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1542 Victoria Ave North Chicago, IL 60064

Sponsored
For Sale
$1,289,900

MULTI_FAMILY - North Chicago, IL

Lot size:
0.21 Acres
Days on Market:
77
Last Refresh:
Jan 5 at 4:06 pm

Property Features for 1542 Victoria Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Zoning
MULTI
Rooms
Bathroom 35, Bedroom 94, Bathroom 11, Bedroom 57, Bedroom 81, Bedroom 66, Bedroom 27, Bedroom 88, Bedroom 23, Bedroom 46, Bathroom 31, Bathroom 7, Bedroom 86, Bathroom 23, Bedroom 84, Bathroom 1, Bedroom 19, Bedroom 8, Bedroom 65, Bedroom 44, Bedroom 91, Bathroom 21, Bathroom 22, Bathroom 37, Bedroom 21, Bedroom 93, Bathroom 20, Bedroom 12, Bedroom 85, Bathroom 13, Bedroom 32, Bathroom 8, Bedroom 90, Bedroom 2, Bedroom 54, Bathroom 12, Bedroom 78, Bedroom 33, Bathroom 10, Bathroom 27, Bedroom 77, Bedroom 75, Bedroom 43, Bedroom 47, Bedroom 96, Bedroom 18, Bedroom 48, Bedroom 3, Bathroom 15, Bedroom 67, Bedroom 60, Bedroom 82, Bedroom 59, Bathroom 36, Bedroom 1, Bedroom 25, Bedroom 13, Bedroom 62, Bedroom 69, Bedroom 7, Bedroom 89, Bedroom 87, Bedroom 73, Bedroom 72, Bedroom 39, Bedroom 80, Bedroom 41, Bathroom 3, Bathroom 9, Bathroom 14, Bathroom 16, Bedroom 79, Bedroom 64, Bathroom 33, Bedroom 29, Bedroom 16, Bedroom 5, Bedroom 74, Bedroom 37, Bedroom 52, Bedroom 51, Bedroom 22, Bedroom 58, Bedroom 36, Bedroom 76, Bedroom 56, Bedroom 28, Bedroom 40, Bathroom 19, Bedroom 83, Bathroom 17, Bedroom 9, Bedroom 53, Bedroom 42, Bedroom 10, Bedroom 11, Bedroom 35, Bathroom 34, Bedroom 24, Bathroom 28, Bedroom 17, Bedroom 68, Bedroom 92, Bathroom 26, Bedroom 61, Bathroom 32, Bathroom 18, Bathroom 24, Bedroom 38, Bedroom 50, Bedroom 55, Bathroom 6, Bedroom 30, Bedroom 26, Bedroom 4, Bathroom 25, Bedroom 34, Bedroom 6, Bedroom 49, Bathroom 5, Bedroom 70, Bedroom 20, Bedroom 95, Bathroom 29, Bedroom 45, Bathroom 4, Bedroom 63, Bathroom 30, Bathroom 2, Bedroom 71, Bedroom 14, Bedroom 31, Bedroom 15, Basement
Bedrooms
96
APN
08333070390000
Basement
Unfinished
Lot size
0.21 Acres

Utilities

Cooling system
Central Air

Building Details

Year built
1910
Floors in Building
3
Number of units
6
Building materials
Vinyl Siding
Roof type
Composition

TARABEIN INC. D/BA RE/MAX AT HOME (847) 255-1000 [email protected]

Listing agent Basel Tarabein (847) 255-1970

Listing date Oct 21, 2025

MLS# 12355994 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turnkey Multifamily Property, North Chicago

This is a fully renovated six-unit multifamily property, professionally rebuilt from the studs up under full architectural and structural engineering plans. The property offers a 9% cap rate and requires no deferred maintenance. Each of the six units has been completely updated to modern standards, including new mechanical systems and high-quality finishes. Plumbing updates include new drain and copper water lines, plus two new 50-gallon water heaters installed in 2024. The electrical system features new conduit, wiring, and individual metering, with updated service panels and circuit breakers in each unit. Each unit has a new gas furnace, A/C unit, ductwork, and thermostat, along with seven new gas meters. Exterior improvements include a new roof, gutters, fascia, soffits, and energy-efficient windows. Interiors feature new kitchens with stainless steel appliances, granite countertops, modern cabinetry, and LVP flooring. Bathrooms have been updated with new tubs, vanities, toilets, and custom tilework. The property includes a smart lock system with remote access control for owners and tenants, as well as a new commercial-grade, stacked card-reader washer/dryer. Additional infrastructure improvements include a new sewer main cleanout and LED lighting throughout. There are 10 parking spaces, with 8 in the rear and 2 via private driveway for Unit 1, plus street parking. The property is located in North Chicago, IL, on a lot of 0.21 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
North Chicago
County
Lake
State
Illinois
Longitude
-87.84388
Latitude
42.330916

FAQs

What type of property is this?
Apartment building - Fully renovated 6-unit building with a 9% cap rate.
Where is this apartment building located?
The property is located at 1542 Victoria Ave North Chicago, IL.
What is the asking price?
The asking price for this property is $1,289,900.
What are key features of this property?
This property features: - High Cap Rate: Turnkey 6-unit multifamily property with a strong 9% cap rate.; - Complete Renovation: Professionally rebuilt from the studs up with architectural and structural engineering plans.; - Modern Unit Updates: Each unit features new kitchens with stainless steel appliances and granite countertops, updated bathrooms with custom tilework, and LVP flooring.
More about this property
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