Condominium Income
For Sale
$215,900
5401 Chateau Drive Unit 4, Rolling Meadows, IL 60008
Condominium unit offering residential living space with potential for owner occupancy or investment use.
Property Size1,000 SF
Price / SF$215.90
Days on Market80
Property Features for 5401 Chateau Drive Unit 4
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Condo-Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,358
Building Details
Building Size
1,000 SF
Year Built
1982
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Jeffrey Sklar · License #471022783
(702) 763-2222
Source:
Dawnmckennagroup
Added: Jul 29
Changed: Oct 14
Last Checked: Oct 16 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beycome Brokerage Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a condominium unit identified as Unit 4 at 5401 Chateau Drive. The residence contains 1,000 square feet of living area and was built in 1982.
The property is located in Rolling Meadows, Illinois, within the 60008 ZIP code. The source information identifies the condominium as suitable for either primary residential occupancy or investment ownership.
The property is located in Rolling Meadows, Illinois, within the 60008 ZIP code. The source information identifies the condominium as suitable for either primary residential occupancy or investment ownership.
Key Highlights
- 1,000‑square‑foot condominium unit
- Unit 4 at 5401 Chateau Drive
- Built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,601
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,020
$232.0K
Cap Rate 7%
$165,729
$165.7K
Cap Rate 9%
$128,900
$128.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.7K $22.68/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$21.1K $21.09/SF
− OpEx
−$9.5K −$9.49/SF
NOI
$11.6K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,020
Cap Rate 7%
$165,729
Cap Rate 9%
$128,900
Alternative Uses
Best Use
Apartment 5plus
$165.7K
$145.0K – $193.4K
NOI $11,601 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit offering residential living space with potential for owner occupancy or investment use.
Where is this residential income property located?
The property is located at 5401 Chateau Drive Unit 4 Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: 1,000‑square‑foot condominium unit; Unit 4 at 5401 Chateau Drive; Built in 1982
