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Multi Family 5+ · Marengo, IL
$6,999,970
beds · baths
604-620 E Grant Highway, Marengo, IL, 60152
A brick-and-mortar place to make your own — room to make it home.
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What’s special

2.42-acre lot
**Incredible Investment Opportunity!** This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom and 12 one-bedroom apartments, each with separate utilities. The two-bedroom units in Building 620 include in-closet washers and dryers. Additionally, there is a one-story structure between the buildings that serves as an office and storage space. With 85 paved parking spaces, this property is not only a strong rental investment but also presents an excellent condo conversion opportunity. Don't miss this chance to capitalize on a fantastic income-producing asset with significant growth potential!
— the listing agent’s description

The home

Built in 1978
2.42-acre lot
Multi Family 5+

What it’ll cost

$56,793 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$43,994/mo
Principal & interest$37,219
Property taxes$4,733
Homeowners insurance$2,042
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Tour this home

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Jun 3
THU
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FRI
Jun 5
SAT
Jun 6
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7 days on dwello
Price history
Listed for sale
Aug 3, 2026
$6,999,970
Property taxes
2025
Annual tax bill (MLS)
$56,793/yr
From county records — verify with the assessor.

Features

Window Unit(s)BrickBlock

Schools nearby

Zion Lutheran School · 0.7 mi
Marengo Union Elementary · 1.1 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Basel Tarabein · RE/MAX At Home
Listing last updated Aug 9, 2026 · data refreshed from the MLS Aug 9, 2026, 5:10 AM CT
Based on information submitted to the MLS GRID as of Aug 9, 2026, 5:10 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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