$ 1,289,900
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$1,289,900
Price -
0
Bed - Bath
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0
SqFt
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About the Listing 8390 - 82783,267034
Turnkey 6-Unit Multifamily Property with Over 9% Cap Rate - Fully Renovated Exceptional investment opportunity featuring a fully renovated six-unit multifamily building offering a strong 9% cap rate and no deferred maintenance. This property has been professionally rebuilt from the studs up, with all work completed under full architectural and structural engineering plans. Each of the six units has been completely updated to modern standards, including new mechanical systems and high-quality finishes throughout. Property Highlights: Plumbing: All new drain and copper water lines plus two new 50-gallon water heaters (2024). Electrical: New conduit, wiring, and individual metering; updated service panels and circuit breakers in each unit. HVAC: Six new gas furnaces, A/C units, ductwork, thermostats, and seven new gas meters. Exterior: New roof, gutters, fascia, soffits, and energy-efficient windows. Interiors: New kitchens with stainless steel appliances, granite countertops, modern cabinetry, and LVP flooring. Bathrooms: Updated with new tubs, vanities, toilets, and custom tilework. Smart Features: Smart lock system with remote access control for owners and tenants. Laundry: New commercial-grade, stacked card-reader washer/dryer. Infrastructure: New sewer main cleanout. Lighting: LED lighting throughout. Additional features include 10 parking spaces (8 in the rear and 2 via private driveway for Unit 1), street parking, and updated common areas. This property offers reliable income, modern systems, and strong long-term investment potential. Private showings available by appointment. Listing Broker has ownership interest in the property.
Listing Highlights for 1542 Victoria Ave
Status
Active
Days on Site
190
Property Type
Multi-Family
MLS ®
12355994
Year Built
1910
Total Square Footage
0
Lot/Acreage
0.22
County
Lake
Area
North Chicago
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Individual
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 126.6X75
- Zoning: MULTI
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 6-12 Spaces
Financial Details
- Tax Amount: $10,257
- Taxes w/Assessments: N/A
- Tax/Property ID: 08333070390000
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1542 Victoria Ave North Chicago, IL 60064
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