78 Pine Ave Riverside, IL 60546
Estimated payment $6,986/month
Highlights
- Courtyard
- 4-minute walk to Riverside Station
- 4-minute walk to Guthrie Park
- Central Elementary School Rated A
About This Home
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.
Listing Agent
Concentric Realty Inc. Brokerage Phone: (312) 860-2467 License #475157122 Listed on: 02/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,057
Year Built
- Built in 1888
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x132
Home Design
- Stone Foundation
Interior Spaces
- 3,804 Sq Ft Home
- 3-Story Property
Additional Features
- Courtyard
- Heating System Uses Gas
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $437
- Fuel Expense $536
- Insurance Expense $4,089
- Trash Expense $1,463
- Water Sewer Expense $5,122
- Operating Expense $30,705
- Gross Income $109,200
- Net Operating Income $78,475
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,676 | $57,200 | $13,530 | $43,670 |
| 2024 | $15,676 | $57,200 | $13,530 | $43,670 |
| 2023 | $12,389 | $49,000 | $13,530 | $35,470 |
| 2022 | $12,389 | $32,344 | $11,880 | $20,464 |
| 2021 | $9,698 | $32,344 | $11,880 | $20,464 |
| 2020 | $9,526 | $32,344 | $11,880 | $20,464 |
| 2019 | $12,262 | $41,013 | $10,890 | $30,123 |
| 2018 | $11,899 | $41,013 | $10,890 | $30,123 |
| 2017 | $9,560 | $41,013 | $10,890 | $30,123 |
| 2016 | $11,518 | $36,987 | $9,570 | $27,417 |
| 2015 | $11,180 | $36,987 | $9,570 | $27,417 |
| 2014 | $11,020 | $36,987 | $9,570 | $27,417 |
| 2013 | $12,633 | $45,001 | $9,570 | $35,431 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/05/2026 02/05/26 | For Sale | $1,049,000 | +374.7% | $276 / Sq Ft | |
| 06/15/2021 06/15/21 | Sold | $221,000 | +0.9% | $65 / Sq Ft | View Prior Sale |
| 06/01/2021 06/01/21 | Pending | -- | -- | -- | |
| 05/28/2021 05/28/21 | For Sale | $219,000 | -- | $65 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12562704
APN: 15-35-405-027
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