604-620 E Grant Highway Marengo, IL 60152
**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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyMchenry
- Taxes$56,793
- HOA/Condo/Coop Fees$0
- Days on Site3 Days
- MLS StatusActive
- MLS ID Number12163819
- Home Size Source N/A
- Year Built1978
- Lot Size2.42 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BrickBlock
- Electric Circuit Breakers
- Number of Stories 2
- Acreage 2.42
- Foundation Concrete Perimeter
- Zoning MULTI
- Number Of Stories 2
Interior Features
- Cooling Window Unit(s)
- Fireplaces 0
Exterior Features
- Roof Composition
- Construction Details BrickBlock
Community Features
- Township Marengo
- MLS Area Harmony / Marengo