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Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12690966MLS Provider

1181 Auburn Lane #1181Buffalo Grove, IL 60089

Condo/Townhouse · 2 Beds · 1 Full Bath · 1,034 Sq. ft.
$400,000 New

1181 Auburn Lane #1181 Overview

Time on Site:
17 hours
Visits:
0

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.

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1181 Auburn Lane #1181 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,034
  • Price/Sq.ft. $387

Details

General

Association/HOA

  • Association Amenities: Pool
  • Association Fee: $327.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

School Information

  • School District: 125
  • Elementary School: Willow Grove Kindergarten Ctr
  • Middle Or Junior School: Twin Groves Middle School
  • High School: Adlai E Stevenson High School

Building Information

  • New Construction: No
  • Year Built: 1985

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Buffalo Grove
  • Township: Vernon

Tax Information

  • Tax Annual Amount: $5,259.00
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 15323092120000
  • Pets Allowed: Number Limit
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

General Information

  • Basement: None
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Laminate
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Main Level,Washer Hookup,In Unit
  • Living Area: 1034
  • Living Area Source: Estimated
  • Other Equipment: TV-Cable
  • Rooms Total: 5
  • Stories Total: 1

Unit Information

  • Unit Number: 1181

Exterior

Parking Information

  • Parking Features: Yes, Attached, Garage
  • Parking Total: 1

Lot Information

  • Lot Size Dimensions: COMMON
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 12X12

Room: Dining Room

  • Level: Main
  • Dimensions: 10X10

Room: Kitchen

  • Level: Main
  • Dimensions: 10X10

Room: Laundry

  • Level: Main
  • Dimensions: 6X8

Room: Living Room

  • Level: Main
  • Dimensions: 13X20

Room: Master Bedroom

  • Level: Main
  • Dimensions: 11X14

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

1181 Auburn Lane #1181 Neighborhood

Community

60089 (BUFFALO GROVE) Demographics

42
Median Age
4,169
Population Density (per sq. mile)
73%
College Educated
$118,033
Estimated Median Income
12,083
Estimated Total Home Owners
3,174
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1181 Auburn Lane #1181 Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1181 Auburn Lane #1181 Market Data

Based on the last 30 days in this zip code

$492,644
Average List Price
$258
Average Price per Square Foot
51
Properties Sold
39
Average Days on Market
140
Properties for Sale
Calculations provided by Reliance Network

1181 Auburn Lane #1181 History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022