Courtesy: Compass
773-482-1917
Rare value-add multifamily opportunity in North Riverside featuring five two-bedroom, one-bath units, each with two dedicated parking spaces. The property has been owned and occupied by long-term tenants, providing an investor with immediate in-place income and a clear opportunity to create additional value through renovation, deferred maintenance improvements, and active asset management. Current rents range from $900 to $1,100 per month, with market rents estimated at approximately $1,600 per month following renovation. Each unit presents an opportunity for modernization and repositioning, allowing a new owner to improve the asset, capture rental upside, increase operating income, and enhance long-term value. With ten on-site parking spaces and a straightforward five-unit configuration, this property offers an attractive opportunity for investors seeking a manageable multifamily investment with meaningful upside potential through targeted improvements and lease repositioning.
Courtesy: Skydan Real Estate Sales, LLC
708-450-0110
Great corner property located on busy Cermak Rd. Very clean! Lounge style space ideal for any business! Electric ran in every area! Fully equipped kitchen and plenty of storage. Walk in cooler. New roof, new plumbing & recently tuckpointed! Nice 2 bedroom apartment currently rented for $1,300 a month. Potential to make 2 apartments! Nice private parking lot! Beautiful property! Too much to mention! Call for private showing!
Courtesy: Keller Williams Preferred Realty
708-798-1111
This property offers excellent visibility and high traffic exposure from Cermak Road. The interior features a spacious reception area, two private offices (each with a closet), a kitchenette, and a full bathroom. Additional highlights include alley access and two dedicated parking spaces. Located in the B-1 zoning district, residential uses-such as apartments-are not permitted under current zoning regulations. Therefore, the existing apartment setup at the rear of the building will need to be deconverted. Bring your vision-this versatile space is ideal for resale shops, professional offices, and many other commercial uses.
North Riverside is located in Illinois. North Riverside, Illinois has a population of 7,382. North Riverside is less family-centric than the surrounding county with 28.66% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in North Riverside, Illinois is $59,882. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in North Riverside is 40.3 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 38.9 inches per year, with 34.4 inches of snow per year.
