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$600,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 2 Car Garage
  • Updated 3 days ago
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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.

Full Property Details for 31 W US Hwy 45

General

  • Price: $600,000
  • Taxes: $345 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12547842
  • Updated: 1/15/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 4
  • Parking Features: Yes, Attached, Driveway, Owned, Garage

Location

  • Area: Indian Creek / Vernon Hills
  • County: Lake
  • Township: Vernon
  • Driving Directions: Head toward Deerpath Dr, Turn right at the 1st cross street onto Deerpath Dr, Turn left onto US-45 S

School Information

  • School District: 76
  • Elem School District: 76
  • Midd School District: 73
  • High School District: 128
  • Middle School: Hawthorn Middle School South
  • High School: Vernon Hills High School
  • Private School: Vernon Hills High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Well

Structural Information

  • Architectural Info: Cape Cod
  • Architectural Style: Cape Cod
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1951
  • Built Before 1978: Yes
  • Remodeled/Updated: 2025

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 17424
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1951
  • Tax Amount: $345
  • Tax Year: 2024
  • Pays Sewer: Septic Tank

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 15082000320000

Listed by eXp Realty

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— 31 W US Hwy 45 —

  • eXp Realty

(224) 522-1146

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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 31 W US Hwy 45

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
1-51.2 mi
Hawthorn School for Young Learners
637 North Aspen Drive, Vernon Hills, IL 60061
K-1.3 mi
Hawthorn Middle School South
600 North Aspen Drive, Vernon Hills, IL 60061
6-81.3 mi
Vernon Hills High School
145 Lakeview Parkway, Vernon Hills, IL 60061
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31 W US Hwy 45 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Listed
$600,000
109.79%
MLS
7/21/2025
Sold
$286,000
—
Public Record
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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 31 W US Hwy 45

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,101
1%
$57,858
6%
2023
$5,058
3%
$54,593
—
2022
$4,898
2%
$54,381
1%
2021
$4,822
2%
$53,794
—
2020
$4,727
—
$53,978
—
2019
$4,727
4%
$53,779
4%
2018
$4,550
2%
$51,805
2%
2017
$4,458
17%
$50,596
4%
2016
$3,796
2%
$48,449
7%
2015
$3,718
-2%
$45,309
—
2014
$3,812
-1%
$45,309
-1%
2013
$3,839
1%
$45,911
-4%
2012
$3,785
—
$47,934
—
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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31 W US Highway 45, Vernon Hills, IL 60061 (MLS# 12547842) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 31 W US Highway 45 is currently listed for $600,000 and was received on January 15, 2026. Want to learn more about 31 W US Highway 45? Do you have questions about finding other Multi-Family 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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