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listing
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CommercialFor Sale
$6,999,970
604-620 E Grant Highway
Marengo, IL 60152
Courtesy of Re/max At Home
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID
49,680Sq Ft
Est. Mortgage
$36,233/mo

**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!

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