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Rich Ayers

rich@ayersteam.com +1(630) 430-5927

$774,900

Est. payment - /mo

8 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12734838

Bedrooms 8

Year Built 1962

Annual Tax Amount $14,043

Tax Year 2025

Lot Dimensions 70 X 117

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Lake

Area Indian Creek / Vernon Hills

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Brick, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Brick

New Construction false

Schools

High Schools Adlai E Stevenson High School

School District 73 , 73, 125

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Jack Doyle of Essex 312, LLC

NEARBY SCHOOLS & PROPERTIES

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Rich Ayers

+1(630) 430-5927

Team Lead | Realtor | License ID: 471.001732

Team Lead | Realtor License ID: 471.001732

625 Westmoreland DR Vernon Hills, IL 60061

Rich Ayers

Key Details

Location

Rooms

Interior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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625 Westmoreland DR