Properties

Features
: Window Unit(s)
Address Map
US
IL
Mc Henry
Marengo
60152
Grant
604-620
Highway
E0° 0' 0''
N0° 0' 0''
RT. 23 TO RT. 20
Harmony / Marengo
Harmony / Marengo
E
E
MULTI
Additional Information
49680
: Brick , Block
: Multi-Family
Circuit Breakers,Service - 0 to 100 Amps
Circuit Breakers,Service - 0 to 100 Amps
: Concrete Perimeter
217.6X33X90.2X6X88.4X384.3X281.8X383.9
48
48
Condominium,Multi-Family
2
RE/MAX At Home
Basel Tarabein
Financial
56793
Listing Information
82783
8390
MRED
Listing Information
Active
2024-10-07T20:09:01Z
2024-09-29T05:05:46Z
Property 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!

Commercial Sale For Sale

604-620 E Grant Highway, Marengo, Illinois 60152

  • Lot Size: 2.42 Acre
$6,999,970
Listing ID#12163819
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12163819
Price : $6,999,970
Year Built : 1978
Lot Size : 2.42 Acre
Listing Status : Active
Roof
Roof : Composition
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