1531 Grove Ave, North Chicago, IL 60064, USA

$150,000

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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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