Courtesy: Essex 312, LLC
773-305-4858
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.
Vernon Hills is located in Illinois. Vernon Hills, Illinois has a population of 26,723. Vernon Hills is more family-centric than the surrounding county with 42.43% of the households containing married families with children. The county average for households married with children is 36.27%.
The median household income in Vernon Hills, Illinois is $107,938. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Vernon Hills is 40.5 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 14.9 degrees. The average rainfall is approximately 35.1 inches per year, with 38.4 inches of snow per year.
