IL > Marengo
Marengo, IL 60152,604-620 E Grant HWY
Marengo, IL 60152,604-620 E Grant HWY
Marengo, IL 60152,604-620 E Grant HWY
Marengo, IL 60152,604-620 E Grant HWY
Marengo, IL 60152,604-620 E Grant HWY
Marengo, IL 60152,604-620 E Grant HWY
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Legacy Properties

Legacy Properties

+1(224) 999-9100
$ 6,999,970
Est. payment | /mo

49,680 SqFt

Save
$ 6,999,970
Est. payment | /mo
Save

49,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 49,680 sqft

Price per Sqft $140

MLS Listing ID 12163819

Maintenance Fees $12,000

Year Built 1978

Annual Tax Amount $56,793

Tax Year 2022

Lot Size 2.420 Acres

Lot Dimensions 217.6X33X90.2X6X88.4X384.3X281.8X383.9

Property Sub-Type Multi Family 5+

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!

Location

State IL

County Mchenry

Area Harmony / Marengo

Zoning MULTI

Rooms

Basement None

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick,Block

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Basel Tarabein • RE/MAX At Home
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9100

managingbroker@legacypropertiesil.com

2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA

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604-620 E Grant HWY