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Marengo, IL Apartment Buildings for Sale

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Marengo Multifamily Investment Opportunity
$6,999,970
2.42 Acres

Marengo Multifamily Investment Opportunity

604-620 E Grant Hwy, Marengo, IL 60152

Fully occupied apartment complex with significant income growth potential.

  • Substantial income growth potential due to below‑market rents.
  • 48 units (36 two‑bedroom, 12 one‑bedroom) providing a diverse rental income stream.
  • Recent capital improvements: newer roof (2019) and new windows/patio doors (2023).
  • Excellent condo conversion opportunity.
  • Two‑bedroom units in Building 620 include in‑closet washers and dryers.
Updated: Dec 10, 2025
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SunnySide Apartments: Marengo, IL
$6,999,970
49,680 SF

SunnySide Apartments: Marengo, IL

604 Grant Hwy, Marengo, IL 60152

48-Unit Apartment Complex, High ROI

  • 48‑unit multifamily complex in Marengo, IL, on a 2.42‑acre lot.
  • Recently renovated (2023) Class B property with new roof (2019), windows, and patio doors.
  • 100% occupancy, generating $560,700 NOI and an 8.01% cap rate.
  • Asking price: $6,999,970 ($145,832.71 per unit, $140.90 per square foot).
  • Significant upside potential due to below‑market rents and potential condo conversion.
Updated: Dec 11, 2024
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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Marengo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Woodstock Income Property For Sale
$825,000
0.09 Acres

Woodstock Income Property For Sale

Eleven-unit income property in the heart of downtown Woodstock, Illinois.

117 E Van Buren St, Woodstock, IL 60098
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Upscale Woodstock Office Condo
$195,000
4,320 SF

Upscale Woodstock Office Condo

Prime location, 1388 sq ft, professional office space.

665 Calhoun St, Woodstock, IL 60098
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McHenry Multifamily Investment
$690,000

McHenry Multifamily Investment

24-Unit Apartment Building, High ROI

3937 Main St, McHenry, IL 60050
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Updated Mixed-Use Property For Sale
$410,000
0.21 Acres

Updated Mixed-Use Property For Sale

Updated mixed-use property with retail and residential units in McHenry.

1308 Park St, McHenry, IL 60050
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Explore Off-Market Properties in Marengo, IL

Consider similar Off-Market properties in Marengo, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

604 Grant Hwy

604 Grant Hwy

Multifamily properties • 49,680 SF
Value Estimation by Request
604 Grant Hwy, Marengo, IL 60152
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Marengo, IL Apartment Buildings Investment Opportunities Market Analysis

Explore 3 apartment buildings for sale in Marengo, IL on our real estate platform. These investment opportunities span a total of 210,830 square feet of properties for sale, with an estimated market value of $13,999,940.

Prices for two-family homes in Marengo, IL start at $6,999,970, averaging $6,999,970, and reaching up to $6,999,970 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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