604-620 E Grant Highway,
604-620 E Grant Highway Marengo, Illinois 60152 United States

604-620 E Grant Highway
604-620 E Grant Highway Marengo, Illinois 60152 United States

$5,499,900USD
 
  • 2.42 Acres
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604-620 E Grant Highway

About 604-620 E Grant Highway, Marengo, Illinois

FULLY OCCUPIED APARTMENT COMPLEX WITH LONG TERM TENANTS.THE CURRENT RENT IS WELL BELOW MARKET VALUE AND THE OPPORTUNITY TO INCREASE INCOME IS HUGE. NEWER ROOF, SOME NEW WINDOWS & PATIO DOORS. MANY UNITS HAS BEEN UPDATED. ALSO, IT IS A GREAT OPPORTUNITY TO DO A CONDO CONVERSION $$. TWO SEPARATE BUILDINGS WITH TWO-STORY EACH. TOTAL OF 48 UNITS GARDEN STYLE APARTMENTS: 36- TWO BEDROOM & 12 -1BEDROOM UNITS. ALL HAS SEPARATE UTILITIES! THE 2 BR. UNITS IN BUILDING 620 HAVE THEIR OWN IN- CLOSET WASHER & DRYER. A SEPARATE ONE STORY STRUCTURE BETWEEN THE TWO BUILDING SERVES AS THE OFFICE/STORAGE. TWO 24-UNIT BUILDINGS WITH A PAVED PARKING SPACES. FOR 85 CARS. FANTASTIC INCOME OPPORTUNITY WITH THE POTENTIAL TO GROW!!.

Listing Courtesy of RE/MAX At Home

Marketed By

Property ID:11277016

MLS ID:11277016

Listing Courtesy of RE/MAX At Home
United StatesIllinoisMarengo604-620 E Grant Highway