USD 5,499,900

604-620 E Grant Highway
Marengo, Illinois 60152

Beds
Baths 0
Building Area 49,680ft2

For Sale

Property Status

Property Description

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!!.

Listed by RE/MAX At Home

Property Details

ID #
11277016
Status
Sale
Type
Commercial
Zip Code
60152
Building Area
49,680ft2
Lot Area
105,415ft2
Year Built
1978
Parking Spaces
86
Cooling
Central Individual, Window Unit(s)
Electric
Actual
Foundation Details
Concrete Perimeter
Frontage Type
City Street

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