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3228 S Harlem Ave, Riverside, IL 3238 S Harlem Ave, Riverside, IL
3228-3238 South Harlem
Asset ClassMixed Use, Multifamily, Retail
riverside 9-unit mixed-use
overview of deal

Overview

Greenstone Partners, as Exclusive Investment Advisor, is pleased to present the opportunity to acquire 3228-3238 S. Harlem Avenue (the “Property”), a value-add mixed-use building located in Riverside, IL. Positioned along one of the village’s main commercial corridors, the Property features ±115 feet of frontage along Harlem Avenue and is within walking distance of the Harlem Avenue and Berwyn Metra stations, as well as multiple Pace bus routes. The location also provides excellent regional connectivity with convenient access to Interstates 55 and 294 and is just six miles southeast of Midway International Airport.

 

The two-story brick building contains nine (9) total units, including (1) 2-bed/1-bath, (1) 2-bed/1.5-bath, (2) 3-bed/2-bath apartments, and (5) ground-floor retail suites. The apartments feature spacious layouts, standard finishes, and tenant-paid heat and electric. The retail spaces are currently leased to local service-oriented businesses, each equipped with individual heating systems. Recent capital improvements include partial roof replacement, rear and side windows, tuckpointing, and new water heaters. Additional property amenities include on-site laundry and rear parking.

 

The Property is zoned B1 - TOD (Business District – Transit Oriented Development), a district where the Village of Riverside continues to advance TOD initiatives that promote higher residential density, reduced parking requirements, and greater flexibility for future development.

 

Within 1 mile, the demographics include an average household income of $106,026 and a total population of 23,972.

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Investment Highlights

⦿ DESIRABLE RIVERSIDE NEIGHBORHOOD

 

⦿ VALUE-ADD MIXED-USE

 

⦿ HIGH VISIBILITY ALONG HARLEM AVENUE

 

⦿ TRANSIT-ORIENTED LOCATION

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3228 S Harlem AveRiverside, IL 60546
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