$135,000
●
Condo -
Off Market
2304 Algonquin Road #8
Rolling Meadows, IL 60008
2 Beds
1 Bath
1,000 Ft²
$141,691
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
TERRIFIC 2BR CONDO FEATURING BRAND NEW KITCHEN CABINETS, NEW VINYL
FLOORING 12/2022, NEW CARPETING IN HALLWAY AND BEDROOMS 2022, NEW
WINDOWS 2022, NEW WATER HEATER 2023. UPDATED BATHROOM 2022
PLUS FRESHLY PAINTED INTERIOR. JUST MOVE IN AND ENJOY THIS
AFFORABLE CONDO. PLEASE PARK IS SPACE 112 LOCATED ON WEST SIDE OF
BUILDING. THERE IS A COIN OPERATED LAUNDRY ROOM IN THE BASEMENT
ALONG WITH 1 STORAGE CAGE.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
Condo
Property Taxes
$148
HOA Dues
$377
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: 3 years ago (MRED MLS #11707910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2023 | Sold | ||
| Sold | |||
| Jan 26, 2023 | Listed by RE/MAX Central Inc. | $137,500 | |
| Listed by RE/MAX Central Inc. | |||
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 1
Parking Features: Assigned, Unassigned
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Refrigerator
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 08081060241032
Property Type: Residential
Year Built: 1973
Roof: Asphalt
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2021
Tax Annual Amount: $1,774
Tax Exemptions: Homeowner
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Elk Grove
Corporate Limits: Rolling Meadows
Directions: Algonquin Rd East of 53 to Coach Light entrance
County or Parish: Cook
Elementary School District: 15
Elementary School: Willow Bend Elementary School
Middle Or Junior School District: 15
Middle Or Junior School: Carl Sandburg Junior High School
High School District: 214
High School: Rolling Meadows High School
Other Details
Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $377
Association Fee Freq: Monthly
Holds Earnest Money: Yes
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 |
|---|---|---|---|---|---|---|---|
|
04/25/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$149,900
2 Bed
1 Bath
1000 ft²
|
$153,650
+2.50%
07/24/2025
|
Enrique Aguilar, ABR,SFR
RE/MAX Horizon
| |
|
01/26/2023
|
2 Bed
|
1 Bath
|
1000 ft²
|
$137,500
2 Bed
1 Bath
1000 ft²
|
$135,000
-1.82%
03/17/2023
|
Michael Spejcher
RE/MAX Central Inc.
| |
|
09/28/2022
|
2 Bed
|
1 Bath
|
720 ft²
|
$99,900
2 Bed
1 Bath
720 ft²
|
$90,000
-9.91%
11/10/2022
|
Alicia Aviles
Homesmart Connect LLC
| |
|
04/12/2019
|
2 Bed
|
1 Bath
|
950 ft²
|
$117,500
2 Bed
1 Bath
950 ft²
|
-
-
|
-
| |
|
09/26/2018
|
2 Bed
|
1 Bath
|
-
|
-
2 Bed
1 Bath
|
-
-
|
-
| |
|
06/14/2018
|
2 Bed
|
1 Bath
|
950 ft²
|
-
2 Bed
1 Bath
950 ft²
|
-
-
|
-
| |
|
10/07/2006
|
2 Bed
|
1 Bath
|
-
|
$116,000
2 Bed
1 Bath
|
$115,600
-0.34%
04/03/2007
|
Jose Vasquez
Midwest Realty Services Group, Inc.
|
Building Info
About Rolling Meadows
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Listed by: Michael Spejcher, RE/MAX Central Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11707910
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: 3 years ago
Data Source: MRED, MLS# 11707910
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