Top Floor Lake View
200 Lake Boulevard #452, Buffalo Grove, IL 60089
Spacious 3-bedroom condo with lake views and updated features.
Type:Condominium
Property size:
1,800 SFPrice / SF:
$180/SF- Added:
- Aug 20, 2025
- Days on Market:
- 270
- Last Refresh:
- Apr 5 at 8:29 pm
Property Features for 200 Lake Boulevard #452
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1971
Listing agent Clancy Green
Listing office Berkshire Hathaway HomeServices Starck Real Estate
Listing date Aug 20, 2025
Source Kw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Starck Real Estate
HighLights
- Largest top‑floor unit with 3 bedrooms and 2 baths in the desirable Cambridge on the Lake community.
- Serene water views from every window.
- Recently renovated bathrooms and redesigned kitchen with hardwood cabinetry and new refrigerator.
- HOA covers water, parking, lawn care, snow removal, and provides access to a pool, clubhouse, fitness center, and landscaped grounds with walking paths.
- Spacious bedrooms including a luxurious primary suite, and ample storage throughout.
- Convenient location close to top‑rated schools, shopping, dining, and major transportation routes.
Overview
Located in the desirable Cambridge on the Lake community, this top-floor residence features three bedrooms and two bathrooms. The home has been impeccably maintained and thoughtfully updated, offering water views from every window. A grand foyer with double closets leads to spacious bedrooms, including a primary suite. Both bathrooms have been recently renovated with timeless finishes. The family room includes a gas fireplace and updated windows that provide abundant natural light, while the formal dining room is suited for entertaining. The redesigned kitchen features hardwood cabinetry, a new refrigerator, generous counter space, and a breakfast nook. In-unit laundry and ample storage are available. The Homeowner's Association (HOA) provides access to landscaped grounds with ponds, walking paths, a pool, clubhouse, and fitness center. HOA coverage includes water, parking, lawn care, and snow removal. The property is close to schools, shopping, dining, and major transportation routes.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$246.8K
NOI $22,216 @ 9.00% cap · cautious / downside scenario
Moderate
$317.4K
NOI $22,216 @ 7.00% cap · market / base-case scenario
Aggressive
$444.3K
NOI $22,216 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $24.00 |
| − Vacancy | −$2.8k | −$1.56 |
| EGI | $40.4k | $22.44 |
| − OpEx | −$18.2k | −$10.10 |
| NOI | $22.2k | $12.34 |
1,800 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$621.5K
$543.8K – $725.0K
NOI $43,502 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cambridge On the Lake
Housing Authority
Gascony Building, 200 ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Buffalo Grove
- County
- Lake
- State
- Illinois
- Longitude
- -87.9539
- Latitude
- 42.1358
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Spacious 3-bedroom condo with lake views and updated features.
Where is this apartment building located?
The property is located at 200 Lake Boulevard #452 Buffalo Grove, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Largest top‑floor unit with **3 bedrooms and 2 baths** in the desirable Cambridge on the Lake community.; **Serene water views** from every window.; Recently renovated bathrooms and redesigned kitchen with hardwood cabinetry and new refrigerator.
