$6,999,970
( $140.90Per Sq Foot )
 $37,577 est/mo Sourced by Back At You

604-620 E Grant Highway,Marengo, IL 60152

Marengo, IL 60152

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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!

Details

MLS #12443014
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1978
Days On Site55
Listing Provided ByRE/MAX At Home | Basel Tarabein

Features

SQ Feet49,680
Story(s)2
Units48
ZoningMULTI
Acreage2.42

Interior

CoolingWindow Unit(s)
Fireplaces Total0

Exterior

RoofComposition
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick, Block

Utilities

ElectricCircuit Breakers, Service - 0 to 100 Amps

Taxes

Tax Year2022
Tax Annual Amount56793

Area Information

StateIL
CountyMcHenry
CityMarengo
Zip Code60152
AreaHarmony | Marengo
Listing VS Median (in 60152)
Price:
$6,999,970
low | high
Med:
$383,450
100% of Average
sqft:
49,680
low | high
Med:
2,229
100% of Average
$ / sqft:
$141
low | high
Med:
$180
21.996291526207% of Average
On site:
55
low | high
Med:
109
50.45871559633% of Average
Sourced by Back At You

Market Activity 60152

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Contact

Learn More About This Property

Chicagoland Brokers Inc

Chicagoland Brokers Inc

 (773) 317-4414e_orlovska@yahoo.com
StateIL
CountyMcHenry
CityMarengo
Zip Code60152
AreaHarmony | Marengo
Listing VS Median (in 60152)
Price:
$6,999,970
low | high
Med:
$383,450
100% of Average
sqft:
49,680
low | high
Med:
2,229
100% of Average
$ / sqft:
$141
low | high
Med:
$180
21.996291526207% of Average
On site:
55
low | high
Med:
109
50.45871559633% of Average
Sourced by Back At You
Listing Updated: September 15, 2026 at 7:35:58 PM PDT
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