1920 Prospect Avenue,  North Chicago  (60064)

$299,000

3 bedrooms 3   2 bathrooms 2   1636 square feet 1,636
Listing Image Thumbnail
Listing Image Thumbnail
Listing Image Thumbnail
Listing Image Thumbnail
Listing Image Thumbnail
Listing Image Thumbnail
Listing Image Thumbnail

PROPERTY DETAILS

Address: view address
North Chicago, IL 60064
Map Location
Features: Basement, Forced Air, Garage
Bedrooms:3Bathrooms:2 (full: 2)
Square Feet:1,636 sq.ft.Year Built:1940
Property Type:Single Family ResidenceCounty:Lake
List Date:2024-07-17Listing Number:12104980
Listed By:Realty One Group Excel

PROPERTY DESCRIPTION

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.

Brokerage Logo


Contact Agent

Interior

Features

Fireplace features:Living RoomFireplace:Yes

Room Information

Basement:YesBasement features:Full

Cooling & Heating

Cooling features:NoneHeating features:Natural Gas, Forced Air
Heating:Yes

Exterior

Exterior and Lot

Lot features:WoodedConstruction Materials:Aluminum Siding
Roof:Shake

Parking

Parking features:Attached, GravelGarage spaces:1
Attached Garage:Yes

Property Features

Patio and Porch features:Porch

Property and Lot Details

Features

Community Features:Curbs, Sidewalks, Street Lights

Other

Sewer:Public Sewer

Fee

Annual Tax:3629

Building Information

Year Built:1940

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

PHOTO GALLERY

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image
Listed By: Realty One Group Excel