About 1032 Auburn Lane
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.
Features of 1032 Auburn Lane
| MLS® # | 12690944 |
|---|---|
| Price | $400,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 931 |
| Year Built | 1985 |
| Type | Residential |
| Sub-Type | Attached Single |
| MRD Type | Manor Home/Coach House/Villa |
| Status | Active |
| HOA Fees | $355 |
| HOA Fees Freq. | Monthly |
| Taxes | $6,636 |
Community Information
| Address | 1032 Auburn Lane |
|---|---|
| Area | Buffalo Grove |
| Subdivision | Lexington in the Park |
| City | Buffalo Grove |
| County | Lake |
| State | IL |
| Zip Code | 60089 |
Amenities
| Amenities | Pool |
|---|---|
| Parking Spaces | 1 |
| Parking | Garage Door Opener, Yes, Garage Owned, Attached, Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| New Construction | No |
| Has Pool | No |
Interior
| Interior Features | 1st Floor Bedroom |
|---|---|
| Appliances | Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal |
| Heating | Natural Gas, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Aluminum Siding, Brick |
|---|---|
| Lot Description | Cul-De-Sac |
School Information
| District | 125 |
|---|---|
| Elementary | Ivy Hall Elementary School |
| Middle | Twin Groves Middle School |
| High | Adlai E Stevenson High School |
Additional Information
| Days on Market | 66 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|