Corcoran Urban Real Estate
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7 Properties Within 0.5 miles of: 284 Appletree, Buffalo Grove

284 Appletree Unit 284
Buffalo Grove, IL 60089

  • 2 Beds
  • 1 Baths
  • 861 Sq. Ft.
  • Built In 1985
Price

$400,000

Est Payment
$2,597 / month (details)  
Taxes
$2,948  
Assessments
$331  
Beds
2  
Baths
1  
Rooms
5  
Type
Attached  
Sq. Ft.
861  
Built
1985  
Neighborhood
Buffalo Grove  
MLS
#12690931
Status
Active

Property Description

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 Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Second
Carpet
19X12
Dining Room
Second
Carpet
10X9
Kitchen
Second
Ceramic Tile
10X10
Family Room
N/A
Laundry
Second
Vinyl
8X5
Master Bedroom
Second
Carpet
14X11
Bedroom 2
Second
Carpet
11X10
Bedroom 3
N/A
Bedroom 4
N/A
Balcony/Porch/Lanai
Second
16X6

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling Central Air
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Assessment Includes
Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Common Amenities
Party Room, Sundeck, Pool, Clubhouse, School Bus
Interior Features
Cathedral Ceiling(s), Walk-In Closet(s), Pantry
Exterior Features
Balcony
Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Pets Allowed
Cats OK, Dogs OK, Number Limit
Sub/Complex
Lexington in the Park
Parking
1 Garage Spaces, Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage, Parking included in price
Schools
Adlai E Stevenson High School (125), Twin Groves Middle School (96), Ivy Hall Elementary School (96)

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Nearby Transportation

  • Hwy 53 South 1.9 mi
  • Hwy 53 North 3.4 mi
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