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Listed price in listed location currency (USD).
$1,289,900

000

MLS® 12355994

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $10,257
Days Active 214
Approx. Age 1910
MLS® Number 12355994

Property Address: 1542 Victoria Ave, North Chicago, IL, 60064-1847

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12355994
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1910
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2025List Date
$1,289,900List Price
Jun 20, 2023End Date
$325,000Sold Price

Sold

Apr 7, 2025List Date
$335,000List Price
  • Commute

Commute

Starting Address
Destination Address
1542 Victoria Ave, North Chicago, IL

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