$6,999,970

604620 E Grant Highway , Marengo, IL 60152

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:49,680 sqft
Lot:2.42
Year Built:1978
Listing Status:Active

Listing Agent

Basel Tarabein
http://REMAXATHOME.ILLINOISPROPERTY.COM
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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!

Detailed Items

Other Information

604620 E Grant Highway, Marengo, IL, 60152 is a commercial sale listing of 49,680 sqft on a lot of 2.42. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property604620 E Grant Highway, Marengo, IL
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