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1542 Victoria Avenue
North Chicago IL 60064 US

$1,289,900

Active Listing ID 12355994
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96 bed
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37.00 Bath (37 Full)
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Lot: 0.21 Acres
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Other

$1,289,900

Active Listing ID 12355994
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1542 Victoria Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.21 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 37
  • Cooling System: Central Air
  • Roof Type: Composition
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1289900
  • unparsedaddress: 1542 Victoria Avenue
  • postalcity: North Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60064
  • bathroomsfull: 37
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.21
  • lotsizeunits: Acres
  • lotsizearea: 0.21
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 42.330916
  • longitude: -87.84388
  • listagentfullname: Basel Tarabein
  • listagentemail: baseltarabein@remax.net
  • listagentkey: 3yd-MREDIL-82783
  • listagentmlsid: 82783
  • listagentpreferredphone: 847-255-1000
  • listagentofficephone: 8472551970
  • listofficekey: 3yd-MREDIL-8390
  • listofficemlsid: 8390
  • disclaimer: Copyright © 2025 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.
  • sourcesystemid: MREDIL
  • yearbuilt: 1910
  • listingcontractdate: 2025-05-06
  • listagenturl: http://REMAXATHOME.ILLINOISPROPERTY.COM
  • countyorparish: Lake
  • parcelnumber: 08333070390000
  • cooling: Central Air
  • constructionmaterials: Vinyl Siding
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bathroom 35, Bedroom 94, Bathroom 11, Bedroom 57, Bedroom 81, Bedroom 66, Bedroom 27, Bedroom 88, Bedroom 23, Bedroom 46, Bathroom 31, Bathroom 7, Bedroom 86, Bathroom 23, Bedroom 84, Bathroom 1, Bedroom 19, Bedroom 8, Bedroom 65, Bedroom 44, Bedroom 91, Bathroom 21, Bathroom 22, Bathroom 37, Bedroom 21, Bedroom 93, Bathroom 20, Bedroom 12, Bedroom 85, Bathroom 13, Bedroom 32, Bathroom 8, Bedroom 90, Bedroom 2, Bedroom 54, Bathroom 12, Bedroom 78, Bedroom 33, Bathroom 10, Bathroom 27, Bedroom 77, Bedroom 75, Bedroom 43, Bedroom 47, Bedroom 96, Bedroom 18, Bedroom 48, Bedroom 3, Bathroom 15, Bedroom 67, Bedroom 60, Bedroom 82, Bedroom 59, Bathroom 36, Bedroom 1, Bedroom 25, Bedroom 13, Bedroom 62, Bedroom 69, Bedroom 7, Bedroom 89, Bedroom 87, Bedroom 73, Bedroom 72, Bedroom 39, Bedroom 80, Bedroom 41, Bathroom 3, Bathroom 9, Bathroom 14, Bathroom 16, Bedroom 79, Bedroom 64, Bathroom 33, Bedroom 29, Bedroom 16, Bedroom 5, Bedroom 74, Bedroom 37, Bedroom 52, Bedroom 51, Bedroom 22, Bedroom 58, Bedroom 36, Bedroom 76, Bedroom 56, Bedroom 28, Bedroom 40, Bathroom 19, Bedroom 83, Bathroom 17, Bedroom 9, Bedroom 53, Bedroom 42, Bedroom 10, Bedroom 11, Bedroom 35, Bathroom 34, Bedroom 24, Bathroom 28, Bedroom 17, Bedroom 68, Bedroom 92, Bathroom 26, Bedroom 61, Bathroom 32, Bathroom 18, Bathroom 24, Bedroom 38, Bedroom 50, Bedroom 55, Bathroom 6, Bedroom 30, Bedroom 26, Bedroom 4, Bathroom 25, Bedroom 34, Bedroom 6, Bedroom 49, Bathroom 5, Bedroom 70, Bedroom 20, Bedroom 95, Bathroom 29, Bedroom 45, Bathroom 4, Bedroom 63, Bathroom 30, Bathroom 2, Bedroom 71, Bedroom 14, Bedroom 31, Bedroom 15, Basement
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.84388, 42.330917
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TARABEIN INC. D/BA RE/MAX AT HOME", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"baseltarabein@remax.net", "ListBrokerageCity":"ROLLING MEADOWS", "ListBrokerageCountry":"US", "ListBrokerageEmail":"BASELT@AOL.COM", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSNI/c5ababc31bc41993011bc45ea2cf1e96/20080821100850711.jpg", "ListBrokerageName":"TARABEIN INC. D/BA RE/MAX AT HOME", "ListBrokeragePhone":"847-255-1000", "ListBrokeragePostalCode":"60008", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3215 W ALGONQUIN", "ListBrokerageWebsiteUrl":"http://REMAXATHOME.ILLINOISPROPERTY.COM", "ListOfficeAddress1":"3215 Algonquin Road ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"8390", "ListOfficeCity":"Rolling Meadows", "ListOfficeCountry":"USA", "ListOfficeEmail":"baseltarabein@remax.net", "ListOfficePostalCode":"60008", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - North Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1542-Victoria-Ave_North-Chicago_IL_60064_M82973-40913?f=listhub&s=MREDIL&m=12355994&c=rexren", "MLSModificationTimestamp":"2025-10-21 19:19:01", "Neighborhoods":[{"Description":null, "Name":"North Chicago"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10257, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/31/2025 3:14:42 PM GMT
Source Updated Date: 1/16/2026 6:52:42 PM GMT

Courtesy of: Basel Tarabein, RE/MAX At Home, baseltarabein@remax.net

Copyright © 2025 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.