Active
604-620 E Grant Highway
Marengo IL, 60152
$6,999,970
$140.90 per sqft
Active
49,680 sqft
Multi-family
Built in 1978
Courtesy of RE/MAX At Home
**Incredible Investment Opportunity!** This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom and 12 one-bedroom apartments, each with separate utilities. The two-bedroom units in Building 620 include in-closet washers and dryers. Additionally, there is a one-story structure between the buildings that serves as an office and storage space. With 85 paved parking spaces, this property is not only a strong rental investment but also presents an excellent condo conversion opportunity. Don't miss this chance to capitalize on a fantastic income-producing asset with significant growth potential!
12163819
MLSⓇ ID
September 23, 2024
Listed
October 7, 2024
Updated
Map
604-620 E Grant Highway
Marengo IL, 60152
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
2.42 Acres
Roof
Composition
Other Property Details
Area Name
Harmony / Marengo
Taxes
$56,793
Tax Frequency
Annually
Days on Market
15
Garage
No
View
No
County
McHenry
Municipality
Marengo
Pool
No
Zoning
MULTI
Courtesy of RE/MAX At Home, Basel Tarabein,
Listing Contact: 847-828-2243
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Trisha Kannon are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 10/7/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 8:43 PM UTC, 10/7/2024
