$65,000
●
Condo -
Off Market
5201 Carriageway Drive #C211
ROLLING MEADOWS, IL 60008
2 Beds
1 Bath
1,044 Ft²
$121,185
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model
About This Property
Take advantage of this rare opportunity to buy well below market
value for instant equity. This building was damaged by a fire and
is in the process of being restored. The unit itself will need some
minor renovation once the restoration is complete. The spacious
floor plan includes two bedrooms, galley kitchen, large living room
and L-shaped dining room. The master bedroom includes a large
vanity area, walk-in closet and direct access to the main bath.
There is also one garage space included. The good news is this is
an unbelievable price, but the bad news is occupancy is months
away. So if you don't need immediate possession, this may be the
perfect investment option for you. Investors can purchase - no
rental restrictions.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
-
Price per sqft
$72
Property Type
Condo
Property Taxes
$49
HOA Dues
$484
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #09524914)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2017 | Sold | ||
| Sold | |||
| Mar 6, 2017 | Listed by Baird & Warner | $75,000 | |
| Listed by Baird & Warner | |||
Property Highlights
Garage
Elevator
Air Conditioning
Parking Details
Total Number of Parking: 1
Garage Spaces: 1
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 51-60 Years
Rebuilt(Y/N): No
Parcel Number: 08081230191125
Property Type: Residential
Year Built: 1960
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON GROUNDS
Water Source: Lake Michigan
Financial Details
Tax Year: 2015
Tax Annual Amount: $584
Tax Exemptions: None
Utilities Details
Cooling: Central Air
Heating: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
Township: ELK GROVE
Corporate Limits: ROLLING MEADOWS
Directions: Algonquin Rd E of Rte 53 to Carriageway Dr, S to building
County or Parish: Cook
Elementary School District: 15
Middle Or Junior School District: 15
High School District: 214
Other Details
Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $484
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Specific
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 |
|---|---|---|---|---|---|---|---|
|
08/25/2026
|
2 Bed
|
1 Bath
|
1200 ft²
|
$229,000
2 Bed
1 Bath
1200 ft²
|
-
-
|
Monika Soja
Century 21 Circle
| |
|
03/08/2026
|
Studio
|
1 Bath
|
460 ft²
|
$139,900
Studio
1 Bath
460 ft²
|
$135,000
-3.50%
05/07/2026
|
Scott Henninger
Keller Williams Momentum
| |
|
05/04/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$204,900
2 Bed
1 Bath
1000 ft²
|
$200,000
-2.39%
06/25/2025
|
Domenica Koch, CSC
@properties Christie's International Real Estate
| |
|
04/23/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$210,000
2 Bed
1 Bath
1000 ft²
|
$200,000
-4.76%
06/17/2025
|
Naomi Campbell
Coldwell Banker Realty
| |
|
09/26/2023
|
1 Bed
|
1 Bath
|
738 ft²
|
$149,900
1 Bed
1 Bath
738 ft²
|
$152,500
+1.73%
10/30/2023
|
Madalina Tat
NHR BROKERAGE LLC
| |
|
12/01/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$165,000
2 Bed
2 Bath
1200 ft²
|
$170,000
+3.03%
01/06/2023
|
Daniel Nierman
4 Sale Realty Advantage
| |
|
04/02/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$134,900
2 Bed
1 Bath
1000 ft²
|
$143,000
+6.00%
05/02/2022
|
Julia Cherepova
HomeStar Agency
| |
|
03/21/2022
|
2 Bed
|
1 Bath
|
1100 ft²
|
$138,000
2 Bed
1 Bath
1100 ft²
|
-
-
|
Ann Kikas
Kale Realty
| |
|
03/11/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$142,900
2 Bed
2 Bath
1200 ft²
|
$138,000
-3.43%
04/14/2022
|
Holly Pfister
Berkshire Hathaway HomeServices Starck Real Estate
| |
|
03/04/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$139,000
2 Bed
1 Bath
1000 ft²
|
$135,000
-2.88%
06/06/2022
|
Gina Brown
Baird & Warner
| |
|
06/21/2021
|
2 Bed
|
1 Bath
|
1100 ft²
|
$129,900
2 Bed
1 Bath
1100 ft²
|
$120,000
-7.62%
03/03/2022
|
Gina Brown
Baird & Warner
| |
|
05/28/2021
|
2 Bed
|
1 Bath
|
1200 ft²
|
$135,000
2 Bed
1 Bath
1200 ft²
|
$128,500
-4.81%
07/02/2021
|
Martin Flynn
RE/MAX Properties Northwest
| |
|
03/19/2021
|
1 Bed
|
1 Bath
|
800 ft²
|
$109,900
1 Bed
1 Bath
800 ft²
|
-
-
|
-
| |
|
04/23/2021
|
2 Bed
|
1 Bath
|
1200 ft²
|
$130,000
2 Bed
1 Bath
1200 ft²
|
-
-
|
-
| |
|
12/04/2020
|
2 Bed
|
1 Bath
|
1100 ft²
|
$143,900
2 Bed
1 Bath
1100 ft²
|
-
-
|
-
| |
|
10/23/2020
|
2 Bed
|
1 Bath
|
1200 ft²
|
$143,900
2 Bed
1 Bath
1200 ft²
|
-
-
|
-
| |
|
07/20/2020
|
1 Bed
|
1 Bath
|
900 ft²
|
$110,000
1 Bed
1 Bath
900 ft²
|
-
-
|
-
| |
|
07/20/2020
|
2 Bed
|
1 Bath
|
800 ft²
|
$137,000
2 Bed
1 Bath
800 ft²
|
-
-
|
-
| |
|
05/22/2020
|
2 Bed
|
1 Bath
|
1200 ft²
|
$135,000
2 Bed
1 Bath
1200 ft²
|
-
-
|
-
| |
|
09/10/2019
|
2 Bed
|
2 Bath
|
1200 ft²
|
$145,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
-
| |
|
10/13/2018
|
2 Bed
|
1 Bath
|
1200 ft²
|
$105,000
2 Bed
1 Bath
1200 ft²
|
-
-
|
-
| |
|
08/23/2018
|
1 Bed
|
1 Bath
|
825 ft²
|
-
1 Bed
1 Bath
825 ft²
|
-
-
|
-
| |
|
08/23/2018
|
2 Bed
|
2 Bath
|
1100 ft²
|
-
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
06/27/2018
|
2 Bed
|
1 Bath
|
1200 ft²
|
-
2 Bed
1 Bath
1200 ft²
|
-
-
|
-
| |
|
05/03/2018
|
2 Bed
|
1 Bath
|
1152 ft²
|
-
2 Bed
1 Bath
1152 ft²
|
-
-
|
-
| |
|
08/17/2017
|
1 Bed
|
1 Bath
|
700 ft²
|
$89,900
1 Bed
1 Bath
700 ft²
|
$88,000
-2.11%
10/27/2017
|
James Abbate
Century 21 1st Class Homes
| |
|
06/16/2017
|
2 Bed
|
1 Bath
|
1000 ft²
|
$126,000
2 Bed
1 Bath
1000 ft²
|
$126,000
08/25/2017
|
William Volpe
Parkvue Realty Corporation
| |
|
03/24/2017
|
2 Bed
|
1 Bath
|
1110 ft²
|
$62,500
2 Bed
1 Bath
1110 ft²
|
$71,000
+13.60%
05/02/2017
|
Basel Tarabein
RE/MAX At Home
| |
|
03/08/2017
|
1 Bed
|
1 Bath
|
900 ft²
|
$57,200
1 Bed
1 Bath
900 ft²
|
$61,600
+7.69%
05/19/2017
|
Anthony Disano
Parkvue Realty Corporation
| |
|
03/06/2017
|
2 Bed
|
1 Bath
|
1044 ft²
|
$75,000
2 Bed
1 Bath
1044 ft²
|
$65,000
-13.33%
05/03/2017
|
Steven Heilig
Baird & Warner
| |
|
02/27/2017
|
2 Bed
|
2 Bath
|
-
|
$99,000
2 Bed
2 Bath
|
$79,000
-20.20%
07/26/2017
|
Vaciliki Ress
Berkshire Hathaway HomeServices Chicago
| |
|
02/28/2008
|
2 Bed
|
1 Bath
|
-
|
$139,900
2 Bed
1 Bath
|
$125,000
-10.65%
05/22/2008
|
Mark Groble
Team GT PLLC
| |
|
11/06/2007
|
Studio
|
1 Bath
|
-
|
$99,900
Studio
1 Bath
|
$93,300
-6.61%
01/18/2008
|
Richard Ives, ABR,AHWD,E-PRO,PSA,SRES
RE/MAX At Home
| |
|
01/12/2007
|
1 Bed
|
1 Bath
|
-
|
$130,000
1 Bed
1 Bath
|
$127,000
-2.31%
02/23/2007
|
Violet Ostrowski, SRES
Keller Williams Thrive
|
Building Info
5201 Carriageway Drive
5201 Carriageway Drive, Rolling Meadows, IL 60008
- 1 Unit for Sale
About Rolling Meadows
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,200 /mo
- Studio
- 1 Bath
- 350 ft²
$1,650 /mo
- 1 Bed
- 1 Bath
- 800 ft²
Listed by: , Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 09524914
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# 09524914
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