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Property Description
Turnkey 6-Unit Multifamily Property. Fully Renovated. Exceptional investment opportunity featuring a fully renovated six-unit multifamily building offering with 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.
Full Property Details
Full Property Details for 1542 Victoria Ave
General
- Price: $1,199,900
- Taxes: $10,257 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12622583
- Updated: 4/17/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Unfinished
- Interior Features: Laundry Room
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: North Chicago
- County: Lake
- Township: Waukegan
- Driving Directions: SHERIDAN ROAD TO 16TH STREET WEST TO VICTORIA.
- Location Details: Freestanding/Urban
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Other
Utilities
- Trash: 1044
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 3
- Year Built: 1910
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,495
- Lot Dimensions: 126.6 x 75
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $6,400
- Operating Expenses: $21,837
- Other Fee: $1,000
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1910
- Tax Amount: $10,257
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Other
- Pays Electric: 420
- Pays Trash: 1044
Disclosures and Reports
- Property ID: 8333070390000
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Schools
Schools serving 1542 Victoria Ave
School District:North Chicago School District 187
| Name | Grades | Distance |
|---|---|---|
Evelyn Alexander School 1210 Adams Street, North Chicago, IL 60064 | K-5 | 0.5 mi |
LEARN Charter School 6 North Chicago 601 D St Bldg 130H, Great Lakes, IL 60088 | K-8 | 1.8 mi |
Neal Math and Science Academy 1905 Argonne Drive, North Chicago, IL 60064 | 6-8 | 0.8 mi |
North Chicago Community High School 1717 17th Street, North Chicago, IL 60064 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1542 Victoria Ave
Date
Details
Price
Change
Source
4/17/2026
Listed
$1,199,900
269.2%
MLS
8/01/2023
Sold
$325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1542 Victoria Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,406
3%
$80,090
5%
2023
$10,102
1%
$76,578
7%
2022
$9,988
11%
$71,461
1%
2021
$9,008
6%
$70,838
7%
2020
$8,501
—
$65,994
9%
2019
$8,501
-17%
$60,473
1%
2018
$10,268
-13%
$59,638
-13%
2017
$11,792
12%
$68,261
15%
2016
$10,493
7%
$59,316
12%
2015
$9,802
9%
$53,089
—
2014
$8,985
1%
$53,089
-1%
2013
$8,916
12%
$53,761
-11%
2012
$7,952
—
$60,324
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1542 Victoria Ave
1542 Victoria Avenue, North Chicago, IL 60064 (MLS# 12622583) is a Commercial property. 1542 Victoria Avenue is currently listed for $1,199,900 and was received on April 17, 2026. Want to learn more about 1542 Victoria Avenue? Do you have questions about finding other Commercial real estate for sale in North Chicago? You can browse all North Chicago real estate or contact a Coldwell Banker agent to request more information.

