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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 © 2025 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: Bathroom 38, Bathroom 26, Bedroom 69, Bathroom 6, Bathroom 22, Bedroom 39, Bathroom 8, Bedroom 54, Bathroom 11, Bedroom 79, Bedroom 71, Bedroom 62, Bedroom 42, Bedroom 36, Bedroom 35, Bathroom 9, Bathroom 40, Bedroom 13, Bathroom 41, Bathroom 43, Bathroom 30, Bedroom 25, Bedroom 40, Bathroom 3, Bedroom 8, Bedroom 10, Bathroom 21, Bathroom 44, Bedroom 55, Bedroom 48, Bathroom 32, Bedroom 44, Bathroom 37, Bathroom 36, Bedroom 15, Bathroom 5, Bedroom 63, Bathroom 13, Bathroom 2, Bathroom 29, Bedroom 81, Bedroom 57, Bedroom 11, Bathroom 15, Bedroom 31, Bedroom 45, Bedroom 61, Bedroom 67, Bedroom 52, Bedroom 14, Bedroom 19, Bedroom 51, Bathroom 12, Bedroom 65, Bedroom 83, Bedroom 59, Bedroom 22, Bathroom 25, Bedroom 5, Bedroom 76, Bedroom 74, Bedroom 58, Bedroom 34, Bathroom 48, Bedroom 3, Bathroom 39, Bedroom 53, Bedroom 70, Bathroom 19, Bedroom 33, Bedroom 80, Bathroom 24, Bedroom 78, Bedroom 29, Bathroom 16, Bedroom 12, Bedroom 6, Bedroom 4, Bedroom 84, Bathroom 18, Bedroom 1, Bathroom 33, Bathroom 28, Bathroom 34, Bedroom 26, Bedroom 20, Bedroom 77, Bathroom 14, Bathroom 42, Bathroom 47, Bathroom 23, Bedroom 47, Bedroom 16, Bedroom 23, Bedroom 66, Bedroom 73, Bedroom 18, Bathroom 20, Bedroom 75, Bedroom 56, Bathroom 10, Bathroom 27, Bedroom 30, Bedroom 7, Bedroom 17, Bedroom 32, Bedroom 21, Bedroom 82, Bathroom 31, Bedroom 43, Bathroom 17, Bedroom 68, Bedroom 50, Bathroom 46, Bedroom 64, Bedroom 60, Bedroom 9, Bedroom 46, Bathroom 4, Bedroom 28, Bedroom 49, Bedroom 24, Bedroom 27, Bathroom 1, Bathroom 7, Bedroom 38, Bedroom 37, Bathroom 45, Bedroom 41, Bedroom 2, Bedroom 72, Bathroom 35
  • 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: 12/20/2025 1:02:43 AM GMT
Source Updated Date: 12/20/2025 6:50:27 PM GMT

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

Copyright © 2025 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.