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81 Pine Ave 3,858 SF Health Care Building Offered at $625,000 in Riverside, IL 60546
Executive Summary
DESIRABLE RIVERSIDE LOCATION NEAR METRA
Ideally situated within walking distance of downtown Riverside and the Metra station, the Property offers residents convenient access to employment centers, schools, retail, and entertainment, including Riverside-Brookfield High School and the Brookfield Zoo
VALUE-ADD MULTIFAMILY
Owned by the same family for over 30 years, current rents are approximately 35% below market, providing new ownership a compelling opportunity to increase revenue by bringing rents to market and introducing paid parking for the three garage spaces
ATTRACTIVE UNIT MIXWITH GARAGE PARKING
Featuring large two- and three-bedroom units with a three-car garage, this property combines strong renter appeal with attractive investment fundamentals in downtown Riverside.
STRONG SURROUNDINGDEMOGRAPHICS
Within a one-mile radius, the area boasts an average household income of $117,137 and a median home value exceeding$404,000, with a total population of approximately 13,187residents
Ideally situated within walking distance of downtown Riverside and the Metra station, the Property offers residents convenient access to employment centers, schools, retail, and entertainment, including Riverside-Brookfield High School and the Brookfield Zoo
VALUE-ADD MULTIFAMILY
Owned by the same family for over 30 years, current rents are approximately 35% below market, providing new ownership a compelling opportunity to increase revenue by bringing rents to market and introducing paid parking for the three garage spaces
ATTRACTIVE UNIT MIXWITH GARAGE PARKING
Featuring large two- and three-bedroom units with a three-car garage, this property combines strong renter appeal with attractive investment fundamentals in downtown Riverside.
STRONG SURROUNDINGDEMOGRAPHICS
Within a one-mile radius, the area boasts an average household income of $117,137 and a median home value exceeding$404,000, with a total population of approximately 13,187residents
Property Facts
| Price | $625,000 | Building Size | 3,858 SF |
| Price Per Bed | $78,125 | No. Beds | 8 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Health Care | Year Built | 1970 |
| Lot Size | 0.16 AC | Parking Ratio | 2.33/1,000 SF |
| Price | $625,000 |
| Price Per Bed | $78,125 |
| Sale Type | Investment |
| Property Type | Health Care |
| Lot Size | 0.16 AC |
| Building Size | 3,858 SF |
| No. Beds | 8 |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.33/1,000 SF |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 2 |
| - | 3 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 15-35-406-013-0000 | Improvements Assessment | $44,791 |
| Land Assessment | $7,329 | Total Assessment | $52,120 |
Property Taxes
Parcel Number
15-35-406-013-0000
Land Assessment
$7,329
Improvements Assessment
$44,791
Total Assessment
$52,120
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81 Pine Ave
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