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Two-Unit Duplex
New
For Sale
$305,000

307/309 N State Street, Marengo, IL 60152

Residential Income, Marengo, IL

Property SizeContact for details
Days on Market5

Property Features for 307/309 N State Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 1
Parking 4
Parking features Owned, Driveway
Window features Screens
Patio and Porch features Patio
Exterior features Balcony
Basement Unfinished, Full
Lot features Level
Elementary school Locust Elementary School
Middle school Marengo Union Elementary
High school Marengo High School
Elementary school district 165
Middle school district 165
High school district 154
Directions Rt 20/23. N on Rt 23 (State Street) to property on right. Sign.
Subdivision Harmony / Marengo
Standard status Active
APN 1136108007

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7152

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

patio
balcony
laundry hookups

Building Details

Year built 1980
Building materials Vinyl Siding, Brick
Roof type Asphalt
Architectural style Other
Listing Agency: CENTURY 21 New Heritage · Century 21 Real Estate
Listed By: Sandra Butenschoen · License #475081467
Added: Sep 28 Changed: Oct 2 Last Checked: Oct 2 at 7:06PM
MLS# 12770300

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1980, this duplex contains two residences with separate utilities and laundry hookups for each unit. Improvements completed two years ago included fresh paint, new floor coverings, and stainless steel appliances. The property has a full unfinished basement, brick and vinyl siding, a concrete patio at the lower unit, and a balcony at the upper unit.

Both units are leased month to month. An oversized concrete driveway provides additional parking, and the property is zoned MULTI.

Key Highlights

  • Two units with separate utilities and two laundry hookups
  • Renovation completed 2 years ago, including paint, flooring, and stainless steel appliances
  • Full unfinished basement

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store Electrical Service Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence has separate utilities and its own laundry hookups.
Where is this duplex located?
The property is located at 307/309 N State Street Marengo, IL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two units with separate utilities and two laundry hookups; Renovation completed 2 years ago, including paint, flooring, and stainless steel appliances; Full unfinished basement
More about this property
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