48-Unit Garden Apartment
New
For Sale
$6,999,970
604-620 E Grant Highway, Marengo, IL 60152
Two-story garden-style buildings provide separate utilities and a mix of one- and two-bedroom apartments.
Property SizeContact for details
Days on Market3
Property Features for 604-620 E Grant Highway
General Information
Standard status
Active
Total Parking Spaces
85
Zoning
MULTI
Occupancy
100%
Net Operating Income
$502,673
Units
Unit Mix
36 x 2BR, 12 x 1BR
Multifamily Units
48
Taxes and HOA fees
Annual Taxes
$56,793
Amenities
in-closet washer/dryer
New
N
Y
Multi-Family
24-Hr Notice Required,No Sign on Property
Active
10
no
Condominium, Multi-Family
36-50 Years
Fire Extinguisher/s,Sprinklers-Wet,Carbon Monoxide Detector(s)
None Known
yes
5
Multi Family 5+
IDX
2027-07-31T05:00:00
Window Unit(s)
2
Electric
48
Garden Complex
Composition
Circuit Breakers, Service - 0 to 100 Amps
City Street
Curbs and Gutters,Lighting/Exterior
Pitched
51-100 Spaces
Concrete Perimeter
217.6X33X90.2X6X88.4X384.3X281.8X383.9
105415
Brick, Block
Building Details
Year Built
1978
Buildings
2
Stories
2
Construction
garden-style
Tenancy
Multi
Listing Agency:
(773) 232-4896
Listed By:
Jeff Kropp
(773) 232-4896
Source:
Chicagobuyeragents.idxbroker
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeff Kropp
Investment Insights
Based on property information with market context.
This 48-unit apartment complex comprises two garden-style, two-story buildings constructed in 1978. The unit mix includes 36 two-bedroom apartments and 12 one-bedroom apartments, with separate utilities throughout. Two-bedroom units in Building 620 include in-closet washers and dryers. A separate one-story structure between the buildings provides office and storage space. Capital improvements include a roof installed in 2019 and new windows and patio doors added in 2023.
Located at 604-620 E Grant Highway in Marengo, the property is within the Central Business District. The site includes 85 paved parking spaces, and the property is zoned MULTI. The complex is fully occupied, with long-term tenants in place.
Located at 604-620 E Grant Highway in Marengo, the property is within the Central Business District. The site includes 85 paved parking spaces, and the property is zoned MULTI. The complex is fully occupied, with long-term tenants in place.
Key Highlights
- 48 units: 36 two‑bedroom and 12 one‑bedroom apartments
- Two garden‑style, two‑story buildings plus a one‑story office and storage structure
- Roof updated in 2019; windows and patio doors installed in 2023
Property Analytics
Current Use
Lease Details
48
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 60152, IL
12,382
Population
4,715
Households
2.6
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
95.4 sq mi
ZIP Area
130
Density / Sq Mi
$94,209
Median Household Income
$51,808
Median Earnings
$1,090
Median Rent
$259,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story garden-style buildings provide separate utilities and a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 604-620 E Grant Highway Marengo, IL.
What is the asking price?
The asking price for this property is $6,999,970.
What are key features of this property?
This property features: 48 units: 36 two‑bedroom and 12 one‑bedroom apartments; Two garden‑style, two‑story buildings plus a one‑story office and storage structure; Roof updated in 2019; windows and patio doors installed in 2023
