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$400,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 1 Full Bath
  • 1,034 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago
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One of the six units in this rare opportunity to acquire a six-unit condominium investment portfolio in Buffalo Grove, all located within the highly acclaimed Adlai E. Stevenson High School district. This package includes six separately deeded, fully occupied units generating immediate rental income. Four of the six units have been renovated, providing a strong balance of current value and future upside. Current rents are below market, offering significant potential for increased cash flow. At market rental rates, annual rental income could increase from approximately $151,200 to $165,600, representing an additional $14,400 per year (approximately 9.5% upside). A unique opportunity for investors seeking a turnkey portfolio in one of the North Shore's most desirable rental markets.

Full Property Details for 1181 Auburn Ln #1181

General

  • Price: $400,000
  • HOA FEE: $327/month
  • Taxes: $5,259 (2024)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: MRED
  • MLS ID: 12690966

Interior

  • Basement: None
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Pool
  • Equipment: Cable TV

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Yes, Attached, Garage

Location

  • Area: Buffalo Grove
  • County: Lake
  • Township: Vernon
  • Driving Directions: Arlington Hts. Rd North of Lake Cook Rd to Auburn East to property

School Information

  • School District: 96
  • Elem School District: 96
  • Midd School District: 96
  • High School District: 125
  • Elementary School: Willow Grove Kindergarten Ctr
  • Middle School: Twin Groves Middle School
  • High School: Adlai E Stevenson High School
  • Private School: Adlai E Stevenson High School

Community

  • Assoc. Fees Include: Water, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Number Limit
  • Pet Restrictions: Number Limit
  • Mgmt. Company: Real Manage

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Manor Home/Coach House/Villa
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement Desc.: None
  • Sub-Flooring: Laminate
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Square Feet: 1,034
  • Sq. Ft. Source: Estimated
  • Year Built: 1985
  • Remodeled/Updated: 2017

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Dimensions: COMMON

Animals

  • Animals Allowed: Number Limit

Financial Considerations

  • Association Fee: $327
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 1985
  • Tax Amount: $5,259
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 15323092120000

Listed by Compass

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— 1181 Auburn Ln #1181 —

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Schools serving 1181 Auburn Ln #1181

School Districts:Kildeer Countryside Community Consolidated School District 96, Adlai E. Stevenson High School District 125
NameGradesDistance
Ivy Hall Elementary School
1072 Ivy Hall Lane, Buffalo Grove, IL 60089
1-50.7 mi
Willow Grove Kindergarten Center
777 Checker Drive, Buffalo Grove, IL 60089
PK-K0.8 mi
Twin Groves Middle School
2600 North Buffalo Grove Road, Buffalo Grove, IL 60089
6-82.8 mi
Adlai E Stevenson High School
1 Stevenson Drive, Lincolnshire, IL 60069
9-123.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 1181 Auburn Ln #1181

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,259
6%
$66,459
9%
2024
$4,951
-2%
$60,825
8%
2023
$5,048
4%
$56,267
3%
2022
$4,853
2%
$54,415
1%
2021
$4,750
2%
$53,829
—
2020
$4,678
—
$54,012
—
2019
$4,678
19%
$53,813
15%
2018
$3,923
3%
$46,649
2%
2017
$3,797
4%
$45,560
4%
2016
$3,653
-12%
$43,627
7%
2015
$4,139
1%
$40,800
—
2014
$4,080
2%
$40,800
5%
2013
$3,982
3%
$38,695
-2%
2012
$3,850
—
$39,431
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1181 Auburn Ln #1181

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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1181 Auburn Lane #1181, Buffalo Grove, IL 60089 (MLS# 12690966) is a Condo / Townhouse property with 2 bedrooms and 1 full bathroom. 1181 Auburn Lane #1181 is currently listed for $400,000 and was received on June 29, 2026. Want to learn more about 1181 Auburn Lane #1181? Do you have questions about finding other Condo / Townhouse real estate for sale in Buffalo Grove? You can browse all Buffalo Grove real estate or contact a Coldwell Banker agent to request more information.

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