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1542 Victoria Avenue North Chicago, IL 60064

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For Sale
$1,289,900

MULTI_FAMILY - North Chicago, IL

Lot size:
0.21 Acres
Added:
May 6, 2025
Days on Market:
333
Last Refresh:
Apr 3 at 1:06 pm

Property Features for 1542 Victoria Avenue

General Information

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

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
10257

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

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Listing Contact
Basel Tarabein
Basel Tarabein

Listing agent Basel Tarabein License #IL 471008459

Listing office RE/MAX At Home 3215 Algonquin Road, ROLLING MEADOWS, IL

Listing date May 6, 2025

MLS# 12355994

Copyright © 2026 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

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
North Chicago
County
Lake
State
Illinois
Longitude
-87.843886
Latitude
42.330923

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 Avenue 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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