Active

$400,000

284 Appletree Ct #284, Buffalo Grove, IL 60089

2beds

861sqft

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Single Family Residence

Built in 1985

-- sqft lot

$-- Zestimate^®

$465/sqft

$331/mo HOA

What's special

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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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Balcony/Porch/Lanai

Primary bedroom

Features: Flooring (Carpet), Window Treatments (Blinds)
Level: Second
Area: 154 Square Feet
Dimensions: 14X11

Bedroom 2

Features: Flooring (Carpet), Window Treatments (Blinds)
Level: Second
Area: 110 Square Feet
Dimensions: 11X10

Balcony porch lanai

Level: Second
Area: 96 Square Feet
Dimensions: 16X6

Dining room

Features: Flooring (Carpet), Window Treatments (Blinds)
Level: Second
Area: 90 Square Feet
Dimensions: 10X9

Kitchen

Features: Kitchen (Eating Area-Table Space, Pantry-Closet, Custom Cabinetry, Updated Kitchen), Flooring (Ceramic Tile)
Level: Second
Area: 100 Square Feet
Dimensions: 10X10

Laundry

Features: Flooring (Vinyl)
Level: Second
Area: 40 Square Feet
Dimensions: 8X5

Living room

Features: Flooring (Carpet), Window Treatments (Blinds)
Level: Second
Area: 228 Square Feet
Dimensions: 19X12

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Laundry: Upper Level, Washer Hookup

Features

Cathedral Ceiling(s), Walk-In Closet(s), Pantry
Basement: None

Interior area

Total structure area: 0
Total interior livable area: 861 sqft

Property

Parking

Total spaces: 1
Parking features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Attached garage spaces: 1
Has uncovered spaces: Yes

Accessibility

Accessibility features: No Disability Access

Features

Exterior features: Balcony
Pool features: In Ground
Has view: Yes
View description: Back of Property
Has water view: Yes
Water view: Back of Property

Details

Parcel number: 15323090530000
Special conditions: None

Construction

Type & style

Home type: Condo
Property subtype: Single Family Residence

Materials

Vinyl Siding, Brick

Condition

New construction: No
Year built: 1985

Details

Builder model: POPLAR

Utilities & green energy

Sewer: Public Sewer
Water: Lake Michigan

Community & HOA

Community

Subdivision: Lexington In The Park

HOA

Has HOA: Yes
Amenities included: Party Room, Sundeck, Pool, Clubhouse, School Bus
Services included: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
HOA fee: $331 monthly

Location

Region: Buffalo Grove

Financial & listing details

Price per square foot: $465/sqft
Annual tax amount: $2,948
Ownership: Condo

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/17/2025	Listing removed	$2,450$3/sqft
Source: Zillow Rentals Report a problem
2/10/2025	Listed for rent	$2,450$3/sqft
Source: Zillow Rentals Report a problem
3/1/2024	Sold	$235,000$273/sqft
Source: MRED as distributed by MLS GRID #11968124 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 60089

Getting around

39 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

9/10
Ivy Hall Elementary School
Grades: 1-5Distance: 0.7 mi
8/10
Twin Groves Middle School
Grades: 6-8Distance: 2.7 mi
9/10
Adlai E Stevenson High School
Grades: 9-12Distance: 3.4 mi

Schools provided by the listing agent

Elementary: Ivy Hall Elementary School
Middle: Twin Groves Middle School
High: Adlai E Stevenson High School
District: 96

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.