1531 Grove Ave

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🔥 North Chicago Full Rehab Deal | Heavy Value-Add | Big Upside 🔥

Address: 1531 Grove Ave, North Chicago, IL 60064

Property Overview

3-bed, 1.5-bath single-family home offering 1,192 sq ft that has been taken down to the studs—making this a true full gut rehab opportunity. Ideal for experienced investors looking to execute a complete renovation and capture strong upside.

Key Features

• 3 Beds / 1.5 Baths
• 1,192 Sq Ft
• Vacant
• Located near schools, shopping, and major roadways

Condition & Scope

• Full gut rehab required
• Plumbing mostly removed
• Exposed/damaged electrical throughout
• Roof damage at drip edges; gutters/downspouts damaged
• Multiple foundation cracks + leaning wall
• Interior fully stripped (walls/ceilings removed)
• Doors/windows need full replacement
• Exterior issues: cracked driveway, patio, walkway, porch
• Sump pump pit present at front

Systems

• Furnace: 2019
• A/C: 2020
• Water Heater: 2022

Investment Highlights

• Priced for heavy rehab
• Ideal for experienced flippers or developers
• Strong upside with full reposition
• Opportunity to rebuild to modern standards

Comparable Sales

• 4731 183rd St – $210,000 (4/3, 2,798 sq ft)
• 18321 Anthony Ave – $217,000 (3/1, 1,100 sq ft)
• 18310 Anthony Ave – $270,000 (4/2, 1,686 sq ft)

Deal Potential

• Full renovation to maximize ARV
• Flip into ~$210K–$270K+ range depending on execution
• Opportunity to redesign layout and add value

Transaction Details

• Walkthrough: Call for appointment
• Closing: On or before 05/15/2026
• EMD: $10,000
• Proof of funds required
• Title: GITC

⚡ Full gut projects with this kind of upside are for serious investors only — move quickly
 

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Resources:

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