$1,289,900

1542 Victoria Avenue, North Chicago, IL 60064

Commercial Property
Built in 1910
9,148sqft lot
—— car garage
$——/sqft
Listed 6 months ago

Property Description

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.

Listing Status:: Active
Listing Office:: RE/MAX At Home : 847-255-1970
Listing Agent:: Basel Tarabein : 847-828-2243
MLS ID:: 12355994

Basement: Unfinished
A/C: Central Individual
Fireplace: Fireplaces: 0

Roofing: Composition
General: Concrete Perimeter

Road/Access: City Street
HOA Amenities: None
Originating MLS: mred
County: Lake

Zoning: MULTI08333070390000

Utilities: Separate Meters

Source: mred

This listing courtesy of Basel Tarabein, RE/MAX At Home

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Evelyn Alexander School

1210 Adams St, North Chicago, IL, 60064

Grades KG-3

0.48 miles away

Neal Math Science Academy

1905 Argonne Dr, North Chicago, IL, 60064

Grades 6-8

0.76 miles away

North Chicago Community High School

1717 17th St, North Chicago, IL, 60064

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.