Stunning Victorian landmark gut-rehabbed into a modern 5-unit income-producing property in the heart of historic Riverside, walking distance to downtown and the Metra station. Turnkey investment with five fully occupied units generating immediate cash flow. Fully updated electrical and plumbing systems to current code, central air in each unit, and new energy-efficient windows throughout. Interiors feature modern kitchens and baths with stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and high ceilings. Amenities include a 2-car garage plus multiple rear parking spaces, dedicated parking and large storage room for each unit, and on-site commercial laundry in the basement. Rare high cap rate in a prime location. Landmark property - exterior changes subject to Riverside Preservation Committee approval. Zoning: R-3 Multi-Family Residential. Property sold AS-IS. Seller is a licensed real estate agent.
Listed By
Agency Name: Concentric Realty Inc.
Agency Phone: 630-216-9689
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimated Payment
$ 4,228.58 per month $2,334.62 Principal & Interest $1,588.00 Property Tax $305.96 Homeowner's Insurance
78 Pine Avenue | MLS# 12562704
This multi-family property located at 78 Pine Avenue, Riverside, IL 60546 is currently listed for sale with an asking price of $1,049,000. Search Riverside real estate on www.bhhscrosby.com today.