Based on comps within Rolling Meadows, a 2-bed, 1-bath unit around 1,000 sqft typically rents for $1,650 to $1,925/month. Annual revenue would range from about $19.8K to $23.1K. The estimated payback period, assuming acquisition costs in line with area values, falls between 14 and 18 years. The local rental market remains strong, with average rents rising and vacancy rates low. Proximity to quality schools and local amenities further boosts rental appeal. The main challenge is limited recent upgrades or standout features, but the solid floorplan and location are reliable draws.

To maximize rental income, consider updating the kitchen and bath, adding in-unit laundry, or improving curb appeal. These upgrades are proven to attract higher rents and reduce turnover. If selling is on the horizon, highlight neighborhood stability and walkability, as well as the proximity to top-rated schools. A light cosmetic refresh can command a premium in today’s competitive rental market, especially for units that feel modern and well-maintained.