Property profile

1542 Victoria Ave North Chicago, IL 60064

OFF-MARKET
Other investment properties
Property ID
US28-1007066
4,960 SF 0.22 ac lot Built 1910
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A renovated six-unit multifamily building located in North Chicago, Lake County, Illinois, situated on a 0.21-acre lot. The structure was rebuilt from the studs up with complete architectural and structural engineering plans, and each of the six units has been updated with modern mechanical systems and interior finishes. Building systems include newly installed drain and copper water lines and two 50-gallon water heaters (installed in 2024), an electrical system with new conduit and wiring, updated service panels and circuit breakers, and individual metering, as well as HVAC improvements featuring new gas furnaces, air-conditioning units, ductwork, thermostats, and additional gas meters. The exterior features a replaced roof, gutters, fascia, soffits, and energy-efficient windows. Interiors include renovated kitchens with stainless steel appliances, granite countertops, updated cabinetry, and LVP flooring; updated bathrooms with new tubs, vanities, toilets, and custom tilework. Additional building features include a smart lock system with remote access, a commercial-grade stacked card-reader washer/dryer, a new sewer main cleanout, and LED lighting throughout. Parking consists of 10 spaces, including 8 in the rear and 2 accessed via a private driveway serving Unit 1, plus street parking.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Construction FRAME
Total area 4,960 SF
Lot 0.22 ac (9,496 SF)
APN 08-33-307-039
UPID US28-1007066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1542 Victoria Ave North Chicago, IL 60064-1847
North Chicago metro Census 862902 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2023
Last sale
$325,000
4 recorded transactions
2023
$325,000
2021
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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