1542 Victoria Avenue, North Chicago, IL

$1,289,900

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0.21

Acres

About 1542 Victoria Avenue

Turnkey 6-Unit Multifamily Property with Over 9% Cap Rate - Fully Renovated Exceptional investment opportunity featuring a fully renovated six-unit multifamily building offering a strong 9% cap rate and no deferred maintenance. This property has been professionally rebuilt from the studs up, with all work completed under full architectural and structural engineering plans. Each of the six units has been completely updated to modern standards, including new mechanical systems and high-quality finishes throughout. Property Highlights: Plumbing: All new drain and copper water lines plus two new 50-gallon water heaters (2024). Electrical: New conduit, wiring, and individual metering; updated service panels and circuit breakers in each unit. HVAC: Six new gas furnaces, A/C units, ductwork, thermostats, and seven new gas meters. Exterior: New roof, gutters, fascia, soffits, and energy-efficient windows. Interiors: New kitchens with stainless steel appliances, granite countertops, modern cabinetry, and LVP flooring. Bathrooms: Updated with new tubs, vanities, toilets, and custom tilework. Smart Features: Smart lock system with remote access control for owners and tenants. Laundry: New commercial-grade, stacked card-reader washer/dryer. Infrastructure: New sewer main cleanout. Lighting: LED lighting throughout. Additional features include 10 parking spaces (8 in the rear and 2 via private driveway for Unit 1), street parking, and updated common areas. This property offers reliable income, modern systems, and strong long-term investment potential. Private showings available by appointment. Listing Broker has ownership interest in the property.

Features of 1542 Victoria Avenue

MLS® # 12355994
Price $1,289,900
Bathrooms 0.00
Acres 0.21
Year Built 1910
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1542 Victoria Avenue
Area North Chicago
City North Chicago
County Lake
State IL
Zip Code 60064

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Individual
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Vinyl Siding
Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 169
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX At Home
Contact InfoBaseltarabein@remax.net

Listing Map

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