The Story

307 Somerset Lane 307

Vernon Hills, IL 60061 · Condo

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. …


Facts & Features

Property Info

Price
$219,000
Completion Year
1,975
Living Space
864 sq ft
Bedrooms
2
Bathrooms
1
Garage
1 spaces

Features & Amenities

Garage / Parking

1 space

Cooling

Central Air

Heating

Natural Gas, Forced Air

Sewer

Public Sewer

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Listing Broker

PMI NVP Estates

Broker Name

PMI NVP Estates

Agent

Neil Patel

Location

Hawthorn Woods IL 60047