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Listed by Katerina Vielehrof @properties Christie's International Real Estate
$ 1,100,000
Est. payment | /mo
3,376 SqFt
$ 1,100,000
Est. payment | /mo
3,376 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,376 sqft
Price per Sqft $325
MLS Listing ID 12455728
Year Built 1888
Annual Tax Amount $15,628
Tax Year 2023
Lot Size 303.000 Acres
Lot Dimensions 100x132
Property Sub-Type Multi Family 5+
Property Description
Fully Renovated Historic Multi-Unit Gem in Riverside. Welcome to 78 Pine Avenue, a stunning Victorian landmark reimagined as a modern 5-unit income-generating property in the heart of historic Riverside. Originally built in 1888, this architectural treasure has undergone a complete gut rehab-blending timeless charm with contemporary luxury and efficiency. 5 Fully Occupied Units - Turnkey investment with strong rental income New Electrical & Plumbing Systems - Fully updated to meet modern codes Central Air Conditioning - Comfortably climate-controlled throughout New Energy-Efficient Windows - Flood each unit with natural light Modern Kitchens & Baths - Sleek finishes, stainless steel appliances, quartz countertops, and designer tilework Refinished Hardwood Floors & High Ceilings - Preserving historic character while enhancing livability 2-Car Garage + Additional Parking - Rare find in Riverside Investment Opportunity! This property is a cash-flowing asset with all five units fully leased, offering immediate returns. With updated mechanicals and low maintenance needs, it's ideal for both seasoned investors and owner-occupants seeking passive income. Situated on a tree-lined street just blocks from the Riverside Metra Station, residents enjoy easy access to downtown Chicago while living in one of the region's most picturesque and walkable communities. Nearby parks, top-rated schools, and charming local shops make this a highly desirable rental location. Historic Charm Meets Modern Living, as a designated historic landmark, the property retains its original architectural beauty while offering all the comforts of a new build. The rehab was completed with care and compliance, ensuring long-term value and preservation. Whether you're looking to expand your portfolio or live in one unit while renting the others, 78 Pine Ave offers the perfect blend of historic elegance, modern upgrades, and financial performance. Price at $1.1M. Landmark Status: Designated historic landmark; exterior changes require approval from the Riverside Preservation Commitee 2 Zoning: R-3 (multi-family residential.) While the property has undergone a comprehensive renovation by the seller, it is being offered for sale AS-IS. Schedule your private tour today and discover the potential of this Riverside masterpiece.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Stone
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States