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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 400,000

Est. payment | -/mo

2 Beds

1 Bath

960 SqFt

Save

$ 400,000

Est. payment | -/mo

Save

2 Beds

1 Bath

960 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 960 sqft

Price per Sqft $416

Subdivision Lexington In The Park

MLS Listing ID 12690861

Bedrooms 2

Full Baths 1

HOA Fees $358/mo

Year Built 1984

Annual Tax Amount $6,656

Tax Year 2024

Lot Dimensions COMMON

Property Sub-Type Condo

Property Description

One of the six units in this rare opportunity to acquire a six-unit condominium investment portfolio in Buffalo Grove, all located within the highly acclaimed Adlai E. Stevenson High School district. This package includes six separately deeded, fully occupied units generating immediate rental income. Four of the six units have been renovated, providing a strong balance of current value and future upside. Current rents are below market, offering significant potential for increased cash flow. At market rental rates, annual rental income could increase from approximately $151,200 to $165,600, representing an additional $14,400 per year (approximately 9.5% upside). A unique opportunity for investors seeking a turnkey portfolio in one of the North Shore's most desirable rental markets.

Location

State IL

County Lake

Area Buffalo Grove

Body of Water OAK COACH HOUSE

Rooms

Basement None

Interior

Interior Features Cathedral Ceiling(s), Walk-In Closet(s)

Heating Natural Gas, Forced Air

Cooling Central Air

Equipment Ceiling Fan(s)

Fireplace N

Appliance Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal

Laundry Washer Hookup, In Unit

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Building

Lot Description Cul-De-Sac

Dwelling Type Attached Single

Building Description Brick, No

Story 1

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Ivy Hall Elementary School

Middle Schools Twin Groves Middle School

High Schools Adlai E Stevenson High School

School District 96 , 96, 125

Others

HOA Fee Include Water,Pool,Lawn Care,Scavenger,Snow Removal,Other

Ownership Condo

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK

Listed by Alexandre Stoykov of Compass

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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233 Blossom CT #233 Buffalo Grove, IL 60089