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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 73, Bathroom 8, Bedroom 71, Bedroom 45, Bedroom 60, Bathroom 21, Bathroom 38, Bedroom 10, Bathroom 6, Bedroom 17, Bathroom 20, Bedroom 80, Bedroom 42, Bedroom 37, Bedroom 44, Bedroom 51, Bedroom 56, Bedroom 69, Bathroom 36, Bedroom 21, Bedroom 19, Bedroom 52, Bedroom 54, Bedroom 32, Bathroom 42, Bathroom 35, Bathroom 17, Bedroom 58, Bathroom 14, Bedroom 30, Bathroom 1, Bedroom 36, Bedroom 74, Bedroom 1, Bedroom 24, Bathroom 27, Bathroom 26, Bedroom 59, Bedroom 47, Bedroom 46, Bedroom 72, Bedroom 2, Bedroom 68, Bathroom 39, Bathroom 37, Bedroom 67, Bathroom 24, Bedroom 81, Bedroom 62, Bedroom 11, Bedroom 18, Bedroom 4, Bedroom 64, Bedroom 66, Bathroom 44, Bathroom 18, Bedroom 14, Bathroom 10, Bedroom 15, Bathroom 4, Bedroom 26, Bedroom 57, Bathroom 47, Bedroom 3, Bathroom 5, Bathroom 30, Bathroom 2, Bathroom 16, Bathroom 46, Bedroom 9, Bedroom 61, Bathroom 29, Bathroom 12, Bathroom 25, Bedroom 48, Bedroom 28, Bedroom 55, Bedroom 27, Bedroom 43, Bathroom 33, Bedroom 12, Bathroom 22, Bedroom 35, Bedroom 16, Bedroom 63, Bathroom 43, Bedroom 83, Bedroom 76, Bedroom 82, Bedroom 8, Bedroom 6, Bedroom 41, Bathroom 40, Bedroom 84, Bathroom 32, Bedroom 39, Bedroom 40, Bedroom 77, Bathroom 45, Bedroom 13, Bedroom 33, Bedroom 23, Bedroom 78, Bathroom 34, Bedroom 5, Bedroom 7, Bathroom 13, Bedroom 25, Bedroom 79, Bedroom 75, Bedroom 38, Bedroom 49, Bedroom 22, Bedroom 31, Bedroom 65, Bathroom 3, Bathroom 7, Bedroom 70, Bathroom 23, Bedroom 50, Bathroom 11, Bathroom 48, Bathroom 28, Bedroom 29, Bedroom 53, Bathroom 31, Bathroom 19, Bathroom 15, Bedroom 34, Bedroom 20, Bathroom 41, Bathroom 9
  • 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":"2026-10-09 18:05:03", "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: 10/23/2026 4:31:59 PM GMT
Source Updated Date: 11/10/2026 1:02:43 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.