditional, medical, or creative office uses. Located at 4747 W Peterson Ave, Chicago, IL 60646, this property boasts a prime location at the southeast corner of Peterson Avenue and Cicero Avenue in the Sauganash neighborhood. Built in 1988 and extensively renovated in 2023, the building features multiple tenancies, with 11 spaces currently available, ranging from 293 to 2,618 square feet. Amenities include elevators and ample parking, complemented by convenient access to public transportation (CTA bus routes #54-A & #84) and the Edens Expressway (I-94). The building sits on one acre of land and is zoned for commercial use. Its strategic location overlooks Whole Foods and offers proximity to various restaurants, including chai's Asian Bistro, Himshikar, and Eden's the Original, as well as the Village Crossing Shopping Center. The surrounding Sauganash neighborhood is a residential area known for its large homes, parks, and forest preserves. Cook County zoning ensures a versatile and commercially viable location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,957,001

  6.5%

  $10,114,155

  7%

  $9,391,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,741,100

  Geo Method

  $4,741,100

• Alternative Use

  Use

  Valuation

  Residential

  $12,541,552

  Hospitality

  $11,487,994

  Educational

  $9,557,877

  Medical

  $9,886,587

  Retail

  $14,867,808

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9896

Longitude

-87.7477

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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