78 Pine Avenue, Riverside, IL 60546 - Photo 1

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$1,049,000 Just Listed

For Sale
Active
Commercial
3,804 Sq. Ft.
Updated 3 days ago

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Property Description

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.

Full Property Details

Full Property Details for 78 Pine Ave

General

Price: $1,049,000
Taxes: $19,056 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12562704
Updated: 2/6/2026
Added to Site: 5 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: 1463

Structural Information

Foundation: Stone
Stories/Levels: 3
Square Feet: 3,804
Year Built: 1888
Built Before 1978: Yes

Unit Information

# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 13,200
Lot Dimensions: 100 x 132
Zoning: MULTI

Financial Considerations

Insurance Fee: $4,089
Operating Expenses: $30,705
Assessment Year: 1888
Tax Amount: $19,056.8
Tax Year: 2024
Tenant Pays: Electricity, All Utilities
Pays Electric: 437
Pays Trash: 1463

Disclosures and Reports

Property ID: 15354050270000

Listed by Concentric Realty Inc.

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— 78 Pine Ave —

Concentric Realty Inc.

(312) 860-2467

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Schools

Schools serving 78 Pine Ave

School Districts:Riverside School District 96, Riverside Brookfield Township School District 208

Name	Grades	Distance
Central Elementary School, Riverside, IL 61 Woodside Road, Riverside, IL 60546	PK-5	0.2 mi
Hollywood Elementary School 3423 Hollywood Avenue, Brookfield, IL 60513	PK-5	0.6 mi
A F Ames Elementary School 86 Southcote Road, Riverside, IL 60546	PK-5	0.9 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
Blythe Park Elementary School 735 Leesley Road, Riverside, IL 60546	PK-5	1 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 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/05/2026

Listed

$1,049,000

374.66%

MLS

6/04/2021

Sold

$221,000

—

Public Record

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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

$32,344

—

2020

$9,526

-22%

$32,344

-21%

2019

$12,262

$41,013

—

2018

$11,899

24%

$41,013

—

2017

$9,560

-17%

$41,013

11%

2016

$11,518

$36,987

—

2015

$11,180

$36,987

—

2014

$11,020

-13%

$36,987

-18%

2013

$12,633

$45,001

—

2012

$12,507

—

$45,001

—

View All

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# 12562704) is a Commercial property. 78 Pine Avenue is currently listed for $1,049,000 and was received on February 05, 2026. 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.

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78 Pine Ave Riverside, IL 60546