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Top Floor Lake View Condo

200 Lake Boulevard #452 Buffalo Grove, IL 60089

Claim this Listing
For Sale
$325,000

Spacious 3-bedroom condo with lake views and updated features.

Type:Condominium
Property size:
1,800 SF
Price / SF:
$180.56/SF
Added:
Aug 20, 2025
Days on Market:
329
Last Refresh:
May 19 at 8:15 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 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


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Apartment 5plus
$317.4K
$277.7K – $370.3K (±1% cap)
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 (±1% cap)
NOI $43,502 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cambridge On the Lake Housing Authority Gascony Building, 200 ... Hotel & Motel

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Restaurant Bakery Grocery & Convenience Store Cafe & Coffee Shop Barber Shop (Bike/Boat/Book/etc) Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

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.
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