BEDS2
BATHS1 full
SQUARE FEET931
MLS#12690944
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONLexington in the Park
SCHOOLDistrict 125
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.
Property Features
Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Natural Gas, Forced Air
Lot Size: COMMON
Stories: 2.0
Taxes: $6,397
Year Built: 1985
Amenities
1st Floor Bedroom
Feature Descriptions
Additional rooms: No additional rooms
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Association Amenities: Pool
Association Includes: Water, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Dining Room: L-shaped
Exterior: Aluminum Siding, Brick
HOA Fee: 355/ Monthly
Laundry: Main Level, Washer Hookup
Lot: Cul-De-Sac
Lot Dimensions: COMMON
Other Equipment: Ceiling Fan(s)
Parcel#: 15323091590000
Parking: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Pet Allowed: Cats OK, Dogs OK, Number Limit
Sewer: Public Sewer
Total Rooms: 5
Township: Vernon
Water: Lake Michigan
Room Sizes
Bedroom 2: 10X10
Dining Room: 10X9
Kitchen: 10X9
Laundry: 8X6
Living Room: 19X13
Primary Bedroom: 14X11
Local Schools
High School: Adlai E Stevenson High School
Middle School: Twin Groves Middle School
Elementary School: Ivy Hall Elementary School
School District: District 125
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 312-319-1168
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 2,466.67 per month $1,816.92 Principal & Interest $533.08 Property Tax $116.67 Homeowner's Insurance
| MLS# 12690944
This condo located at , Buffalo Grove, IL 60089 is currently listed for sale with an asking price of $400,000. This property was built in 1985 and has 2 bedrooms and 1 full baths with 931 sq. ft. is located in the Lexington in the Park subdivision within the District 125 school district. Search Lexington In The Park real estate on www.gogambino.com today.