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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 **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!

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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
  • latitude: 42.246155
  • longitude: -88.60009
  • 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
  • listingcontractdate: 2026-08-03
  • 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 69, Bedroom 24, Bathroom 16, Bedroom 39, Bedroom 60, Bedroom 41, Bathroom 33, Bathroom 11, Bedroom 4, Bathroom 20, Bedroom 75, Bedroom 52, Bathroom 7, Bedroom 76, Bathroom 47, Bedroom 16, Bedroom 45, Bedroom 40, Bathroom 19, Bedroom 46, Bedroom 15, Bathroom 13, Bathroom 44, Bedroom 55, Bedroom 33, Bedroom 42, Bathroom 34, Bathroom 2, Bathroom 45, Bedroom 13, Bedroom 21, Bedroom 84, Bedroom 72, Bedroom 48, Bathroom 8, Bathroom 38, Bedroom 19, Bedroom 81, Bedroom 34, Bathroom 43, Bedroom 2, Bathroom 39, Bathroom 9, Bedroom 56, Bedroom 12, Bedroom 37, Bedroom 6, Bedroom 22, Bedroom 53, Bedroom 57, Bedroom 83, Bedroom 78, Bathroom 28, Bedroom 68, Bathroom 32, Bedroom 3, Bedroom 8, Bedroom 36, Bedroom 30, Bedroom 67, Bedroom 25, Bedroom 82, Bathroom 10, Bedroom 28, Bedroom 17, Bedroom 62, Bedroom 23, Bedroom 65, Bathroom 46, Bedroom 80, Bathroom 4, Bedroom 70, Bathroom 18, Bedroom 66, Bathroom 21, Bathroom 3, Bedroom 26, Bathroom 15, Bathroom 36, Bedroom 35, Bathroom 26, Bathroom 1, Bathroom 12, Bedroom 51, Bedroom 79, Bedroom 49, Bathroom 29, Bedroom 50, Bedroom 7, Bedroom 59, Bathroom 5, Bedroom 54, Bedroom 20, Bedroom 44, Bedroom 63, Bedroom 5, Bathroom 25, Bathroom 14, Bathroom 27, Bedroom 31, Bedroom 32, Bedroom 58, Bathroom 17, Bathroom 30, Bedroom 47, Bedroom 77, Bedroom 29, Bedroom 9, Bathroom 40, Bedroom 74, Bathroom 35, Bedroom 11, Bedroom 10, Bathroom 31, Bathroom 37, Bedroom 27, Bathroom 24, Bathroom 6, Bathroom 41, Bathroom 22, Bedroom 61, Bathroom 48, Bedroom 71, Bedroom 14, Bedroom 1, Bedroom 73, Bathroom 42, Bedroom 18, Bedroom 64, Bathroom 23, Bedroom 38, Bedroom 43
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -88.60009, 42.246155
  • 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://lh.rdcpix.com/c5ababc31bc41993011bc45ea2cf1e96k-c1899403845r.gif", "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":"US", "ListOfficeEmail":"baseltarabein@remax.net", "ListOfficePostalCode":"60008", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Marengo, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/604-620-E-Grant-Hwy_Marengo_IL_60152_M95427-09483?f=listhub&s=MREDIL&m=12443014&c=rexren", "MLSModificationTimestamp":"2026-09-10 17:07:04", "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: 9/13/2026 12:50:07 AM GMT
Source Updated Date: 9/26/2026 12:48:20 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.