North Chicago, IL 60064 1542 Victoria Avenue

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Presented By: RE/MAX At Home
  • MLS# 12355994
  • 05/06/2025
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  • Beds • 16

Home Details

Turnkey 6-Unit Multifamily Gem with over 8.5 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 **8.5 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.
Presented By: RE/MAX At Home

Interior Features for 1542 Victoria Avenue

Other Interior Features

BasementUnfinished
Total Fireplaces

General for 1542 Victoria Avenue

Additional Parcels Y/NNo
Association Fee IncludesNone
Cap Rate8.5
CityNorth Chicago
Construction MaterialsVinyl Siding
CoolingCentral Individual
CountyLake
DirectionsSHERIDAN ROAD TO 16TH STREET WEST TO VICTORIA.
ElectricSeparate Meters
Electric Expense420
Fuel Expense1020
Gross Income142440
Insurance Expense6400
Lot Size Square Feet9495
MLS AreaNorth Chicago
MaintenanceExpense
ModificationTimestamp2025-05-20T08:02:13.921Z
Net Operating Income119636
Number Of Units Total6
Operating Expense22804
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount10257
Tax Year2024
Tenant PaysElectricity, Heat, Other
TownshipWaukegan
Trash Expense1044
Water Sewer Expense1320
Year Built1910
ZoningMULTI

Exterior for 1542 Victoria Avenue

Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions126.6X75
Lot Size Acres0.21

Additional Details

Price History

Client Care

Price $1,399,900
MLS#12355994
List Date 05/06/2025
Property Type Multi-Family
Phone 847.485.2500
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