$849,000
( )
 $4,558 est/mo Sourced by Back At You

110 E Prairie Street , Marengo, IL 60152

Marengo, IL 60152

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Description

Prime Investment Opportunity in Downtown Marengo - Fully Leased 10-Unit Apartment Building. Located in the heart of Marengo, IL, presents an exceptional investment opportunity. The property has undergone recent updates, enhancing its appeal and boosting rental income. Constructed with durable brick and block, the building requires minimal maintenance, making it a hassle-free investment. Tenants are responsible for their own electric bills, while the landlord only covers real estate taxes and water, with no natural gas utilized on the property. The building offers an excellent opportunity for investors seeking a low-maintenance, high-return asset. This property is ideally located within walking distance to local restaurants, banks, bars, and other conveniences. This fully leased, updated apartment building offers an outstanding opportunity for both seasoned investors and those new to the market, providing strong cash flow with low operational costs and minimal management requirements.

Details

MLS#12136437
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1900
Days On Site188
Listing Provided ByBaird & Warner | Janelle Vik

Features

Story(s)2
Units10
ZoningCOMMR
Acreage0.18

Market Activity 60152

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Learn More About This Property

StateIL
CountyMcHenry
CityMarengo
Zip Code60152
AreaHarmony | Marengo
Listing VS Median (in 60152)
Price:
$849,000
low | high
Med:
$294,450
100% of Average
On Site:
188
low | high
Med:
42.500000
100% of Average
Sourced by Back At You
Listing Updated: January 21, 2025 at 12:50:51 PM PST