307 Somerset Lane #307, Vernon Hills, IL 60061

Vernon Hills
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
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:August 07, 2026 at 10:51 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
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