$400,000

257 Ashland Court #257, Buffalo Grove, IL 60089

Active
2 beds 1 baths 1,000 sqft (estimated) Built 1986 Residential MLS #MRD12690890 23 days on market
Listing courtesy of Compass · 312-319-1168 · MLS #MRD12690890 · Status: Active
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.

Property details

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Humidifier
Basement
None
Laundry
Washer Hookup
Additional rooms
Utility Room-2nd Floor, Screened Porch
Total rooms
5

Building & exterior

Age
31-40 Years
Stories
2
Entry level
2
Exterior
Aluminum Siding
Exterior features
Balcony
Roof
Asphalt
Foundation
Concrete Perimeter
Windows
Screens
Exposure
East

Parking

Garage spaces
1
Total spaces
1
Parking details
Yes, Attached, Garage

Lot & location

Lot dimensions
COMMON
Township
Vernon
County
Lake

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Water
Lake Michigan
Sewer
Storm Sewer
Electricity
Circuit Breakers

HOA & community

Assessment
$331 / monthly
Assessment includes
Parking, Insurance, Pool, Lawn Care, Scavenger, Snow Removal, Other
Amenities
Pool
Pets
Size Limit

Schools

Elementary
(96)
Junior high
(96)
High school
(125)

Taxes & terms

Annual taxes
$6,283 (2024)
Parcel number (PIN)
15323090050000
PIN
15323090050000
Ownership
Condo
Possession
Closing
Special conditions
None
Listed
6/29/2026

Rooms

RoomSizeLevelFlooring
Utility Room-2nd Floor3X3Second
Screened Porch4X6Main
Bedroom 210X10SecondCarpet
Bedroom 3N/A
Bedroom 4N/A
Dining Room9X9Second
Family RoomN/A
Kitchen10X9SecondCeramic Tile
LaundryN/A
Living Room19X12Second
Master Bedroom14X11SecondCarpet

What would this home cost per month?

Using this listing's actual tax bill (2024) and actual HOA assessment — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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