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$400,000
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Property Description
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
Full Property Details for MLS# 12690944
General
- Price: $400,000
- HOA FEE: $355/month
- Taxes: $6,397 (2024)
- Status: Active
- Type: Condo /Townhouse
- Source: MRED
- MLS ID: 12690944
Interior
- Basement: None
- Interior Features: 1st-Floor Bedroom
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Pool
- Equipment: Ceiling Fan(s)
- Other Features: School Bus Service
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Buffalo Grove
- County: Lake
- Township: Vernon
- Subdivision: Lexington in the Park
- Driving Directions: Arlington Heights Rd to Auburn, East to 1032
School Information
- School District: 96
- Elem School District: 96
- Midd School District: 96
- High School District: 125
- Elementary School: Ivy Hall Elementary School
- 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: Cats OK, Dogs OK, Number Limit
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, / 999lbs.
- Mgmt. Company: ROWELL
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: Aluminum Siding, Brick
- Exterior Const.: Aluminum Siding, Brick
- Basement Desc.: None
- Entry Floor Number: 1
- Stories/Levels: 2
- Square Feet: 931
- Sq. Ft. Source: Assessor
- Year Built: 1985
Unit Information
- Units in Building: 4
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Cul-De-Sac
Animals
- Animals Allowed: Cats OK, Dogs OK, Number Limit
Financial Considerations
- Association Fee: $355
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1985
- Tax Amount: $6,397
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Special Conditions: Home Warranty
- Property ID: 15323091590000
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Schools
Schools serving MLS# 12690944
School Districts:Adlai E. Stevenson High School District 125, Kildeer Countryside Community Consolidated School District 96
| Name | Grades | Distance |
|---|---|---|
Willow Grove Kindergarten Center 777 Checker Drive, Buffalo Grove, IL 60089 | PK-K | 0.7 mi |
Ivy Hall Elementary School 1072 Ivy Hall Lane, Buffalo Grove, IL 60089 | 1-5 | 0.7 mi |
Twin Groves Middle School 2600 North Buffalo Grove Road, Buffalo Grove, IL 60089 | 6-8 | 2.7 mi |
Adlai E Stevenson High School 1 Stevenson Drive, Lincolnshire, IL 60069 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for MLS# 12690944
MLS# 12690944, Buffalo Grove, IL 60089 (MLS# 12690944) is a Condo / Townhouse property with 2 bedrooms and 1 full bathroom. MLS# 12690944 is currently listed for $400,000 and was received on June 29, 2026. Want to learn more about MLS# 12690944? 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.

