Multi-Family: MLS #12697677 Marengo, IL ^$ 469,900

Multi-Family: MLS #12697677

^$ 469,900

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Multi-Family: MLS #12697677

Name: address
Address: IL, 60152

Marengo, IL, 60152

^$ 469,900

Bedrooms6 Baths3.0 Sq 3,000

Monthly Estimate*

^$ 2,967

Multi-Family Home for sale in Marengo, IL

for $469,900 with 6 bedrooms and 3 full baths. This 3,000 square foot home was built in 1977 on a lot size of 0.24.

Outstanding investment opportunity! This free-standing ranch-style triplex offers three spacious units, each featuring 2 bedrooms, 1 full bath, and an attached one-car garage. All three units are fully rented. The third unit is being fully renovated now and the tenant should be moving in at the end of the month. The total rental income is $57,240. Each unit is separately metered with 200-amp electrical service and electric heat. Tenants pay their own electricity and water, while the owner is responsible only for garbage service, helping to keep operating expenses low and maximizing cash flow. Whether you're an experienced investor seeking strong cash-on-cash returns or a buyer looking to build long-term wealth through real estate, this property offers tremendous upside and outstanding potential. Opportunities like this are hard to find. Schedule your private showing today!

Multi-Family Active

Price

^$ 469,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,613

Style

Ranch

Lot Size

0.24

Year Built

1977

Town/City

Marengo

County/Region

McHenry

MLS | Web ID

12697677

Features

Exterior

Model 3 UNIT

Parking Features Garage Door Opener Yes Garage Owned Attached Garage

Lot Features Corner Lot Cul-De-Sac

Water Source Public

Total Parking 3

Foundation Details Concrete Perimeter

Lot Dimensions 79X134

Lot Size Acres 0.24

Waterfront Y/N N

Other Equipment Ceiling Fan(s)

General

Sewer Public Sewer

Heating Electric

Possession Closing

Roof Asphalt

Zoning MULTI

Garage Spaces 3

Architectural Style Ranch

Construction Materials Vinyl Siding

Year Built 1977

Township Marengo

Tax Year 2023

Ownership Fee Simple

Gross Income 57240

Community Features Sidewalks Street Lights Street Paved

County McHenry

Net Operating Income 45777

Insurance Expense 2500

New Construction N

Property Type Residential Income Two to Four Units

Subdivision Name Parkrise

Other Structures None

Total Rooms 12

Status New

Directions Route US 20 South on Park

High School Marengo High School

City Marengo

High School District 154

MLS Area Harmony / Marengo

Elementary School Locust Elementary School

Tax Annual Amount 6613

Electric Expense 0

Fuel Expense 0

Middle/Junior High School Marengo Community Middle School

Trash Expense 350

Water Sewer Expense 2000

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 165

Elementary School District 165

Interior

Basement None

Total Bedrooms 6

Total Baths 3

Bedrooms Possible 6

Full Baths Building 3

Half Baths Building 0

Total Number of Units 3

* Excluded Features

List By

Re/Max At Home

Broker

baseltarabein@remax.net;BaselTarabein@remax.net

Affordability Calculator

$3,518

Per Month

Monthly Principal & Interest: $2,967
Monthly Property Taxes: $551
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Marengo, IL

Average List Price ^$327,250

Percent of Sale Price 30%

About Marengo, IL

7,938 Population

23% Since 2002

^$65,196 Median Income

37.8 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1540796 Elementary School

1540407 Middle School

Marengo High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/17/2026	$469,900		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 7/18/2026.

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Multi-Family: MLS #12697677

Multi-Family Home for sale in Marengo, IL

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