USAILNorth ChicagoWashburn Park1542 Victoria Ave

1542 Victoria Ave, Home with 0 bedrooms, 0 bathrooms and null parking in North Chicago IL | Image 1

$1,399,900

1542 Victoria Ave, North Chicago, IL

Name: 1542 Victoria Ave, For Sale in North Chicago - eXp Commercial Brokerage
Brand: RE/MAX AT HOME
SKU: 12355994
Price: 1399900 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $10,257

Days Active 43

Approx. Age 1910

MLS® Number 12355994

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 6-Unit Multifamily Gem with over 8.5 Cap Rate. Fully Renovated from Top to Bottom Prepare to be impressed by this *absolutely stunning* 6-unit multifamily property-an investor's dream offering a strong **8.5 cap rate** and *zero deferred maintenance*. This building has been completely transformed through a full-scale, professional rehab-*gutted to the studs and rebuilt with precision and care*, guided by full architectural and structural engineering plans. Each of the six units has been thoughtfully redesigned and rebuilt to modern standards, offering high-end finishes and reliable new systems that make this a truly *hands-off investment*. Highlights include: * **All New Plumbing**: Full drain and copper water lines + 2 brand-new 50-gallon water heaters (2024) * **New Electrical Systems**: New conduit, wiring, and individual metering; updated service panels and circuit breakers in every unit * **HVAC Overhaul**: 6 new gas furnaces, AC units, ductwork, thermostats + 7 new gas meters * **New Roof, Gutters, Fascia, Soffits & Energy-Efficient Windows** * **Completely Rehabbed Interiors**: Modern kitchens with stainless steel appliances, granite counters, new cabinetry, and LVP flooring throughout * **Bathrooms Redone**: New tubs, vanities, toilets, and custom tilework in all 6 bathrooms * **Smart Building Features**: Smart lock system with remote access control for owners and tenants-*no more locksmiths needed!* * **New Commercial-Grade Card Reader Washer/Dryer (Stacked)** * **New Sewer Main Cleanout** * **LED Lighting Throughout** Additional value-adds include **10 total parking spaces** (8 in the rear + 2 via a private driveway for Unit 1), **street parking**, and sleek common areas finished to match the unit interiors. This property is not only gorgeous-it's *bulletproof*, from the foundation to the finishes. Whether you're a seasoned investor or just starting your portfolio, this is a rare chance to own a turnkey asset that delivers both immediate cash flow and long-term value. **Schedule your private showing today.** This one won't last. FYI: Owner is a licensed real estate broker in IL.Show Description

MLS® Number12355994

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1910

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/CCentral Individual

Heating Fuel

Extras

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