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$3,120,000

8001 Edgewater Road
Riverside, Illinois 60546

Closed / MLS #12463102 / Multiple Family / Riverside
Listing information updated 4/29/2026 at 9:16am
Investment Opportunity: Transform a Historic Gem in Riverside Unlock the untapped potential of this rare 36+ unit mixed-use property located in the heart of historic Riverside, just minutes from the Riverside Metra Station-offering unmatched convenience for commuters to downtown Chicago. This full GUT REHAB project is a blank canvas, ready for transformation. Bring your vision and creativity to breathe new life into a building with immense upside. Full System Overhaul Needed: Complete replacement of plumbing and electrical systems is required to meet 2021 building code standards. Expansion Potential: Opportunity to enlarge existing units, significantly increasing value and rental income. Diverse Unit Mix: Spacious 2-bedroom, 1-bath units with 10-foot ceilings Comfortable 1-bedroom, 1-bath units Efficient studio apartments Retail storefronts ideal for neighborhood-serving businesses Strategic Location & Zoning: Prime location near transit, shops, and schools Mixed-use zoning with residential and commercial upside Strong rental demand in a high-growth area Historic charm with modern redevelopment potential. This property is currently uninhabitable and requires a full-scale renovation. Due to the size and complexity of the project-and the involvement of the Village of North Riverside-it demands a well-capitalized, experienced developer with a strong background in finance and large-scale construction. Whether your vision includes modern rentals, stylish condos, or a vibrant live/work community, the income potential is limitless in today's tight housing market. Potential Revenue (Post-Renovation. 2BR Units (avg. rent: $2000-$2400/month) 1BR Units (avg. rent: $1,600-$1800/month) Cap Rate & Valuation Potential: Strong upside with potential condo conversion or phased lease-up strategy Studios (avg. rent: $1,100/month) According to the plans-excluding the ground floor and commercial spaces-the building includes 18 two-bedroom, one-bath units; 12 one-bedroom, one-bath units; and 6 studio apartments.
Water Front:
No
Square Feet:
N/A
Built:
1926
Stories:
3
Zoning:
MULTI
Unit 1:
2 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
2 room(s) / 1 bed(s) / 1 bath(s)
Unit 3:
1 room(s) / 0 bed(s) / 1 bath(s)
Tax Amount:
$11,453
Tax Year:
2023
Zip Code:
60546
City:
Riverside
County:
Cook

Listing Office: @PROPERTIES

Listing Office Phone: 708.848.0200

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/29/2026 at 9:16am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Riverside, IL

Riverside is considered to be the first planned community in the United States. Incorporated in 1875, the historically recognized village is noted for its expansive parkways, charming town center, and early 20th century architecture. The Riverside Landscape Architecture District was designated a Nat...

Metra

Metra
BNSF Railway line at Riverside Metra
$609,155
Average Sale Price
31
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8001 Edgewater Road, Riverside, IL 60546
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8001 Edgewater Road, Riverside, IL 60546 is a multiple family which sold for $3,120,000. This multiple family has been listed on @properties Christie's International Real Estate since September 4th, 2025 and was built in 1926. The nearest transit stops include Riverside Metra Metra BNSF Railway line.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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