Properties

Features
: Window Unit(s)
: None
Address Map
US
IL
Mc Henry
Marengo
60152
Grant
604-620
Highway
W89° 24' 29.5''
N42° 14' 31.2''
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
2026-09-10T17:07:04Z
2026-08-09T05:05:31Z
Property Description

**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today’s market, this exceptional income-producing asset is truly an investor’s dream. Don’t miss this rare opportunity to acquire a well-positioned multifamily property 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#12443014
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12443014
Price : $6,999,970
Year Built : 1978
Lot Size : 2.42 Acre
Listing Status : Active
Roof
Roof : Composition
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