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$1,099,999
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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.
Full Property Details
Full Property Details for 78 Pine Ave
General
- Price: $1,099,999
- Taxes: $15,628 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12484058
- Updated: 10/6/2025
- Added to Site: 110 day(s) ago
Location
- Area: Riverside
- County: Cook
- Driving Directions: Forest Ave, South on West Avenue, East on Pine.
Heating & Cooling
- Heating Type: Gas
Utilities
- Trash: 1428
Structural Information
- Foundation: Stone
- Stories/Levels: 3
- Square Feet: 3,376
- Year Built: 1888
- Built Before 1978: Yes
Unit Information
- # Dryers: 1
Lot Features
- Lot Size (Acres): 303
- Lot Dimensions: 100 x 132
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $4,080
- Operating Expenses: $26,594
- Assessment Year: 1888
- Tax Amount: $15,628
- Tax Year: 2023
- Tenant Pays: Electricity
- Pays Electric: 503
- Pays Trash: 1428
Disclosures and Reports
- Property ID: 15354050270000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 78 Pine Ave
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Riverside, IL 61 Woodside Road, Riverside, IL 60546 | PK-5 | 0.2 mi |
L J Hauser Jr High School 65 Woodside Road, Riverside, IL 60546 | 6-8 | 0.2 mi |
Riverside Brookfield Twp High School 160 Ridgewood Road, Riverside, IL 60546 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 78 Pine Ave
Date
Details
Price
Change
Source
9/30/2025
Listed
$1,099,999
397.74%
MLS
6/04/2021
Sold
$221,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 78 Pine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,676
27%
$49,000
51%
2022
$12,389
28%
$32,344
—
2021
$9,698
2%
$32,344
—
2020
$9,526
-22%
$32,344
-21%
2019
$12,262
3%
$41,013
—
2018
$11,899
24%
$41,013
—
2017
$9,560
-17%
$41,013
11%
2016
$11,518
3%
$36,987
—
2015
$11,180
1%
$36,987
—
2014
$11,020
-13%
$36,987
-18%
2013
$12,633
1%
$45,001
—
2012
$12,507
—
$45,001
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 78 Pine Ave
78 Pine Avenue, Riverside, IL 60546 (MLS# 12484058) is a Commercial property. 78 Pine Avenue is currently listed for $1,099,999 and was received on September 30, 2025. Want to learn more about 78 Pine Avenue? Do you have questions about finding other Commercial real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

