307 Somerset Lane #307
Vernon Hills, IL 60061
2
Bed
1
Bath
864Sqft
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.
Property Details
Map
Map
Features
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Bedroom Information
Total Bedroom: 2 Room Types: No additional roomsBathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 5 -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Lake Michigan
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Building Information
Year Built: 1975
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Lot Information
Lot Dimensions: CommonProperty Information
Property Type: Residential Sub Type: Attached Single Type Attached: Condo
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Listing Price Information
Original List Price:$219000
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Tax Information
Annual Tax: $3736 Tax Year: 2025 Parcel Number: 15054010050000
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Parking Information
Total Parking: 3 Concrete, Garage Owned, Attached, Driveway, Yes, Garage Is Parking Included in Price: YesGarage Information
Garage Space: 1Homeowners Association Information
Included Fees: Pool, Lawn Care, Snow Removal HOA: $400.00 Monthly
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School Information
Senior High School: Vernon Hills High School -
Utility Information
Sewer: Public Sewer Water Source: Lake Michigan -
Location Information
City: Vernon Hills Direction: From IL-60 (Townline Rd) & Butterfield Rd (IL-21): Head north on Butterfield Rd (IL-21) Turn east (right) onto Plymouth Farms Rd Turn north (left) onto Somerset Ln Property is on the left
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1293 Georgetown Way, Vernon Hills, IL, 60061 | $515,000 | 3 | 3 | 2,463 | 2,463 SqFt |
| 1195 Georgetown Way, Vernon Hills, IL, 60061 | $550,000 | 4 | 4 | 2,447 | 2,447 SqFt |
| 159 Saratoga Court, Vernon Hills, IL, 60061 | $379,900 | 4 | 3 | 2,193 | 2,193 SqFt |
| 312 Camargo Court, Vernon Hills, IL, 60061 | $1,000,000 | 4 | 5 | 4,093 | 4,093 SqFt |
| 6 S Deerpath Drive, Vernon Hills, IL, 60061 | $560,000 | 4 | 3 | 2,018 | 2,018 SqFt |
| 208 Albert Drive, Vernon Hills, IL, 60061 | $419,900 | 3 | 2 | 2,100 | 2,100 SqFt |
| 439 Bay Tree Circle, Vernon Hills, IL, 60061 | $519,000 | 3 | 4 | 2,601 | 2,601 SqFt |
| 515 Superior Street, Vernon Hills, IL, 60061 | $715,000 | 3 | 3 | 2,508 | 2,508 SqFt |
| 622 Grosse Pointe Circle, Vernon Hills, IL, 60061 | $340,000 | 3 | 2 | 1,603 | 1,603 SqFt |
| 1155 Georgetown Way, Vernon Hills, IL, 60061 | $514,900 | 3 | 3 | 2,478 | 2,478 SqFt |
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ByOwner last updated this listing 07/31/2026 @ 18:20
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