307 Somerset Lane #307, Vernon Hills, IL 60061

Vernon Hills
Local realty services provided by:ERA Partners
307 Somerset Lane #307,Vernon Hills, IL 60061
$219,000
  • 2 Beds
  • 1 Baths
  • 864 sq. ft.
  • Condominium
  • Active
Listed by: neil patel
Office: pmi nvp estates
MLS#:12719299
Source:MLSNI

Price summary

  • Price:$219,000
  • Price per sq. ft.:$253.47
  • Monthly HOA dues:$400

About this home

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...

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Home facts

  • Year built:1975
  • Listing ID #:12719299
  • Updated:October 06, 2026 at 11:28 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:5
  • Living area:864 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1975
  • Building area:864 sq. ft.

Schools

  • High school:Vernon Hills High School

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$219,000
  • Price per sq. ft.:$253.47
  • Tax amount:$3,736 (2025)

Parking

  • Total parking spaces:3
  • Parking description:Attached Garage, Concrete, Driveway, Garage
  • Garage:Yes
  • Garage spaces:1
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior

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