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    604 E Grant Highway

    Marengo, IL 60152
    • $4,200,000
    • STATUS: Active
    • ON SITE: 429 Days
    • MLS #: 10827364
    UPDATED: 25 min ago
    $4,200,000
    • 0
      BEDS
    • 2.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 49,680
      SQFT
    • $85
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    SEE THIS COMPLEX WITH FULLY OCCUPIED LONG TERM TENNANT RENT IS BELOW MARKET VALUE SO MUCH UPSIDE TO INCREASE RENT NEW ROOF SOME NEW WINDOS PATIO DOOR AND SO MANY APARTMENT IS UPDATED ATTENTION INVESTORS ! DEVELOPERS! CONDO CONVERSION POTENTIALS! UNIQUE! 2 STORY BUILDINGS- 48 UNITS GARDEN STYLE APARTMENT COMPLEX: 36-2BEDROOM & 12 -1BEDROOM UNITS. SEPARATE UTILITIES! THE 2 BR. UNITS IN BUILDING 620 HAVE THEIR OWN IN- CLOSET WASHER & DRYER. A SEPARATE ONE STORY STRUCTURE BETWEEN THE 2 BLDGS. SERVES AS THE OFFICE. TWO 24 UNIT BUILDINGS WITH A PAVED PARKING SPACES. FOR 85 CARS. * HURRY TIME IS TICKING! **

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-26T16:03:05.043 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    604 E Grant Highway Marengo, IL 60152

    • Price: $4,200,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 10827364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.42
    Acres
    49,680
    SQFT
    $85
    $/SQFT
    Neighborhood:
    Harmony / Marengo
    County:
    McHenry
    Area:
    Harmony / Marengo
    Property Description
    SEE THIS COMPLEX WITH FULLY OCCUPIED LONG TERM TENNANT RENT IS BELOW MARKET VALUE SO MUCH UPSIDE TO INCREASE RENT NEW ROOF SOME NEW WINDOS PATIO DOOR AND SO MANY APARTMENT IS UPDATED ATTENTION INVESTORS ! DEVELOPERS! CONDO CONVERSION POTENTIALS! UNIQUE! 2 STORY BUILDINGS- 48 UNITS GARDEN STYLE APARTMENT COMPLEX: 36-2BEDROOM & 12 -1BEDROOM UNITS. SEPARATE UTILITIES! THE 2 BR. UNITS IN BUILDING 620 HAVE THEIR OWN IN- CLOSET WASHER & DRYER. A SEPARATE ONE STORY STRUCTURE BETWEEN THE 2 BLDGS. SERVES AS THE OFFICE. TWO 24 UNIT BUILDINGS WITH A PAVED PARKING SPACES. FOR 85 CARS. * HURRY TIME IS TICKING! **
    Exterior Features

    Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Curbs And GuttersLighting/Exterior Parking Total 86

    Interior Features

    Cooling Central Individual Heat Ventilation Electric Number Of Ranges 48

    Property Features

    Additional Parcels YN No Approximate Age 26-35 Years Building Area Total 49680 Built Before1978 YN No Current Use Multi-Family Gross Income 480000 Gross Scheduled Income 507000 Insurance Expense 14000 Maintenance Expense 17560 Net Operating Income 366043 Operating Expense 140957 Possible Use CondominiumMulti-Family Seller Needs Cash Tax Annual Amount 53397 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 40000 Township Marengo Type Multi Family 5+ Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Arni Realty Incorporated.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-26T16:03:05.043 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    4112C Fieldstone Road
    Champaign IL, 61822