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Sebastian Regium

regiumrealtor@gmail.com +1(773) 946-1962

$ 400,000

Est. payment | -/mo

2 Beds

1 Bath

1,000 SqFt

Save

$ 400,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,000 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $400

Subdivision Lexington In The Park

MLS Listing ID 12690890

Bedrooms 2

Full Baths 1

HOA Fees $331/mo

Year Built 1986

Annual Tax Amount $6,283

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

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplace N

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

Laundry Washer Hookup

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Amenities Available Pool

Roof Type Asphalt

Building

Dwelling Type Attached Single

Building Description Aluminum Siding, No

Story 2

Sewer Storm Sewer

Water Lake Michigan

Structure Type Aluminum Siding

New Construction false

Schools

School District 96 , 96, 125

Others

HOA Fee Include Parking,Insurance,Pool,Lawn Care,Scavenger,Snow Removal,Other

Ownership Condo

Special Listing Condition None

Pets Allowed Size Limit

Listed by Alexandre Stoykov of Compass

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 946-1962

regiumrealtor@gmail.com

257 Ashland CT #257 Buffalo Grove, IL 60089