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      • IL
      McHenry
      Marengo
      60152
      604-620 E Grant Highway
      604-620 E Grant Highway, Marengo, IL 60152
      Listing Type
      Commercial/Industrial
      Listing Status
      Off Market
      0
      $6,999,970

      Home Details for 604-620 E Grant Highway

      Price
      $6,999,970
      Type
      Commercial Sale
      Bedrooms
      0
      Bathrooms
      0.0
      Square feet
      49680
      Year built
      1978
      Lot size acres
      2.42
      County
      McHenry
      Garage
      Days on site
      94
      MLS Listing#
      12163819
      Listing courtesy: RE/MAX At Home - 847-255-1000
      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!

      Property Features
      • Cooling Information
        • Window Unit(s)
      Midwest Real Estate Data logoProperties are provided courtesy of the MLS of Northern Illinois, Inc. Broker Reciprocity Database. Information Deemed Reliable but Not Guaranteed.
      Based on information submitted to the MRED as of last update. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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.
      Last Updated: 2024-12-24 09:53:09
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      Market statistics compiled from data from Midwest Real Estate Data.
      EXIT REALTY REDEFINED - MAURER GROUP
      4174 N. Perryville Rd, Loves Park, IL 61111
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      815 977 7411
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