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.
9 days
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485
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33
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jack Doyle773-305-4858,
Essex 312, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12734838
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Heating
Natural Gas
Features
Basement: Unfinished,Full
Property
Parking
Total spaces: 8
Parking features: Yes
Lot
Size: 8,190 Square Feet
Dimensions: 70 X 117
Details
Parcel number: 15081130030000
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Vinyl Siding, Brick
Condition
New construction: No
Year built: 1962
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Vernon Hills
Financial & listing details
Tax assessed value: $404,789
Annual tax amount: $14,043
Date on market: 8/17/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$749,400
Estimated sales range
$712,000 - $787,000
Rent Zestimate®
$2,816/mo
Price history
Date
Event
Price
8/25/2026
Contingent
$774,900
Source: MRED as distributed by MLS GRID #12734838Report a problem
8/17/2026
Listed for sale
$774,900+9.9%
Source: MRED as distributed by MLS GRID #12734838Report a problem
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.