1181 Auburn Lane 1181, Buffalo Grove, IL

$400,000

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2

Beds

1

Bath

1,034

Square feet

About 1181 Auburn Lane 1181

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.

Features of 1181 Auburn Lane 1181

MLS® # 12690966
Price $400,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 1,034
Year Built 1985
Type Residential
Sub-Type Attached Single
Status Active

Community Information

Address 1181 Auburn Lane 1181
Area Buffalo Grove
City Buffalo Grove
County Lake
State IL
Zip Code 60089

Amenities

Amenities Pool
Parking Spaces 1
Parking Yes, Attached, Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Cooling Central Air
Fireplace No
# of Stories 1
Has Basement No
Basement None

Exterior

Exterior Vinyl Siding, Brick

School Information

District 125
Elementary Willow Grove Kindergarten Ctr
Middle Twin Groves Middle School
High Adlai E Stevenson High School

Additional Information

Days on Market 66
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 327
HOA Fees Freq. Monthly

Listing Details

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Listing Map