BEDS2
BATHS1 full
SQUARE FEET864
MLS#12719299
STATUSNew
PROPERTY TYPEResidential - Condominium
SCHOOLDistrict 128
Property 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.
Property Features
Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Natural Gas, Forced Air
Lot Size: Common
Stories: 1.0
Taxes: $3,736
Year Built: 1975
Feature Descriptions
Additional rooms: No additional rooms
Association Includes: Pool, Lawn Care, Snow Removal
Exterior: Vinyl Siding
HOA Fee: 400/ Monthly
Laundry: In Unit
Lot Dimensions: Common
Parcel#: 15054010050000
Parking: Concrete, Garage Owned, Attached, Driveway, Yes, Garage
Pet Allowed: Additional Pet Rent, Cats OK, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit
Sewer: Public Sewer
Total Rooms: 5
Township: Vernon
Water: Lake Michigan
Room Sizes
Bedroom 2: 12X10
Dining Room: COMBO
Kitchen: 8X8
Laundry: 3X8
Living Room: 16X15
Primary Bedroom: 16X10
Local Schools
High School: Vernon Hills High School
School District: District 128
Listed By / Shown By
Listed By
Agency Name: PMI NVP Estates
Agency Phone: 224-300-4234
Shown By
Agent Name: Aimee Leon
Agent Phone: (815) 516-7879
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,369.97 per month $994.77 Principal & Interest $311.33 Property Tax $63.88 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
307 Somerset Lane, Unit 307 | MLS# 12719299
This condo located at 307 Somerset Lane, Unit 307, Vernon Hills, IL 60061 is currently listed for sale with an asking price of $219,000. This property was built in 1975 and has 2 bedrooms and 1 full baths with 864 sq. ft. Somerset Lane, Unit 307 is located within the District 128 school district. Search Vernon Hills real estate on aleon.gogambino.com today.