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604-620 E Grant Highway
Marengo IL 60152 US

$6,999,970

Active Listing ID 12163819
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Lot: 2.42 Acres
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Other

$6,999,970

Active Listing ID 12163819
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604-620 E Grant Highway **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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Property Features

  • Facts
  • Lot Size: 2.42 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s) A/C
  • Roof Type: Composition

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 6999970
  • unparsedaddress: 604-620 E Grant Highway
  • postalcity: Marengo
  • stateorprovince: IL
  • country: US
  • postalcode: 60152
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.42
  • lotsizeunits: Acres
  • lotsizearea: 2.42
  • livingarea: 49680
  • livingareaunits: Square Feet
  • listagentfullname: Basel Tarabein
  • listagentemail: baseltarabein@remax.net
  • listagentkey: 3yd-MREDIL-82783
  • listagentmlsid: 82783
  • listagentpreferredphone: 8472551970
  • listagentofficephone: 8472551000
  • listofficekey: 3yd-MREDIL-8390
  • listagentstatelicense: 471008459
  • listofficemlsid: 8390
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1978
  • listingcontractdate: 2024-09-23
  • listagenturl: http://REMAXATHOME.ILLINOISPROPERTY.COM
  • countyorparish: McHenry
  • parcelnumber: 1136327042
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick
  • numberofunitstotal: 48
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TARABEIN INC. D/BA RE/MAX AT HOME", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"baseltarabein@remax.net", "ListBrokerageCity":"ROLLING MEADOWS", "ListBrokerageCountry":"US", "ListBrokerageEmail":"BASELT@AOL.COM", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSNI/c5ababc31bc41993011bc45ea2cf1e96/20080821100850711.jpg", "ListBrokerageName":"TARABEIN INC. D/BA RE/MAX AT HOME", "ListBrokeragePhone":"847-255-1000", "ListBrokeragePostalCode":"60008", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3215 W ALGONQUIN", "ListBrokerageWebsiteUrl":"http://REMAXATHOME.ILLINOISPROPERTY.COM", "ListOfficeAddress1":"3215 Algonquin Road", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Rolling Meadows", "ListOfficeCountry":"US", "ListOfficeEmail":"Baseltarabein@remax.net", "ListOfficePostalCode":"60008", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Marengo, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12163819/?channel=rexren", "MLSModificationTimestamp":"2024-09-23T12:03:02Z", "Neighborhoods":[{"Description":null, "Name":"Harmony / Marengo"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":56793, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 9:06:07 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Basel Tarabein, RE/MAX At Home, baseltarabein@remax.net

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.