1542 Victoria Avenue, North Chicago, IL

$1,289,900

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0.21

Acres

About 1542 Victoria Avenue

Turnkey 6-Unit Multifamily Gem with over 9% Cap Rate. Fully Renovated from Top to Bottom Prepare to be impressed by this *absolutely stunning* 6-unit multifamily property-an investor's dream offering a strong **9% cap rate** and *zero deferred maintenance*. This building has been completely transformed through a full-scale, professional rehab-*gutted to the studs and rebuilt with precision and care*, guided by full architectural and structural engineering plans. Each of the six units has been thoughtfully redesigned and rebuilt to modern standards, offering high-end finishes and reliable new systems that make this a truly *hands-off investment*. Highlights include: * **All New Plumbing**: Full drain and copper water lines + 2 brand-new 50-gallon water heaters (2024) * **New Electrical Systems**: New conduit, wiring, and individual metering; updated service panels and circuit breakers in every unit * **HVAC Overhaul**: 6 new gas furnaces, AC units, ductwork, thermostats + 7 new gas meters * **New Roof, Gutters, Fascia, Soffits & Energy-Efficient Windows** * **Completely Rehabbed Interiors**: Modern kitchens with stainless steel appliances, granite counters, new cabinetry, and LVP flooring throughout * **Bathrooms Redone**: New tubs, vanities, toilets, and custom tilework in all 6 bathrooms * **Smart Building Features**: Smart lock system with remote access control for owners and tenants-*no more locksmiths needed!* * **New Commercial-Grade Card Reader Washer/Dryer (Stacked)** * **New Sewer Main Cleanout** * **LED Lighting Throughout** Additional value-adds include **10 total parking spaces** (8 in the rear + 2 via a private driveway for Unit 1), **street parking**, and sleek common areas finished to match the unit interiors. This property is not only gorgeous-it's *bulletproof*, from the foundation to the finishes. Whether you're a seasoned investor or just starting your portfolio, this is a rare chance to own a turnkey asset that delivers both immediate cash flow and long-term value. **Schedule your private showing today.** This one won't last. FYI: Owner is a licensed real estate broker in IL.

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 Price Change

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 159
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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