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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 219,000

Est. payment -/mo

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307 Somerset LN #307 Vernon Hills, IL 60061

2 Beds

1 Bath

864 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 864 sqft

Price per Sqft $253

MLS Listing ID 12719299

Bedrooms 2

Full Baths 1

HOA Fees $400/mo

Rental Info Yes

Year Built 1975

Annual Tax Amount $3,736

Tax Year 2025

Lot Dimensions Common

Property Sub-Type Condo

Property 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.

Location

State IL

County Lake

Area Indian Creek / Vernon Hills

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplace N

Laundry In Unit

Exterior

Garage Spaces 1.0

Building

Dwelling Type Attached Single

Building Description Vinyl Siding, No

Story 1

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding

New Construction false

Schools

High Schools Vernon Hills High School

School District 73 , 73, 128

Others

HOA Fee Include Pool,Lawn Care,Snow Removal

Ownership Condo

Special Listing Condition None

Pets Allowed Additional Pet Rent, Cats OK, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit

Listed by Neil Patel of PMI NVP Estates

Nearby School & Business

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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005, USA