$774,900

625 Westmoreland Drive, Vernon Hills, IL 60061

Active Under Contract
8 beds 0 baths Built 1962 Residential Income MLS #MRD12734838 9 days on market
Listing courtesy of Essex 312, LLC · 773-305-4858 · dan@essex312.com · MLS #MRD12734838 · Status: Active Under Contract
Investment & Rehab Opportunity in Vernon Hills Investors and rehabbers-don't miss this exceptional value-add opportunity in Vernon Hills, located within the award-winning Stevenson High School District. This property is eligible for residential financing, offering buyers additional flexibility in their acquisition strategy. This solid two-story brick building features four units, with two units per floor. Each unit offers a functional layout with a living room/dining area, kitchen, two bedrooms, and one bathroom, along with two dedicated parking spaces. Each unit is separately equipped with its own furnace, central A/C unit, and hot water tank, providing convenient utility separation. Additional property amenities include individual basement storage closets and a coin-operated washer and dryer in the basement. At least one unit is in need of updating, presenting an excellent opportunity for an investor or rehabber to add value through renovations, improvements, and strategic repositioning. Current Tenancy One unit is occupied on a month-to-month lease Two units are currently leased through May One unit is currently vacant and available for immediate occupancy or a swift renovation, creating an opportunity to bring the unit to the top of the market The property is being offered strictly AS-IS. With a desirable Vernon Hills location, strong school district, dedicated parking, residential financing eligibility, and significant value-add potential, this property presents a compelling opportunity for an investor, owner-occupant, or rehabber looking to renovate and reposition a multifamily asset.

Property details

Interior

Basement
Unfinished, Full
Total rooms
20

Building & exterior

Age
61-70 Years
Exterior
Vinyl Siding, Brick

Parking

Total spaces
8
Parking details
Yes

Lot & location

Lot dimensions
70 X 117
Township
Libertyville
County
Lake

Utilities

Heating
Natural Gas
Water
Public
Sewer
Public Sewer

Schools

Elementary
(73)
Junior high
(73)
High school
Adlai E Stevenson High School (125)

Taxes & terms

Annual taxes
$14,043 (2025)
Parcel number (PIN)
15081130030000
PIN
15081130030000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
8/17/2026

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

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

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