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$3,500,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12378389
Year Built 1926
Annual Tax Amount $11,453
Tax Year 2023
Lot Dimensions 134X147
Property Sub-Type Multi Family 5+
Property Description
Investment Opportunity!!! Discover the untapped potential of this rare 36+unit, mixed-use gem in the heart of historic Riverside. Located just minutes from the Riverside Metra Station, this property offers unmatched convenience for commuters heading into downtown Chicago. This gut-rehab project is ready for transformation-bring your vision and creativity to breathe new life into this building. The structure features a versatile mix of 10-foot ceiling, Spacious 2-bedroom, 1-bath units. Comfortable 1-bedroom, 1-bath units. Efficient studio apartments, Retail storefronts ideal for neighborhood-serving businesses. With a full overhaul needed, this is a blank canvas is ideal for developers and investors looking to capitalize on the soaring demand for housing in the Chicagoland area. Property is currently uninhabitable and requires a full gut rehab, including updates to electrical and plumbing systems to meet current code. Ideal property if you looking to capitalize on the strong rental demand and limited housing inventory in the area. Whether you're looking to create modern rentals, stylish condos, or a vibrant live/work community, the income potential is limitless in today's tight housing market. Prime location near transit, shops, and schools. Strong rental demand in a high-growth area. Mixed-use zoning with residential and commercial upside. Historic charm with modern redevelopment potential. Don't miss this chance to turn a diamond in the rough into a cornerstone of Riverside's future.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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Listed by Katerina Vielehr • @properties Christie's International Real Estate
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com