Active

$219,000

307 Somerset Lane, Vernon Hills, IL 60061
2 Beds1 Baths0 sqft7 days
307 Somerset Lane·Vernon Hills, IL 60061
2Bedrooms
1Bathrooms
0Sq Ft
1975Year Built
About This Home

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.

MLS# 12719299Listed July 29, 2026Residential
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms5

Size & Structure

Living Area0 sqft
Stories1
Garage Spaces1
Year Built1975
Lot SizeCommon

Location

CountyLake
TownshipVernon
Zip Code60061

Financial

List Price$219,000
Annual Taxes (2025)$3,736
Monthly Tax Est.$311
Parcel #15054010050000
Interior Features

Heating

Natural GasForced Air

Cooling

Central Air

Basement

None

Laundry

In Unit
Exterior & Lot

Construction

Vinyl Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

ConcreteGarage OwnedAttachedDrivewayYesGarage
HOA & Community
HOA Fee
$400
Monthly

HOA Includes

PoolLawn CareSnow Removal
Schools
High School
Vernon Hills High School
District: 128
Tax & Financial
Annual Taxes
$3,736
Tax Year 2025
Monthly Tax Est.
$311
per month
Property Location

307 Somerset Lane, Vernon Hills, IL 60061 — Lake County

$219,000
307 Somerset Lane
2 bd1 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
1-car garage
Common
$3,736/yr taxes
$400 HOA (monthly)
$1,862
estimated monthly payment
Principal & Interest
$1,151/mo
Property Tax
$311/mo
HOA
$400/mo
$219,000
20% — $43,800
3%50%
6.875%
3%12%
Loan Amount
$175,200
Down Payment
$43,800

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

Listed by
PMI NVP Estates
Agent: Neil Patel
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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