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604-620 E Grant Highway
Marengo IL 60152 US

$6,999,970

Active Listing ID 12443014
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84 bed
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48.00 Bath (48 Full)
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Lot: 2.42 Acres
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Other

$6,999,970

Active Listing ID 12443014
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604-620 E Grant Highway **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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Property Features

  • Facts
  • Lot Size: 2.42 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 48
  • Cooling System: Window Unit(s)
  • Roof Type: Composition

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 6999970
  • unparsedaddress: 604-620 E Grant Highway
  • postalcity: Marengo
  • stateorprovince: IL
  • country: US
  • postalcode: 60152
  • bathroomsfull: 48
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.42
  • lotsizeunits: Acres
  • lotsizearea: 2.42
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Basel Tarabein
  • listagentemail: baseltarabein@remax.net
  • listagentkey: 3yd-MREDIL-82783
  • listagentmlsid: 82783
  • listagentpreferredphone: 847-255-1000
  • listagentofficephone: 8472551970
  • listofficekey: 3yd-MREDIL-8390
  • listofficemlsid: 8390
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1978
  • listagenturl: http://REMAXATHOME.ILLINOISPROPERTY.COM
  • countyorparish: McHenry
  • parcelnumber: 1136327042
  • cooling: Window Unit(s)
  • constructionmaterials: Brick, Block
  • numberofunitstotal: 48
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 4, Bathroom 41, Bedroom 6, Bathroom 12, Bedroom 82, Bathroom 29, Bedroom 35, Bedroom 46, Bathroom 33, Bedroom 33, Bathroom 4, Bathroom 40, Bedroom 1, Bedroom 54, Bedroom 60, Bathroom 6, Bedroom 80, Bedroom 61, Bathroom 39, Bedroom 39, Bedroom 48, Bedroom 55, Bedroom 67, Bedroom 27, Bathroom 32, Bedroom 3, Bedroom 24, Bedroom 49, Bathroom 5, Bathroom 31, Bedroom 47, Bedroom 8, Bedroom 36, Bedroom 63, Bathroom 42, Bedroom 68, Bathroom 23, Bathroom 43, Bathroom 48, Bathroom 7, Bedroom 28, Bathroom 46, Bathroom 16, Bedroom 51, Bathroom 10, Bedroom 21, Bathroom 19, Bedroom 7, Bathroom 20, Bedroom 10, Bathroom 47, Bathroom 36, Bedroom 62, Bedroom 57, Bedroom 18, Bedroom 74, Bathroom 26, Bathroom 13, Bedroom 13, Bedroom 71, Bedroom 11, Bedroom 44, Bedroom 40, Bedroom 64, Bathroom 15, Bedroom 58, Bedroom 15, Bathroom 38, Bedroom 23, Bedroom 9, Bathroom 17, Bathroom 14, Bedroom 65, Bedroom 53, Bedroom 69, Bathroom 34, Bathroom 27, Bedroom 73, Bedroom 77, Bedroom 38, Bedroom 56, Bedroom 26, Bedroom 83, Bedroom 29, Bathroom 37, Bedroom 22, Bedroom 30, Bedroom 17, Bathroom 11, Bedroom 34, Bathroom 35, Bedroom 75, Bedroom 81, Bedroom 66, Bathroom 22, Bedroom 52, Bedroom 78, Bedroom 5, Bathroom 25, Bathroom 45, Bedroom 19, Bedroom 76, Bedroom 84, Bathroom 30, Bedroom 12, Bathroom 21, Bedroom 41, Bathroom 28, Bedroom 79, Bedroom 32, Bedroom 2, Bedroom 25, Bathroom 9, Bathroom 24, Bathroom 2, Bedroom 42, Bathroom 44, Bedroom 72, Bedroom 43, Bedroom 45, Bedroom 31, Bathroom 18, Bathroom 1, Bedroom 59, Bedroom 70, Bathroom 3, Bedroom 14, Bedroom 20, Bedroom 37, Bathroom 8, Bedroom 16, Bedroom 50
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TARABEIN INC. D/BA RE/MAX AT HOME", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"baseltarabein@remax.net", "ListBrokerageCity":"ROLLING MEADOWS", "ListBrokerageCountry":"US", "ListBrokerageEmail":"BASELT@AOL.COM", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSNI/c5ababc31bc41993011bc45ea2cf1e96/20080821100850711.jpg", "ListBrokerageName":"TARABEIN INC. D/BA RE/MAX AT HOME", "ListBrokeragePhone":"847-255-1000", "ListBrokeragePostalCode":"60008", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3215 W ALGONQUIN", "ListBrokerageWebsiteUrl":"http://REMAXATHOME.ILLINOISPROPERTY.COM", "ListOfficeAddress1":"3215 Algonquin Road ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"8390", "ListOfficeCity":"Rolling Meadows", "ListOfficeCountry":"USA", "ListOfficeEmail":"baseltarabein@remax.net", "ListOfficePostalCode":"60008", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Marengo, IL", "ListingURL":null, "MLSModificationTimestamp":"2025-12-10 18:03:01", "Neighborhoods":[{"Description":null, "Name":"Harmony / Marengo"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":56793, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/30/2026 6:35:30 PM GMT
Source Updated Date: 2/4/2026 6:48:34 PM GMT

Courtesy of: Basel Tarabein, RE/MAX At Home, baseltarabein@remax.net

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.