307 Somerset Lane 307, Vernon Hills, IL, 60061
$219,000
2
Beds
1
Bath
864
Square feet
About 307 Somerset Lane 307
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.
Additional Information: This property is located in the Indian Creek / Vernon Hills neighborhood, IL. This 2 bedrooms attached single property is priced at $253/sqft.
Facts & Features
| MLS® # | 12719299 |
|---|---|
| Price | $219,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 864 |
| Price per Square Footage | $253.47 |
| Taxes | $3,736 |
| HOA Fees | $400 |
| HOA Fees Freq. | Monthly |
| Year Built | 1975 |
| Type | Residential |
| Sub-Type | Attached Single |
| Status | Active |
Community Information
| Address | 307 Somerset Lane 307 |
|---|---|
| Area | Indian Creek / Vernon Hills |
| City | Vernon Hills |
| County | Lake |
| State | IL |
| Zip Code | 60061 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Concrete, Garage Owned, Attached, Driveway, Yes, Garage |
| # of Garages | 1 |
| Is Waterfront | 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 |
|---|
School Information
| District | 128 |
|---|---|
| High | Vernon Hills High School |
Additional Information
| Days on Market | 7 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $3,736 |
Listing Details
| Office | PMI NVP Estates |
|---|