307 Somerset Lane 307,Vernon Hills, IL 60061
Vernon Hills, IL 60061
Description
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.
Details
| MLS # | 12719299 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $400 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 38 |
| Listing Provided By | PMI NVP Estates | Neil Patel |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 864 |
| Garage | 1 |
| Story(s) | 1 |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
| Laundry Features | In Unit |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Parking Features | Concrete, Garage Owned, Attached, Driveway, Yes, Garage |
|---|---|
| Garage Spaces | 1 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 3736 |
Area Information
| State | IL |
|---|---|
| County | Lake |
| City | Vernon Hills |
| Zip Code | 60061 |
| Area | Indian Creek | Vernon Hills |
| School District | Vernon Hills High School |
| High School | Vernon Hills High School |
| Listing VS Median (in 60061) | |
Price: $219,000 low | high Med: $339,900 sqft: 864 low | high Med: 1,278 $ / sqft: $253 low | high Med: $266 On site: 38 low | high Med: 66 | |
Market Activity 60061
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Vernon Hills |
| Zip Code | 60061 |
| Area | Indian Creek | Vernon Hills |
| School District | Vernon Hills High School |
| High School | Vernon Hills High School |
| Listing VS Median (in 60061) | |
Price: $219,000 low | high Med: $339,900 sqft: 864 low | high Med: 1,278 $ / sqft: $253 low | high Med: $266 On site: 38 low | high Med: 66 | |
