Cambridge On The Lake

250 Lake Boulevard, Buffalo Grove, IL, 60089

Cambridge on the LakeCommunity

Units for Sale

Front view of a multi-story apartment building with brick and white facade.

View Listing

MLS ID #12275646

View Listing MLS ID #12275646

Front view of a multi-story building with a brick facade and large windows.

View Listing MLS ID #12169828

Front view of a multi-story brick building with a main entrance and circular driveway.

View Listing MLS ID #12275646

Year Built

1971

# Stories

# Total Units

Unit Size Range

1,825-1,925 sqft

Unit Demand

Low

Unit Availability

Low

Building Description
Cambridge On The Lake is a four-story condominium building constructed in 1971, located at 250 Lake Boulevard. This property offers 1 and 2-bedroom units with waterfront views, enhancing its serene setting. Unit prices range from $284,000 to $267,500, providing varied options for prospective buyers. The building's amenities emphasize convenience and recreational opportunities. Residents have access to an indoor pool, sauna, and health club, perfect for fitness enthusiasts. The exercise room and sauna add to the health-focused facilities available within the premises. There is also a dedicated intercom system for communication and service elevators for ease of movement. The private laundry hookups enhance the living experience further. For recreational activities, the property features a sundeck, patio, and picnic area, ideal for enjoying the outdoors. The clubhouse and party room provide space for gatherings and social events. The onsite bike room and trails cater to those who enjoy cycling. An in-ground pool and spa/hot tub offer relaxation options. The inclusion of a park and nearby school bus routes caters to the needs of families. This property stands out for its comprehensive urban amenities while offering tranquil water views.

View Listing

MLS ID #12275646

View Listing MLS ID #12275646

View Listing MLS ID #12169828

View Listing MLS ID #12275646

Amenities

Parking

Locker

Concierge

Elevator

Central AC

Pool

Fitness Center

Visitors Parking

Building Policies

Pet Allowed

Short-term Rental Allowed

BBQ Permitted

Sublet Allowed

Cambridge On The Lake Market Report (last 12 months)

Avg. List Price

$233,675 ($199/Sqft.)

Year-Over-Year List Price

0.02%

Total Listings

Avg. Days On Market

Avg. Sale Price

$229,375 ($195/Sqft.)

Year-Over-Year Sale Price

0.04%

Total Sold

Avg. HOA Fees/Sqft

$3 /monthly

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About Cambridge On The Lake

Condo Living at Cambridge On The Lake, located at 250 LAKE BOULEVARD,BUFFALO GROVE,IL:

Welcome to Cambridge On The Lake, a charming condo community nestled in the heart of Buffalo Grove. Built in 1971, this four-story building combines classic architecture with modern living, making it a fantastic choice for first-time homebuyers. The inviting atmosphere and serene water views immediately set the stage for a peaceful lifestyle. Imagine unwinding after a long day, with a cozy home that offers an escape from the hustle and bustle of daily life.

Building Features and Unit Availability:

Cambridge On The Lake features a total of 41 units, offering a cozy community feel. While unit availability is currently low, there’s a great opportunity to snag a space ranging from 1,825 to 1,925 square feet. With an average closed price of $229,375 and a price per square foot of $195, this building represents a sweet spot in the market, especially appealing to young buyers looking to invest in their first home. The charm of owning a home here is enhanced by the fact that it’s a sought-after building, with homes typically staying on the market for only about 37 days.

Amenities You'll Love:

Living at Cambridge On The Lake means enjoying some fantastic amenities designed to enhance your lifestyle. Whether you’re looking to take a dip in the indoor pool or hit the exercise room for an energizing workout, there’s something for everyone. You can also relax in the sauna after a long day or host gatherings in the clubhouse and party room. With trails for scenic walks, picnic areas to enjoy sunny afternoons, and even a bike room, you’ll have plenty of ways to stay active and engaged with your community.

Based on information submitted to the MRED as of Mar 2, 2025 at 8:03:23 AM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Midwest Real Estate Data LLC Information is deemed reliable but not guaranteed. Properties marked with the MRED icon are provided courtesy of Midwest Real Estate Data, LLC. Broker Reciprocity. Use of this site constitutes agreement to the terms and conditions.

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