307 Somerset Lane 307, Vernon Hills, IL 60061

• 2 beds |
• 1 bath |
• 864 sqft

Property Description

Turnkey investment opportunity with immediate cash flow in highly desirable Vernon Hills! This income-producing property is currently leased for $2,025 per month through October 31, 2026, with the tenant expressing interest in extending the lease for an additional year-offering investors stable rental income from day one. This well-maintained 2-bedroom, 1-bath ranch features 864 square feet of comfortable single-level living with an open-concept floor plan, hardwood floors, a freshly painted kitchen, in-unit washer and dryer, and an attached one-car garage. Recent capital improvements include a new HVAC system (March 2026) and new water heater (October 2025), reducing future maintenance concerns. Kitchen appliances include the refrigerator, oven/range, microwave, and garbage disposal. The $400 monthly HOA includes lawn maintenance and snow removal, providing low-maintenance ownership, while residents also enjoy access to the community pool. Located within the highly regarded Hawthorn CCSD 73 and Community High School District 128, and just minutes from Hawthorn Mall, shopping, dining, and major commuter routes. Whether you're expanding your real estate portfolio or planning for future owner occupancy after the current lease, this property presents an outstanding opportunity in one of Vernon Hills' most sought-after communities.

Listing Status:

Active

Data Last Updated:

September 22, 2026 at 8:20PM

Listing Office:

PMI NVP Estates : 224-300-4234

Listing Agent:

Neil Patel : 224-300-4234

MLS ID:

12719299

Interior

• Rooms: No additional rooms
• Laundry: In Unit
• Basement: None
• A/C: Central Air
• Heating: Natural GasForced Air
• Disability Feature: None

Exterior

• Parking: ConcreteGarage OwnedAttachedDrivewayYesGarageParking spaces: 3

Location

• HOA Amenities: PoolLawn CareSnow Removal400.0Monthly
• Originating MLS: mred
• School District: 73
• County: Lake

Lot

• Zoning: 15054010050000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Condo