Sold
Last Sold Price
48 beds
8001 Edgewater Rd,Ā Riverside, ILĀ 60546
Multi FamilyProperty Type
0.45 acresLot Size
1926Year Built

Description

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...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.
Listing closed: 12/12/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12463102

Recent comparable sales

Median sold price

$670,000

Avg days on market

16

Sale-to-list ratio

102.3%

Riverside, IL

9 comparable properties found

$1,102,000 | 78 Pine Avenue, Riverside, IL 60546
1/14
1

$1,102,000

Sold 05/27/26

9
Bedrooms
Unavailable
Square Feet
0.30
Acres
2

$1,680,000

Sold 04/11/25

6
Bedrooms
4.5
Bathrooms
4,024
Square Feet
0.46
Acres
a front view of a house with a garden and yard
1/27
3

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Sold 07/11/25

3
Bedrooms
1,193
Square Feet
0.21
Acres
a front view of a house with a yard
1/45
4

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Sold 05/02/25

3
Bedrooms
2,367
Square Feet
0.24
Acres
a front view of a house with garden
1/26
5

$406,000

Sold 12/20/24

2
Bedrooms
1,370
Square Feet
Unavailable
Acres
$319,000 | 395 North Delaplaine Road, Unit 1W, Riverside, IL 60546
1/35
6

$319,000

Sold 02/17/26

2
Bedrooms
1,100
Square Feet
Unavailable
Acres
a front view of a house with garden
1/33
7

$656,000

Sold 06/01/26

3
Bedrooms
2,012
Square Feet
0.23
Acres
a front view of a house with a yard
1/35
8

$670,000

Sold 06/27/25

4
Bedrooms
1,916
Square Feet
Unavailable
Acres
$930,000 | 305 Maplewood Road, Riverside, IL 60546
1/28
9

$930,000

Sold 06/01/26

4
Bedrooms
2,600
Square Feet
0.22
Acres

Location

Listing Courtesy of: .

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Property Taxes

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Property Information for 8001 Edgewater Road

Property Details
  • Taxes: $11,453 / year
  • MLS Type: Multi Family 5+ / Multi Family 5+-Courtyard
  • County: Cook County
  • Area: Riverside
  • Zoning: MULTI
Building Information
  • Stories: 3
  • Residences: 36
  • Year Built: 1926
  • Lot Size: 0.45 AC / 19,698 SF
General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Radiators
  • Num of Baths: 36.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 134X147
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 3
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 36
Income & Expenses
  • Electric Expense: $111,111.00
  • Fuel Expense: $111,111.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $111,111.00
  • Maintenance Expense: $.00
  • Janitor Expense: 111111
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $1,111,111.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $11,111.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 18
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 12
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 6
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8001 Edgewater Road

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Sold (Public Record)

Public Record #1926086347

$3,120,000

+0.2% / yr

Dec 12, 2025

Sold

MRED #12463102

$3,120,000—
Nov 14, 2025

Temporarily Off Market

MRED #12514142

—
DateEvent & SourcePrice
12/12/2025

Sold (Public Record)

Public Record #1926086347

$3,120,000

+0.2% / yr

12/12/2025

Sold

MRED #12463102

$3,120,000
11/14/2025

Temporarily Off Market

MRED #12514142

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8001 Edgewater Road

Taxable ValueLand$19,765Additions$550,616Total$570,381
Tax Record2024$21,602 ($1,800 / month)
Home Facts
Total Finished SqFt33,510 SqFtAbove Grade Finished SqFt33,510 SqFtLot Size19,765 SqFtStyleMiscellaneous CommercialYear Built1927Year Renovated1927CountyCOOKAPN15-26-419-005-0000

Schools near 8001 Edgewater Road

This home is within Riverside-Brookfield Twp School District 208.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - 3 to 11
Rating
School
Distance
A F Ames Elementary School
PublicPK to 5

L J Hauser Jr High School
Public6 to 8

Riverside Brookfield Twp High School
Public9 to 12

Tailgrass Sudbury School
Private3 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORSĀ® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORSĀ® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/12/2025 01:51 PM. 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.