$400,000

1181 Auburn Lane #1181, Buffalo Grove, IL 60089

Active
2 beds 1 baths 1,034 sqft (estimated) Built 1985 Residential MLS #MRD12690966 23 days on market
Listing courtesy of Compass · 312-319-1168 · MLS #MRD12690966 · 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

Flooring
Laminate
Basement
None
Laundry
Main Level, Washer Hookup, In Unit
Additional rooms
No additional rooms
Total rooms
5

Building & exterior

Age
41-50 Years
Stories
1
Entry level
1
Exterior
Vinyl Siding, Brick

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
Public Sewer
Electricity
Circuit Breakers
Equipment
TV-Cable

HOA & community

Assessment
$327 / monthly
Assessment includes
Water, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Amenities
Pool
Pets
Number Limit

Schools

Elementary
Willow Grove Kindergarten Ctr (96)
Junior high
Twin Groves Middle School (96)
High school
Adlai E Stevenson High School (125)

Taxes & terms

Annual taxes
$5,259 (2024)
Parcel number (PIN)
15323092120000
PIN
15323092120000
Ownership
Condo
Possession
Closing
Special conditions
None
Listed
6/29/2026

Rooms

RoomSizeLevelFlooring
Bedroom 212X12MainWood Laminate
Bedroom 3N/A
Bedroom 4N/A
Dining Room10X10MainWood Laminate
Family RoomN/A
Kitchen10X10MainCeramic Tile
Laundry6X8MainCeramic Tile
Living Room13X20MainWood Laminate
Master Bedroom11X14MainWood Laminate

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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