BEDS0
BATHS
MLS#12355994
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Individual
Lot Size: 0.21 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $10,257
Year Built: 1910
Feature Descriptions
Electric: Separate Meters
Exterior: Vinyl Siding
Fire Protection: Smoke or Fire Protectors
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Other
Location: Free Standing/Urban
Lot Dimensions: 126.6X75
Miscellaneous Indoor: Laundry Room
Parcel#: 08333070390000
Parking: 6-12 Spaces
Tenant Pays: Electricity, Heat, Other
Units: 6
Listed By / Shown By
Listed By
Agency Name: RE/MAX At Home
Agency Phone: 847-255-1000
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,101.73 per month $2,870.76 Principal & Interest $854.75 Property Tax $376.22 Homeowner's InsuranceChange Payment Information
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1542 Victoria Avenue | MLS# 12355994
This multi-family property located at 1542 Victoria Avenue, North Chicago, IL 60064 is currently listed for sale with an asking price of $1,289,900. Search North Chicago real estate on www.bhhscrosby.com today.