ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
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$3,500,000
8 Days On Site
8001 Edgewater RoadRiverside, IL 60546
For Sale|Multi Family|Active
0
Beds
0
Total Baths
1926
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate
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Investment Opportunity!!! Discover the untapped potential of this rare 36+unit, mixed-use gem in the heart of historic Riverside. Located just minutes from the Riverside Metra Station, this property offers unmatched convenience for commuters heading into downtown Chicago. This gut-rehab project is ready for transformation-bring your vision and creativity to breathe new life into this building. The structure features a versatile mix of 10-foot ceiling, Spacious 2-bedroom, 1-bath units. Comfortable 1-bedroom, 1-bath units. Efficient studio apartments, Retail storefronts ideal for neighborhood-serving businesses. With a full overhaul needed, this is a blank canvas is ideal for developers and investors looking to capitalize on the soaring demand for housing in the Chicagoland area. Property is currently uninhabitable and requires a full gut rehab, including updates to electrical and plumbing systems to meet current code. Ideal property if you looking to capitalize on the strong rental demand and limited housing inventory in the area. Whether you're looking to create modern rentals, stylish condos, or a vibrant live/work community, the income potential is limitless in today's tight housing market. Prime location near transit, shops, and schools. Strong rental demand in a high-growth area. Mixed-use zoning with residential and commercial upside. Historic charm with modern redevelopment potential. Don't miss this chance to turn a diamond in the rough into a cornerstone of Riverside's future.
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Listing Snapshot
Price
$3,500,000
Days On Site
8 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1926
MLS® Number
12378389
Status
Active
Property Tax
$11,453
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 days ago | Listing updated with changes from the MLS® | |
| 3 days ago | Status changed to Active | |
| a week ago | Listing first seen on site |
General Features
Number Of Stories
3
Property Sub Type
Multi Family
Zoning
MULTI
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Community Features
MLS Area
Riverside
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate
Based on information submitted to the MLS GRID as of 2025-06-07 04:19 AM UTC. 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.
Last checked: 2025-06-07 04:19 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.
Based on information submitted to the MLS GRID as of 2025-06-07 04:19 AM UTC. 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.
Last checked: 2025-06-07 04:19 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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