IL
McHenry
Marengo
60152
604-620 E Grant Highway
604-620 E Grant Highway, Marengo, IL 60152
Listing Type
commercial/industrial
Listing Status
active
41
$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
NaN
Year built
1978
Lot size acres
2.42
County
McHenry
Garage
Days on site
71
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: 2024-10-07 17:20:29
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EXIT REALTY REDEFINED - MAURER GROUP
4174 N. Perryville Rd, Loves Park, IL 61111
Office
815 977 7411
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