604-620 E Grant Highway Marengo, IL ^$ 6,999,970

604-620 E Grant Highway

^$ 6,999,970

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604-620 E Grant Highway

Marengo, IL, 60152

^$ 6,999,970

Bedrooms3 Baths0.0 Sq 49,680

Monthly Estimate*

^$ 44,199

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Multi-Family Home for sale in Marengo, IL

for $6,999,970 with 3 bedrooms. This 49,680 square foot home was built in 1978 on a lot size of 2.42.

**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!

Multi-Family Active

Price

^$ 6,999,970

Bedrooms

Property Type

Multi-Family

Taxes

^$ 56,793

Style

Multi-Family

Lot Size

2.42

Year Built

1978

Town/City

Marengo

County/Region

McHenry

MLS | Web ID

12443014

Features

General

Cooling Window Unit(s)

Possession Closing

Roof Composition

Zoning MULTI

Construction Materials Brick Block

Year Built 1978

Electric Circuit Breakers Service - 0 to 100 Amps

Tenant Pays Electricity Heat

Stories Count 2

Township Marengo

Tax Year 2022

Current Use Multi-Family

Gross Income 61440

County McHenry

Net Operating Income 502673

Operating Expense 161250

Insurance Expense 10974

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 7890

Possible Use Condominium Multi-Family

Status New

Directions RT. 23 TO RT. 20

City Marengo

Number Of Units Total 48

MLS Area Harmony / Marengo

Lot Size Square Feet 105415

Tax Annual Amount 56793

Electric Expense 5622

Fuel Expense 773

Trash Expense 8609

Water Sewer Expense 31538

Additional Parcels Y/N N

Standard Status Active

Cap Rate 0.71

Interior

Basement None

Total Fireplaces 0

Exterior

Foundation Details Concrete Perimeter

Building Area Total 49680

Lot Dimensions 217.6X33X90.2X6X88.4X384.3X281.8X383.9

Lot Size Acres 2.42

Frontage Type City Street

* Excluded Features

List By

Re/Max At Home

Broker

baseltarabein@remax.net;BaselTarabein@remax.net

Affordability Calculator

$48,931

Per Month

Monthly Principal & Interest: $44,199
Monthly Property Taxes: $4,733
Monthly Home Insurance: --

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Yearly Home Insurance

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 ^$374,800

Percent of Sale Price 95%

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.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/3/2026	$6,999,970		Listed Price

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604-620 E Grant Highway, Marengo, IL, 60152 is a Multi-Family Home for sale at $6,999,970 with 49,680 sqft and a lot size of 2.42. 604-620 E Grant Highway has 3 bedrooms, 0.0 baths, and was built in 1978. The property's zip code is 60152 which is in Marengo, IL

*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 8/4/2026.

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604-620 E Grant Highway

Multi-Family Home for sale in Marengo, IL

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