Sold: Mar 31, 2023
Address
110-116 E Prairie Street, Marengo, IL
Price
$ 640,000
Property Attributes
  • MLS#11721308
  • TypeMulti-Family
  • CountyMC HENRY
  • CityMarengo
  • Zip60152
  • Style
  • Price$ 640,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.18 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

High cash flow, multi-family investment opportunity in Marengo, IL. This ten (10) unit apartment building offers a strong rental history and low maintenance investment. Currently self-managed, this apartment building consistently returns 100% occupancy. The brick & block building is very low maintenance and requires very little management. All utilities are separate and the landlord only pays RE Taxes & water. Tenants pay the electric - there is no natural gas utilized in the property. Situated in downtown Marengo, the building is within walking distance to restaurants, banks, bars and other conveniences. There is no on-site parking however there is a municipal lot immediately to the north of the property. There is also a laundromat immediately to the north of the subject site. Excellent cash flow building with low maintenance requirements. Very little to do regarding lawn care and snow removal.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60152

Price
AVG $300K
$640K

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