604-620 E Grant Highway, Marengo, IL, 60152

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$6,999,970
45 Days On Site

604-620 E Grant Highway
Marengo, IL 60152

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
49,680
SqFt
$141
/SqFt
1978
Built
County:
McHenry
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX At Home

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604-620 E Grant Highway604-620 E Grant Highway604-620 E Grant Highway604-620 E Grant Highway
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**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!

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Listing Snapshot
Price 
$6,999,970
Days On Site 
45 Days
Bedrooms 
N/A
Inside Area (SqFt) 
49,680 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.42 Acres
Year Built 
1978
MLS® Number 
12163819
Status 
Active
Property Tax 
$56,793
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing first seen online
a month agoListing updated with changes from the MLS®
General Features
Acres 
2.42
Additional Property Use 
Multi-Family
Foundation 
Concrete Perimeter
Number Of Stories 
2
Property Sub Type 
Multi Family
SqFt Total 
49680
Zoning 
MULTI
Interior Features
Cooling 
Window Unit(s)
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
BrickBlock
Roof 
Composition
Community Features
MLS Area 
Harmony / Marengo
Township 
Marengo
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX At Home



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
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Neighborhood & Commute
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