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$219,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 864 Sq. Ft.
  • 1 Car Garage
  • Updated 9 hours ago
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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.

Full Property Details for 307 Somerset Ln #307

General

  • Price: $219,000
  • HOA FEE: $400/month
  • Taxes: $3,736 (2025)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12719299
  • Updated: 7/30/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service, Non-Smoking Building

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 3
  • Parking Features: Concrete, Garage Owned, Attached, Driveway, Yes, Garage

Location

  • Area: Indian Creek / Vernon Hills
  • County: Lake
  • Township: Vernon
  • Driving Directions: 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

School Information

  • School District: 73
  • Elem School District: 73
  • Midd School District: 73
  • High School District: 128
  • High School: Vernon Hills High School
  • Private School: Vernon Hills High School

Community

  • Assoc. Fees Include: Pool, Lawn Care, Snow Removal
  • Pets Allowed: Yes
  • Pets: Additional Pet Rent, Cats OK, Dogs OK, Neutered and/o
  • Pet Restrictions: Additional Pet Rent, Cats OK, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit
  • Mgmt. Company: PMI NVP Estates

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Condo
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: None
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Square Feet: 864
  • Sq. Ft. Source: Assessor
  • Year Built: 1975
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 1

Lot Features

  • Lot Dimensions: Common

Animals

  • Animals Allowed: Additional Pet Rent, Cats OK, Dogs OK, Neutered and/o

Financial Considerations

  • Association Fee: $400
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 1975
  • Tax Amount: $3,736
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 15054010050000

Listed by PMI NVP Estates

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— 307 Somerset Ln #307 —

  • PMI NVP Estates

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 307 Somerset Ln #307

School Districts:Hawthorn Community Consolidated School District 73, Libertyville Community High School District 128
NameGradesDistance
Hawthorn Elementary School South
430 North Aspen Drive, Vernon Hills, IL 60061
1-50.2 mi
Hawthorn School for Young Learners
637 North Aspen Drive, Vernon Hills, IL 60061
K-0.4 mi
Hawthorn Middle School South
600 North Aspen Drive, Vernon Hills, IL 60061
6-80.3 mi
Vernon Hills High School
145 Lakeview Parkway, Vernon Hills, IL 60061
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 307 Somerset Ln #307 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/29/2026
Listed
$219,000
75.2%
MLS
1/11/2021
Sold
$125,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 307 Somerset Ln #307

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,545
2%
$51,616
8%
2024
$3,459
9%
$47,703
6%
2023
$3,166
3%
$45,012
12%
2022
$3,059
2%
$40,033
1%
2021
$3,013
2%
$39,601
—
2019
$2,960
—
$39,590
—
2020
$2,960
46%
$39,736
37%
2018
$2,022
3%
$29,024
2%
2017
$1,969
4%
$28,347
4%
2016
$1,891
3%
$27,145
7%
2015
$1,834
42%
$25,386
—
2014
$1,294
-1%
$25,386
30%
2013
$1,304
1%
$19,549
-3%
2012
$1,288
—
$20,203
—
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.

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307 Somerset Lane #307, Vernon Hills, IL 60061 (MLS# 12719299) is a Condo property with 2 bedrooms and 1 full bathroom. 307 Somerset Lane #307 is currently listed for $219,000 and was received on July 29, 2026. Want to learn more about 307 Somerset Lane #307? Do you have questions about finding other Condo real estate for sale in Vernon Hills? You can browse all Vernon Hills real estate or contact a Coldwell Banker agent to request more information.

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