About 1181 Auburn Lane 1181
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 1181 Auburn Lane 1181
| MLS® # | 12690966 |
|---|---|
| Price | $400,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,034 |
| Year Built | 1985 |
| Type | Residential |
| Sub-Type | Attached Single |
| MRD Type | Manor Home/Coach House/Villa |
| Status | Active |
| HOA Fees | $327 |
| HOA Fees Freq. | Monthly |
| Taxes | $5,526 |
Community Information
| Address | 1181 Auburn Lane 1181 |
|---|---|
| Area | Buffalo Grove |
| City | Buffalo Grove |
| County | Lake |
| State | IL |
| Zip Code | 60089 |
Amenities
| Amenities | Pool |
|---|---|
| Parking Spaces | 1 |
| Parking | Yes, Attached, Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| New Construction | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Vinyl Siding, Brick |
|---|
School Information
| District | 125 |
|---|---|
| Elementary | Willow Grove Kindergarten Ctr |
| 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 |
|---|