$165,500
●
Condo -
Off Market
705 HERITAGE Drive #112
Hoffman Estates, IL 60169
2 Beds
1 Bath
$1,383
Est. Monthly
$371
HOA / Fees
11.83%
Cap Rate
About This Property
AMAZING GROUND FLOOR CONDO IN SOUGHT OUT HIGHLAND CROSSING!
FEATURING 2 BEDROOMS, AND 1 FULL BATH THIS 1ST FLOOR CONDO OPENS UP
TO AN ENORMOUS COURTYARD. MANY NEW FEATURES/UPDATES SUCH AS
PAINTING, APPLIANCES, KITCHEN CABINETS AND 2 NEWER AIR
CONDITIONERS! HIGHLY ACCREDITED SCHOOLS DIST 53 & 211, HOOVER MATH
& SCIENCE ACADEMY, KELLER AND JB CONANT HIGH SCHOOL! LOCATED JUST
MINUTES TO ALL MAJOR SHOPPING (WOODFIELD MALL, GROCERY STORES) AND
EXPRESSAYS! MONTHLY HOA INCLUDES GAS, WATER, HEAT, PARKING AND SO
MUCH MORE! RARE FIND AT THE PRICE, LOCATION & CONDITION!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$199
HOA Dues
$371
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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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: 2 years ago (MRED MLS #12258699)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | In contract | - | |
| In contract | |||
| Mar 1, 2025 | Price Decreased |
$163,000
↓ $3K
(1.5%) | |
| Price Decreased | |||
| Feb 11, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 10, 2025 | Listed by Berkshire Hathaway HomeServices Starck Real Estate | $165,500 | |
| Listed by Berkshire Hathaway HomeServices Starck Real Estate | |||
| | |||
|
AMAZING RENTAL! CONDO IS RENTABLE AND RENTABILITY STATUS WILL BE CONVEYED TO THE NEW OWNER. LONG TERM TENANT IS WILLING TO STAY (PAYS $1,450/MO) ONE OF THE ONLY FEW IN HIGHLAND CROSSING THAT ALLOWS RENTING! AMAZING GROUND FLOOR CONDO IN SOUGHT OUT HIGHLAND CROSSING! FEATURING 2 BEDROOMS, AND 1 FULL BATH THIS 1ST FLOOR CONDO OPENS UP TO AN ENORMOUS COURTYARD. MANY NEW FEATURES/UPDATES SUCH AS PAINTING, APPLIANCES, KITCHEN CABINETS AND 2 NEWER AIR CONDITIONERS! HIGHLY ACCREDITED SCHOOLS DIST 53 & 211, HOOVER MATH & SCIENCE ACADEMY, KELLER AND JB CONANT HIGH SCHOOL! LOCATED JUST MINUTES TO ALL MAJOR SHOPPING (WOODFIELD MALL, GROCERY STORES) AND EXPRESSAYS! MONTHLY HOA INCLUDES GAS, WATER, HEAT, PARKING AND SO MUCH MORE! RARE FIND AT THE PRICE, LOCATION & CONDITION!
| |||
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Property Highlights
Parking Available
Parking Details
Total Number of Parking: 1
Parking Features: Assigned, Visitor Parking, Additional Parking
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Interior Features: Wood Laminate Floors, Walk-In Closet(s)
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: 07162000561030
Property Type: Residential
Year Built: 1976
No Disability Access
Special Conditions: None
Exterior Features: Patio, Storms/Screens
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2023
Tax Annual Amount: $2,391
Utilities Details
Cooling: Wall Unit(s)
Heating: Steam, Baseboard
Sewer : Public Sewer
Location Details
Township: Schaumburg
Corporate Limits: Hoffman Estates
Directions: 1 MILE WEST OF ROSELLE ROAD ON HIGGINS ROAD TO VALLEY LANE SOUTH TO HERITAGE DR WEST TO BUILDING 705
County or Parish: Cook
Elementary School District: 54
Elementary School: Hoover Math & Science Academy
Middle Or Junior School District: 54
Middle Or Junior School: Keller Junior High School
High School District: 211
High School: J B Conant High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $371
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Specific, Tenant's Rights, Other
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
|
$179,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
Michael Tassone
DNV Solutions LLC
| |
|
12/19/2024
|
2 Bed
|
1 Bath
|
-
|
$173,000
2 Bed
1 Bath
|
-
-
|
Omar Azam
Berkshire Hathaway HomeServices Starck Real Estate
| |
|
02/03/2025
|
2 Bed
|
1 Bath
|
950 ft²
|
$135,000
2 Bed
1 Bath
950 ft²
|
$133,500
-1.11%
02/25/2025
|
Ashley Bundy
HomeSmart Realty Group
| |
|
03/02/2024
|
2 Bed
|
1 Bath
|
950 ft²
|
$160,000
2 Bed
1 Bath
950 ft²
|
$152,500
-4.69%
04/04/2024
|
Dwij Jani
ARNI Realty Incorporated
| |
|
01/20/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$110,000
1 Bed
1 Bath
700 ft²
|
$115,000
+4.55%
04/12/2024
|
Jocelyn Iniguez
eXp Realty, LLC
| |
|
03/24/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$119,900
2 Bed
1 Bath
1000 ft²
|
$112,500
-6.17%
08/01/2022
|
Margaret Taiwo
Elects Realty Champions LLC
| |
|
02/13/2017
|
2 Bed
|
1 Bath
|
850 ft²
|
$75,000
2 Bed
1 Bath
850 ft²
|
$75,000
07/30/2017
|
Ashley Lebovic
All Realty Group, Inc
|
Building Info
705 Heritage Drive
705 Heritage Drive, Hoffman Estates, IL 60169
- 1 Unit for Sale
About Hoffman Estates
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$3,000 /mo
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- 1,790 ft²
$3,200 /mo
- 4 Beds
- 1 Bath
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Listed by: Omar Azam, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12258699
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: 2 years ago
Data Source: MRED, MLS# 12258699
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