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    700 E Algonquin Rd, Unit 2401 Schaumburg, IL 60173

    New
    For Lease
    $2,697 /Mo

    Upscale 2 bed, 2 bath penthouse with modern amenities.

    Property Features for 700 E Algonquin Rd

    General Information

    Interior features
    Interior Feature 1, : "Cable Ready", "Interior Feature 2": "Natural Gas", "Interior Feature 3": "Central Air", "Interior Feature 4": "Indv Controls", "Interior Feature 5": "Range", "Interior Feature 6": "Microwave", "Interior Feature 7": "Dishwasher", "Interior Feature 8": "Refrigerator", "Interior Feature 9": "Washer", "Interior Feature 10": "Dryer", "Interior Feature 11": "Disposal", "Interior Feature 12": "Stainless Steel Appliance(s)"
    Exterior features
    exterior_features, : ["Deck", "Cable Available"]

    Building Details

    Year built
    2017

    Source: Residential Real Estate Svcs Agent Cathleen Simboli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luxury Schaumburg Penthouse Apartment

    This luxury apartment and townhome community offers urban-style living in Schaumburg. The penthouse unit features 2 bedrooms and 2 bathrooms, with high-end amenities including stainless steel appliances, granite countertops, in-unit laundry, and walk-in closets. Residents can enjoy a heated outdoor pool, gas grills, an outdoor firepit, and a game lounge with billiards. The clubhouse includes a kitchen, bar, lounge area, and big-screen TVs. A 24-hour fitness center offers on-demand exercise and yoga classes. Pets are welcome with a bark park and dog run. Parking is free, and garages or attached heated garages are available. The building has an elevator and offers ADA/handicap accessible units. Short-term leases are available. The community is conveniently located near highways, Metra, Woodfield, Top Golf, restaurants, and walking/biking trails. It is located within award-winning School District 15 and 211 Fremd High School.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0601822
    Latitude
    42.0740303

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    FAQs

    What type of property is this?
    Apartment building - Upscale 2 bed, 2 bath penthouse with modern amenities.
    Where is this apartment building located?
    The property is located at 700 E Algonquin Rd, Unit 2401 Schaumburg, IL.
    What are key features of this property?
    This property features: - Luxury penthouse unit featuring stainless steel appliances, granite countertops, in-unit laundry, and walk-in closets.; - Convenient location near highways, Metra, Woodfield, Top Golf, restaurants, and walking/biking trails.; - Enjoy community amenities including a heated outdoor pool, gas grills, outdoor firepit, game lounge, clubhouse, 24hr fitness center, bark park & dog run.
    (847) 917-3395
    Request Owner's contact information
    700 E Algonquin Rd, Unit 2401 Schaumburg, IL 60173
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    Schaumburg, IL 60173
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 E Algonquin Rd, Unit 2401 Schaumburg, IL 60173
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