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Marshall Mann

marshall@loyaltyhomegroup.com +1(614) 584-5114

$ 400,000

Est. payment | -/mo

2 Beds

1 Bath

931 SqFt

Save

$ 400,000

Est. payment | -/mo

Save

2 Beds

1 Bath

931 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 931 sqft

Price per Sqft $429

Subdivision Lexington In The Park

MLS Listing ID 12690944

Bedrooms 2

Full Baths 1

HOA Fees $355/mo

Rental Info Yes

Year Built 1985

Annual Tax Amount $6,397

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

Rooms

Basement None

Interior

Interior Features 1st Floor Bedroom

Heating Natural Gas, Forced Air

Cooling Central Air

Equipment Ceiling Fan(s)

Fireplace N

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

Laundry Main Level, Washer Hookup

Exterior

Garage Spaces 1.0

Amenities Available Pool

Building

Lot Description Cul-De-Sac

Dwelling Type Attached Single

Building Description Aluminum Siding,Brick, No

Story 2

Sewer Public Sewer

Water Lake Michigan

Structure Type Aluminum Siding,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,Insurance,Clubhouse,Pool,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal

Ownership Condo

Special Listing Condition Home Warranty

Pets Allowed Cats OK, Dogs OK, Number Limit

Listed by Alexandre Stoykov of Compass

+1(614) 584-5114

marshall@loyaltyhomegroup.com

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Address not disclosed Buffalo Grove, IL 60089