$130,000

1101 E Algonquin Road #18, Arlington Heights, IL 60005

Active

1 beds 1 baths 800 sqft (landlord/tenant/seller) Built 1974 Residential MLS #MRD12636100 34 days on market

Listing courtesy of RE/MAX SAWA · 877-312-7292 · mhafeezh@gmail.com · MLS #MRD12636100 · Status: Active

Excellent investment opportunity in desirable Arlington Heights! This well-maintained condo features a long-term tenant already in place, providing immediate rental income for the next owner. The unit offers bright and functional living spaces, a practical layout, and a highly convenient location. The property is tenant occupied with a month-to-month lease currently in place. Seller will not provide notice to the tenant prior to closing, making this an ideal opportunity for investors seeking a seamless tenant-occupied acquisition and continued cash flow potential. Perfect for investors looking to expand their portfolio with a stable income-producing property in a strong rental market. Please allow 24- to 48-hour notice for all showings. Showings are available during late afternoon and evening hours only. Don't miss this turnkey investment opportunity!

Property details

Interior

Appliances: Range, Refrigerator
Basement: None
Additional rooms: No additional rooms
Total rooms: 4

Building & exterior

Age: 51-60 Years
Stories: 2
Entry level: 2
Exterior: Brick

Parking

Total spaces: 1
Parking details: Yes

Lot & location

Lot dimensions: COMMON
Township: Elk Grove
County: Cook

Utilities

Heating: Natural Gas, Baseboard
Cooling: Window Unit(s)
Water: Lake Michigan
Sewer: Public Sewer
Equipment: Ceiling Fan(s)

HOA & community

Assessment: $250 / monthly
Assessment includes: Heat, Water, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Pets: Cats OK, Dogs OK

Schools

Elementary: John Jay Elementary School (59)
Junior high: Holmes Junior High School (59)
High school: Rolling Meadows High School (214)

Taxes & terms

Annual taxes: $1,796 (2023)
Parcel number (PIN): 08154020251018
PIN: 08154020251018
Ownership: Condo
Possession: Closing
Special conditions: None
Listed: 5/20/2026

Rooms

Room	Size	Level
Bedroom 2		N/A
Bedroom 3		N/A
Bedroom 4		N/A
Dining Room	COMBO	Main
Family Room		N/A
Kitchen	10X10	Main
Laundry		N/A
Living Room	19X16	Main
Master Bedroom	16X12	Main

What would this home cost per month?

Using this listing's actual tax bill (2023) and actual HOA assessment — adjust anything.

Price

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Rate %

Term (years)

Taxes ($/yr)

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Estimated monthly payment

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PMI (under 20% down)

HOA / assessments

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Want to see this home?

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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