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.
Contingent
$774,900
625 Westmoreland Dr, Vernon Hills, IL 60061
8beds
--sqft
Multi Family
Built in 1962
-- sqft lot
$768,000 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story brick building
- 12 days
- 492
- 33
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jack Doyle 773-305-4858,
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
$768,000
$730,000 - $806,000
$1,748/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Contingent | $774,900 |
Source: | ||
| 8/17/2026 | Listed for sale | $774,900+9.9% |
Source: | ||
| 1/26/2026 | Sold | $705,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,630 +1.6% | $157,430 +16.7% |
| 2023 | $12,431 +20.7% | $134,916 +6% |
| 2022 | $10,297 +3.4% | $127,303 +20.5% |
| 2021 | $9,956 +1.9% | $105,674 +0.7% |
| 2020 | $9,767 +2.1% | $104,891 +0.4% |
| 2019 | $9,566 +6% | $104,504 +3.8% |
| 2018 | $9,025 | $100,668 +2.4% |
| 2017 | $9,025 +5.3% | $98,318 +4.4% |
| 2016 | $8,568 -19.6% | $94,147 +6.9% |
| 2015 | $10,656 +2.3% | $88,046 -18.1% |
| 2014 | $10,412 +1.8% | $107,483 -0.2% |
| 2012 | $10,227 +8.1% | $107,698 -5.2% |
| 2011 | $9,461 +6.8% | $113,549 -1% |
| 2010 | $8,855 +3.9% | $114,649 -5.3% |
| 2009 | $8,525 +8.4% | $121,002 +7.4% |
| 2008 | $7,865 +12.8% | $112,644 +9.4% |
| 2006 | $6,969 +6.1% | $102,987 |
| 2005 | $6,566 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 60061
Nearby schools
Schools provided by the listing agent
- High: Adlai E Stevenson High School
- District: 73
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.




