Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Residential - Condominium
Total Living Area SF: 1,000
Garage Size: 1
Attached Garage
Built in 1986
School District: District 125
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 1,000
County: Lake
Subdivision: Lexington in the Park
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12690890
Room Information
Utility Room-2nd Floor: 3X3
Screened Porch: 4X6
Bedroom 2: 10X10
Dining Room: 9X9
Kitchen: 10X9
Living Room: 19X12
Primary Bedroom: 14X11
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257 Ashland Court, Unit 257, Buffalo Grove, IL 60089.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $400,000 | $400,000 | $400,000 |
| Down Payment | $80,000 | $14,000 | $100,000 |
| Monthly Mortgage Amount | $1,944 | $2,386 | $2,471 |
| Taxes | $557 | $557 | $557 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $176 | $0 |
| Monthly Estimated Total | $2,618 | $3,236 | $3,145 |
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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.
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