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$ 849,000

Est. payment -/mo

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Price Dropped by $51K

110 E Prairie ST Marengo, IL 60152

7,840 Sqft Lot

UPDATED:

10/18/2024 05:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12136437

Year Built 1900

Annual Tax Amount $12,632

Tax Year 2023

Lot Size 7,840 Sqft

Lot Dimensions 90 X 60 X 88 X 58

Property 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.

Location

State IL

County Mchenry

Area Harmony / Marengo

Zoning COMMR

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Sanitary Sewer, Water-Municipal

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick,Concrete

Others

HOA Fee Include Water

Listed by Janelle Vik • Baird & Warner

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