604-620 E Grant Highway , Marengo, IL 60152
Marengo, IL 60152
Description
**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!
Details
| MLS# | 12163819 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 120 |
| Listing Provided By | RE/MAX At Home | Basel Tarabein |
Features
| SQ Feet | 49,680 |
|---|---|
| Story(s) | 2 |
| Units | 48 |
| Zoning | MULTI |
| Acreage | 2.42 |
Market Activity 60152
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Learn More About This Property
| State | IL |
|---|---|
| County | McHenry |
| City | Marengo |
| Zip Code | 60152 |
| Area | Harmony | Marengo |
| Listing VS Median (in 60152) | |
Price: $6,999,970 low | high Med: $289,000 SqFt: 49,680 low | high Med: 1,680 $ / SqFt: $141 low | high Med: $172 On Site: 120 low | high Med: 40.000000 | |