3230 Harlem Ave - Storefront Retail/Residential FOR SALE


Riverside, IL 60546
$1,100,000 USD
708-285-0495
3230 Harlem Ave, Riverside, IL for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 7.91% Cap Rate

3230 Harlem Ave
Riverside, IL 60546


HIGHLIGHTS

  • (1) 2-bed/1-bath, (1) 2-bed/1.5-bath, (2) 3-bed/1-bath & (5) ground floor retail
  • Walking distance to Harlem Ave & Berwyn Metra’s
  • 2025 reassessed: $94,800 (down from $166k) | Pro Forma Taxes: $31,584
  • Long-Term Owner
  • Sprinkler System, 6 parking spaces (tandem) & on-site laundry
  • Below Market Rents - Retail: $75-$1,100, Apartments: $150-$300+

OVERVIEW

VALUE-ADD MIXED-USE Two-story brick building with (9) units - (2) 2-bed, (2) 3-bedand (5) ground-floor retail spaces. Apartment rents are $150-$300 below market, and retail rents on average are $300below market, offering future ownership the opportunity to increase revenue HIGH VISIBILITY ALONG HARLEM AVENUE Situated on ±115 feet of frontage along one of the village’s main commercial corridors (28,654 VPD), the Property benefits from outstanding visibility and exposure to both foot and vehicle traffic. TRANSIT-ORIENTED LOCATION Within walking distance to Harlem Avenue and Berwyn Metra stations, as well as multiple Pace bus stops along Harlem Avenue, offering a commuter-friendly location ideal for both residential and retail tenants. DESIRABLE RIVERSIDE NEIGHBORHOOD An affluent and historic suburb, located 10 miles west of downtown Chicago, offers a rare blend of small town charm and convenient access to Chicago’s urban core

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

7.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,144 SF

ZONING

B1-TOD

APN/PARCEL ID

15-36-209-017-0000

ASK ABOUT THIS PROPERTY

Christopher MalayGreenstone PartnersMore Info
708-285-0495

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Christopher MalayGreenstone PartnersMore Info
708-285-0495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.