1. Illinois
  2. Marengo
  3. 604-620 E Grant Highway
$6,999,970

604-620 E Grant Highway, Marengo, IL 60152

  • 49,680 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon2.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $141/sqft
  • Property List Date Icon Listed 10 months ago

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!

Listing Status:
Active
Listing Office:
RE/MAX At Home : 847-255-1970
Listing Agent:
Basel Tarabein : 847-828-2243
MLS ID:
12163819
  • Basement: None
  • A/C: Window Unit(s)
  • Fireplace: Fireplaces: 0

This listing courtesy of Basel Tarabein, RE/MAX At Home

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Marengo High School

110 Franks Rd, Marengo, IL, 60152

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.