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0 Beds
49,680 sqft

$6,999,970

604-620 E Grant Highway, Marengo IL, 60152

Price per sqft$140.90
Built in1978
Property size49,680 sqft
Property typeMulti-family
Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

Overview

Active

Listed Aug 3, 2026

Updated 34h ago

**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today's market, this exceptional income-producing asset is truly an investor's dream. Don't miss this rare opportunity to acquire a well-positioned multifamily property with significant growth potential!

$46,571/mo

Est. mortgage payment based on a $6,999,970 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12443014

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
2.42 Acres

Other Property Details

Taxes
$56,793
Tax Frequency
Annually
Maintenance Expense
$7,890
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Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Afrouz Kameli are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/10/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 6:35 AM UTC on 10/10/2026. 

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