$210,000
●
Condo -
Off Market
7035 Buchanan Drive #175
Gurnee, IL 60031
2 Beds
1 Bath
1,048 Ft²
$1,662
Est. Monthly
$215
HOA / Fees
8.74%
Cap Rate
About This Property
Light and bright second floor 2 bedroom 1 bath 2 car garage corner
unit condo in the Villas of Stonebrook. Condo features an open
floor plan with a spacious living area with vaulted ceiling and
walk out balcony. Living room also has a gas fireplace that is
currently paneled over. (It will require some repair or maintenance
if buyer decides to reopen the fireplace.) Kitchen features a
skylight, great counterspace and a new Fisher & Paykel dishwasher.
Spacious bedrooms with large closets. The attached two-car garage
has room for extra storage! Furnace, water, heater, and humidifier
new in 2020. New washer & dryer in 2023. Newer hardwood floors
throughout most of the condo as well. Units can be rented (No
rental cap. $300 annual fee required paid in January to the HOA).
An exceptional opportunity. See it today.
Unit Size
1,048 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
Condo
Property Taxes
$416
HOA Dues
$215
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MRED MLS #12182216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 25, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Listed by Redfin Corporation | $239,900 | |
| Listed by Redfin Corporation | |||
| | |||
|
This end unit home is updated and ready for you to move right in. From the newly updated kitchen with new appliances, slider and counter tops to the updated bathroom, this light and bright condo has it all. New Furnace and water heater in 2020. Roof with new vents in 2024. Huge 2 car garage with large tandem storage area. Freshly painted. This location is convenient to everything...
| |||
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 11, 2024 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Total Number of Parking: 2
Garage Spaces: 2
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Interior Features: Skylight(s), Storage
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Rooms: 5
Fireplace Features: Gas Log
Fireplaces: 1
Basement: None
Basement Description: Slab
Exterior Details
Ownership: Condo
Exterior Building Type: Vinyl Siding, Brick
Age: 26-30 Years
Rebuilt(Y/N): No
Parcel Number: 07171070360000
Property Type: Residential
Year Built: 1995
Roof: Asphalt
No Disability Access
Special Conditions: None
Exterior Features: Balcony
Lot Size Dimensions: COMMON
Water Source: Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $4,991
Tax Exemptions: Homeowner
Utilities Details
Cooling: Central Air
Heating: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
Township: Warren
Corporate Limits: Gurnee
Directions: Grand & Stonebrook, S2 Camden, to Hamilton, to Buchanan (on corner).
County or Parish: Lake
Elementary School District: 50
Elementary School: Woodland Elementary School
Middle Or Junior School District: 50
Middle Or Junior School: Woodland Middle School
High School District: 121
High School: Warren Township High School
Other Details
Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $215
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/03/2025
|
2 Bed
|
1 Bath
|
1048 ft²
|
$239,900
2 Bed
1 Bath
1048 ft²
|
$237,000
-1.21%
01/23/2026
|
Sean Hayden
Redfin Corporation
| |
|
10/07/2024
|
2 Bed
|
1 Bath
|
1048 ft²
|
$209,900
2 Bed
1 Bath
1048 ft²
|
$210,000
+0.05%
10/30/2024
|
Scott Paul
RE/MAX Suburban
|
Building Info
About Stonebrook Crossing
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Listed by: Scott Paul, RE/MAX Suburban
Last Updated: 2 years ago
Data Source: MRED, MLS# 12182216
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12182216
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