About This Home
This 2-bedroom, 1-bathroom condo at 1181 Auburn Lane in Buffalo Grove, IL is listed for $400,000 ($387 per sqft). Built in 1985, the home offers 1,034 sqft of living space on a N/A lot.
Key Features
- Built in 1985
- 1 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$2,466/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1181 Auburn Lane
Buffalo Grove, IL 60089
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom condo at 1181 Auburn Lane is listed at $400,000 ($387/sqft). The estimated monthly payment is $2,467 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $327/month.
Key features include: Built in 1985, 1 parking spaces.
This property is listed by Alexandre Stoykov.
Alexandre Stoykov
Agent at Compass
