Jeff Wehr
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
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 Highlights
Property Type: Residential - Condominium
Total Living Area SF: 864
Garage Size: 1
Attached Garage
Built in 1975
High School: Vernon Hills High School
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 864
County: Lake
High School: Vernon Hills High School
Listed By:
PMI NVP Estates
224-300-4234
MRED MLS
MLS ID: 12719299
Room Information
Bedroom 2: 12X10
Dining Room: COMBO
Kitchen: 8X8
Laundry: 3X8
Living Room: 16X15
Primary Bedroom: 16X10
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307 Somerset Lane, Unit 307, Vernon Hills, IL 60061.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $219,000 | $219,000 | $219,000 |
| Down Payment | $43,800 | $7,665 | $54,750 |
| Monthly Mortgage Amount | $1,107 | $1,342 | $1,375 |
| Taxes | $305 | $305 | $305 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $96 | $0 |
| Monthly Estimated Total | $1,512 | $1,843 | $1,780 |
Jeff Wehr
REALTOR®
Office: (563) 441-5062
Cell: (563) 320-2298
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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