$100,000
●
Condo -
Off Market
2306 Algonquin Road #11
Rolling Meadows, IL 60008
2 Beds
1 Bath
800 Ft²
$105,298
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model
About This Property
Why rent, if you can buy? Great opportunity to own a 2 bed/ 1 bath
condo in a fantastic location in Rolling Meadows! Steps away from
the restaurants, stores, park district, Northwestern hospital, and
Rolling Meadows High School. Highways 90 and 53 are minutes away.
Two-story condo features an open floor plan with kitchen, dining
room, and living rooms connected. Second floor has two beds and a
bathroom. Balcony for enjoying fresh air and grilling. The building
is tucked away from the main road. Lots of green space. The complex
has its own children's playground. Association fee includes heat
and water, assigned parking spot with plenty of guest parking, and
garbage. Complex is FHA approved so you can do as little as 3% down
payment. Come see it today!
Unit Size
800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$125
Property Type
Condo
Property Taxes
$179
HOA Dues
$329
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 #11257891)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2022 | Sold | ||
| Sold | |||
| Oct 28, 2021 | Listed by Coldwell Banker Realty | $100,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 2
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Microwave, 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: 08081060241047
Property Type: Residential
Year Built: 1973
No Disability Access
Special Conditions: None
Lot Size Dimensions: CONDO
Water Source: Public
Financial Details
Tax Year: 2020
Tax Annual Amount: $2,152
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Electric
Sewer : Public Sewer
Location Details
Township: Elk Grove
Corporate Limits: Rolling Meadows
Directions: ALGONQUIN EAST OF 53 TO COACHLIGHT, EAST
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
Association Fee: $329
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 |
|---|---|---|---|---|---|---|---|
|
11/05/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$115,000
2 Bed
1 Bath
1000 ft²
|
$113,000
-1.74%
01/25/2023
|
Stephanie Mederos
Realty of America
| |
|
10/28/2021
|
2 Bed
|
1 Bath
|
800 ft²
|
$100,000
2 Bed
1 Bath
800 ft²
|
$100,000
02/08/2022
|
Diana Matichyn
Coldwell Banker Realty
| |
|
08/04/2021
|
2 Bed
|
1 Bath
|
1000 ft²
|
$95,900
2 Bed
1 Bath
1000 ft²
|
$95,000
-0.94%
12/24/2021
|
Benjamin Escalante
Chase Real Estate LLC
|
Building Info
About Rolling Meadows
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Listed by: Diana Matichyn, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11257891
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# 11257891
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