Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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