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: 931
Garage Size: 1
Attached Garage
Built in 1985
Elementary School: Ivy Hall Elementary School
High School: Adlai E Stevenson High School
Middle School: Twin Groves Middle School
Cul-De-Sac Lot
Brick Exterior
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 931
County: Lake
High School: Adlai E Stevenson High School
Subdivision: Lexington in the Park
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12690944
Room Information
Bedroom 2: 10X10
Dining Room: 10X9
Kitchen: 10X9
Laundry: 8X6
Living Room: 19X13
Primary Bedroom: 14X11
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Please Call For Address, Buffalo Grove, IL 60089.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| 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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