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307 Somerset Lane, Unit 307, Vernon Hills, IL 60061

$219,000
  • 307 Somerset Lane, Unit 307, Vernon Hills, IL 60061 Main Photo

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New to the Market New
BEDS2 BATHS1 full SQUARE FEET864 MLS#12719299
STATUSNew PROPERTY TYPEResidential - Condominium SCHOOLDistrict 128

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.

307 Somerset Lane, Unit 307 | MLS# 12719299

This condo located at 307 Somerset Lane, Unit 307, Vernon Hills, IL 60061 is currently listed for sale with an asking price of $219,000. This property was built in 1975 and has 2 bedrooms and 1 full baths with 864 sq. ft. Somerset Lane, Unit 307 is located within the District 128 school district. Search Vernon Hills real estate on jberry.gogambino.com today.

Property Features

Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Natural Gas, Forced Air
Lot Size: Common
Stories: 1.0
Taxes: $3,736
Year Built: 1975

Feature Descriptions

Additional rooms: No additional rooms
Association Includes: Pool, Lawn Care, Snow Removal
Exterior: Vinyl Siding
HOA Fee: 400/ Monthly
Laundry: In Unit
Lot Dimensions: Common
Parcel#: 15054010050000
Parking: Concrete, Garage Owned, Attached, Driveway, Yes, Garage
Pet Allowed: Additional Pet Rent, Cats OK, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit
Sewer: Public Sewer
Total Rooms: 5
Township: Vernon
Water: Lake Michigan

Room Sizes

Bedroom 2: 12X10
Dining Room: COMBO
Kitchen: 8X8
Laundry: 3X8
Living Room: 16X15
Primary Bedroom: 16X10

Local Schools

High School: Vernon Hills High School
School District: District 128

Listed By / Shown By

Listed By

Agency Name: PMI NVP Estates
Agency Phone: 224-300-4234

Shown By

Agent Name: Jennifer Berry
Agent Phone: (815) 871-6156
Agency Title: Gambino Realtors

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Estimated Payment

$ 1,369.97 per month $994.77 Principal & Interest $311.33 Property Tax $63.88 Homeowner's Insurance

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