$ 219,000
-
$219,000
Price -
2
Bed -
1
Bath -
864
SqFt
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About the Listing 6924 - 46950
Turnkey investment opportunity with immediate cash flow in highly desirable Vernon Hills! This income-producing property is currently leased for $2,025 per month through October 31, 2026, with the tenant expressing interest in extending the lease for an additional year-offering investors stable rental income from day one. This well-maintained 2-bedroom, 1-bath ranch features 864 square feet of comfortable single-level living with an open-concept floor plan, hardwood floors, a freshly painted kitchen, in-unit washer and dryer, and an attached one-car garage. Recent capital improvements include a new HVAC system (March 2026) and new water heater (October 2025), reducing future maintenance concerns. Kitchen appliances include the refrigerator, oven/range, microwave, and garbage disposal. The $400 monthly HOA includes lawn maintenance and snow removal, providing low-maintenance ownership, while residents also enjoy access to the community pool. Located within the highly regarded Hawthorn CCSD 73 and Community High School District 128, and just minutes from Hawthorn Mall, shopping, dining, and major commuter routes. Whether you're expanding your real estate portfolio or planning for future owner occupancy after the current lease, this property presents an outstanding opportunity in one of Vernon Hills' most sought-after communities.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Additional Pet Rent,Cats OK,Dogs OK,Neutered and/or Declawed Only,Number Limit,Size Limit
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 1 car
- Parking Spaces: 3
- Lot Dimensions: Common
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Concrete,Garage Owned,Attached,Driveway,Yes,Garage
Financial Details
- Tax Amount: $3,736
- Taxes w/Assessments: N/A
- Tax/Property ID: 15054010050000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
307 Somerset Ln Unit 307 Vernon Hills, IL 60061
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