Property Overview

Interra Realty has been exclusively engaged to market 2202 Algonquin Rd in Rolling Meadows. The subject investment property is comprised of three (3) buildings totaling (48) units. Each building is comprised of (16) units and all buildings feature identical large one-bedroom layouts. In the past year, all three buildings received major capital improvements including new windows, roofs, siding, and fully renovated units.

The properties are heated through electric baseboard heat and cooled through windows sleeves. All apartments feature breakers in-unit & individual hot water tanks. Additionally, the property features over 1:1 parking and sits on over 2 acres of land.

The offering presents qualified investors the unique opportunity to acquire a recently rehabbed property with immediate rental upside in a stable and desirable northwest suburban location.

Highlights

  • Rarely Available Rolling Meadows Apartment Building
  • Major Capital Improvements Completed in 2019/2020
  • Immediate Rental Upside Via Proactive Leasing Strategy
  • Large Modern Apartments
  • Proximate to UP-NW Metra, O’Hare Airport, Woodfield Mall & Northwest Community Hospital

Key Details

BUILDING SIZE
31,200 SF
LOT SIZE
2.39 Acres
NUMBER OF UNITS
48
PRICE PER UNIT
$100,000
YEAR BUILT
1973