ACTIVEPrice Reduced

$565,000

$600,000
31 US Highway 45,Vernon Hills, IL 60061
5 Beds3 Baths57 days on market
31 US Highway 45·Vernon Hills, IL 60061
5Bedrooms
3Bathrooms
1951Year Built

About This Home

Don't miss this rare opportunity to own a fully renovated, high-income two-unit property in Vernon Hills offering exceptional flexibility and income potential. This property features a spacious main 3-bedroom, 2-bath home with a finished basement plus a private 2-bedroom, 1-bath apartment, each with its own entrance-ideal for house hacking, in-law living, or rental income. Both units have been fully rehabbed with modern kitchens, updated baths, new flooring, fresh paint, and updated mechanicals, making this a true move-in-ready investment or owner-occupant opportunity. Major capital items have already been addressed with 2 brand-new A/C units, a new water heater, brand-new windows throughout, a newly pumped water tank, a roof under 10 years old, and a brand-new sump pump, plus separate gas and electric utilities for each unit. The property also offers covered parking, additional driveway space, a generous lot, and is walkable to the Metra station, and is currently vacant and unleased so the new owner can move in or place tenants immediately.

MLS# MRD12547842Listed January 15, 2026Residential IncomeCape Cod

Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms18

Size & Structure

Garage Spaces2
Year Built1951
Lot Size0.430 acres

Location

CountyLake
TownshipVernon
Zip Code60061

Financial

List Price$565,000
Original Price$600,000
Annual Taxes (2024)$345
Monthly Tax Est.$29
Parcel #15082000320000

Interior Features

Heating

Natural GasForced Air

Basement

FinishedFull

Exterior & Lot

Construction Materials

Vinyl Siding

Roof

Asphalt

Foundation

Concrete Perimeter

Exterior Features

Balcony

Patio & Porch

Deck

Utilities & Parking

Sewer

Septic Tank

Water Source

Well

Parking Features

YesAttachedDrivewayOwnedGarage

Schools

Middle School
Hawthorn Middle School South
District: 73
High School
Vernon Hills High School
District: 128

Tax & Financial Info

Annual Taxes
$345
Tax Year 2024
Monthly Tax Est.
$29
per month
Price Reduced by $35,000
Original list price: $600,000

Property Location

Loading map…

31 US Highway 45, Vernon Hills, IL 60061Lake County

$565,000
31 US Highway 45
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts

57 days on market
2-car garage
0.430 acres
$345/yr taxes
Price reduced $35,000
$2,998
estimated monthly payment
Principal & Interest
$2,969/mo
Property Tax
$29/mo
$565,000
20% — $113,000
3%50%
6.875%
3%12%
Loan Amount
$452,000
Down Payment
$113,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
eXp Realty
Agent: Jay Patel
REALTOR® Logo
Equal Housing Opportunity Logo
Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.