1811 Victoria Avenue

North Chicago, IL 60064

Discover an incredible investment opportunity with this extensive potential real estate portfolio in North Chicago, Illinois, consisting of 11 single-family homes. This meticulously curated portfolio offers significant potential for increased rental income, as current rents are well below market rates. The properties are located at 1729 Victoria Ave, a 3-bed/1.5-bath home with a 1-car garage, renting for $1,350/month; 1811 Victoria Ave, a 3-bed/1-bath home renting for $1,350/month; 1824 Park Ave, a 4-bed/2-bath home renting for $1,450/month; 1825 Park Ave, a 4-bed/1.5-bath home renting for $2,500/month; 2800 Argonne Dr, a 2-bed/2-bath home with a 1-car garage, renting for $1,450/month; 1920 Prospect Ave, a 3-bed/2-bath home with a 1-car garage, renting for $1,700/month; 2020 Hervey Ave, a 3-bed/1-bath home renting for $1,450/month; 1729 Elizabeth Ave, a 5-bed/2-bath home renting for $2,500/month; 1314 Lincoln St, a 4-bed/2-bath home renting for $1,350/month; 1018 Broadway Ave, a 2-bed/1-bath home with a 1-car garage, renting for $1,365/month; and 1210 Park Ave, a 4-bed/2.5-bath home that is currently vacant and in need of rehabilitation. The total asking price for this diverse portfolio is $3 million with a total rent of around $16,500 and taxes are $47317. Located in Lake County, North Chicago is a dynamic area with a strong rental market, bolstered by its proximity to major employers, educational institutions, and transportation hubs. The region's economic vitality and growth potential make it an attractive location for tenants, ensuring a steady demand for rental properties. This portfolio not only offers stable rental income but also presents opportunities for rental increases, enhancing overall returns. The seller is open to owner financing and creative financing options, providing flexibility and making this an even more appealing investment, they can be bought individually or as a portfolio for $3M all together. With such a robust mix of properties and advantageous financing terms, this portfolio is a rare chance to invest in a high-potential market, offering substantial opportunities for income growth and long-term financial gains.

Listing Courtesy of MRED as distributed by MLS Grid of Realty One Group Excel [email protected]; [email protected]



Based on information submitted to the MLS GRID as of 2024-09-08 01:05 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-09-08 01:05 AM UTC
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