604-620 E Grant Highway, Marengo, IL

$6,999,970

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2.42

Acres

About 604-620 E Grant Highway

**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today's market, this exceptional income-producing asset is truly an investor's dream. Don't miss this rare opportunity to acquire a well-positioned multifamily property with significant growth potential!

Features of 604-620 E Grant Highway

MLS® # 12443014
Price $6,999,970
Bathrooms 0.00
Acres 2.42
Year Built 1978
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 604-620 E Grant Highway
Area Harmony / Marengo
City Marengo
County McHenry
State IL
Zip Code 60152

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No
Basement None

Exterior

Exterior Brick, Block
Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 30
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX At Home

Listing Map

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