This property is a classic East Dundee multi-family home offering a 1-bed, 1-bath unit at 700 sqft. Recent market comps and rental data suggest a rent range between $1,400 and $1,675 per month for similar units, with the most accurate local averages for 1-bed apartments landing near $1,364–$1,500. Annual gross revenue potential is roughly $16.4K–$20.1K per unit. Payback period depends on acquisition cost, but at this rental rate, recouping a $150K–$180K investment could take 8–11 years, before expenses. The local market is stable, with modest rent growth and high demand for affordable, updated units. The property’s vintage charm and dedicated parking boost appeal, though dated finishes or lack of in-unit amenities could limit upside.

To maximize rental value, consider modest upgrades—updated flooring, fresh paint, and modern appliances can command top-of-market rents. If selling, highlight the strong rental demand, walkability, and steady rent growth in East Dundee. Owners should keep units well-maintained and market toward tenants seeking affordability and vintage character. For investors, value-add through light renovation could push the property toward the top end of the rent range.