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Mixed-Use Retail and Apartments
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Pending

3228 S Harlem Ave, Riverside, IL 60546

Ground-floor retail supports four apartment units with on-site laundry, a sprinkler system, and six tandem parking spaces.

Property Size12,434 SF
Days on Market161

Property Features for 3228 S Harlem Ave

General Information

Standard status Pending
Size 12,434 SF
Total Parking Spaces 4
Property subtype Retail, Multifamily, Mixed Use
Zoning B1-TOD
Occupancy 100%
Lease Type Gross
Investment Type Value Add

Building Details

Year Built 1925
Tenancy Multi
Listing Agency: Greenstone Partners
Listed By: Chris Malay · License #IL 475.169199
Source: Crexi
Added: Mar 31 Changed: Aug 8 Last Checked: Jul 25 at 3:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners

Investment Insights

Based on property information with market context.

This mixed-use property includes five ground-floor retail spaces and four residential apartments. The apartment lineup features one 2-bed/1-bath unit, one 2-bed/1.5-bath unit, and two 3-bed/1-bath units. Additional building features include a sprinkler system, on-site laundry, and six parking spaces configured in tandem.

The property is located at 3228–3238 S Harlem Ave in Riverside, with walkable access to Harlem Ave and Berwyn Metra. Public remarks also indicate the property was reassessed in 2025 at $94,800 (down from $166k), with pro forma taxes listed at $31,584.

Tenant utility responsibility is detailed in the offering remarks: retail rents range from $75 to $1,100, with tenants paying for gas and electric and reimbursing for water and trash, along with individual furnaces/forced air. Apartment heat is described as boiler heat, with tenants paying their own electric and reimbursing for gas.

Key Highlights

  • Built in 1925 with a (4) apartment + (5) retail unit mix at 3228–3238 S Harlem Ave, Riverside
  • Includes ground‑floor retail with (4) apartments and on‑site laundry
  • Sprinkler system and 6 tandem parking spaces

Property Analytics

Current Use

Rich's Galaxy Upholstery General Contractor

Suggested Use

Top Pick Parking Lot & Garage Garden Center Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,679
Businesses Nearby

Demographics for 60546, IL

16,819
Population
6,913
Households
2.4
Avg Household Size
42
Median Age
57%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
4,205
Density / Sq Mi
$109,933
Median Household Income
$66,445
Median Earnings
$1,331
Median Rent
$377,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail supports four apartment units with on-site laundry, a sprinkler system, and six tandem parking spaces.
Where is this mixed-use property located?
The property is located at 3228 S Harlem Ave Riverside, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 1925 with a (4) apartment + (5) retail unit mix at 3228–3238 S Harlem Ave, Riverside; Includes ground‑floor retail with (4) apartments and on‑site laundry; Sprinkler system and 6 tandem parking spaces
(708) 285-0495 Call to check price and availability
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