48-Unit Apartment
For Sale
$6,999,970
604-620 E Grant Highway, Marengo, IL 60152
Commercial Sale, Marengo, IL
Property SizeContact for details
Lot Size2.42 Acres
Days on Market53
Property Features for 604-620 E Grant Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
84
Bathrooms
48
Full bathrooms
48
Rooms
Bedroom 69, Bedroom 24, Bathroom 16, Bedroom 39, Bedroom 60, Bedroom 41, Bathroom 33, Bathroom 11, Bedroom 4, Bathroom 20, Bedroom 75, Bedroom 52, Bathroom 7, Bedroom 76, Bathroom 47, Bedroom 16, Bedroom 45, Bedroom 40, Bathroom 19, Bedroom 46, Bedroom 15, Bathroom 13, Bathroom 44, Bedroom 55, Bedroom 33, Bedroom 42, Bathroom 34, Bathroom 2, Bathroom 45, Bedroom 13, Bedroom 21, Bedroom 84, Bedroom 72, Bedroom 48, Bathroom 8, Bathroom 38, Bedroom 19, Bedroom 81, Bedroom 34, Bathroom 43, Bedroom 2, Bathroom 39, Bathroom 9, Bedroom 56, Bedroom 12, Bedroom 37, Bedroom 6, Bedroom 22, Bedroom 53, Bedroom 57, Bedroom 83, Bedroom 78, Bathroom 28, Bedroom 68, Bathroom 32, Bedroom 3, Bedroom 8, Bedroom 36, Bedroom 30, Bedroom 67, Bedroom 25, Bedroom 82, Bathroom 10, Bedroom 28, Bedroom 17, Bedroom 62, Bedroom 23, Bedroom 65, Bathroom 46, Bedroom 80, Bathroom 4, Bedroom 70, Bathroom 18, Bedroom 66, Bathroom 21, Bathroom 3, Bedroom 26, Bathroom 15, Bathroom 36, Bedroom 35, Bathroom 26, Bathroom 1, Bathroom 12, Bedroom 51, Bedroom 79, Bedroom 49, Bathroom 29, Bedroom 50, Bedroom 7, Bedroom 59, Bathroom 5, Bedroom 54, Bedroom 20, Bedroom 44, Bedroom 63, Bedroom 5, Bathroom 25, Bathroom 14, Bathroom 27, Bedroom 31, Bedroom 32, Bedroom 58, Bathroom 17, Bathroom 30, Bedroom 47, Bedroom 77, Bedroom 29, Bedroom 9, Bathroom 40, Bedroom 74, Bathroom 35, Bedroom 11, Bedroom 10, Bathroom 31, Bathroom 37, Bedroom 27, Bathroom 24, Bathroom 6, Bathroom 41, Bathroom 22, Bedroom 61, Bathroom 48, Bedroom 71, Bedroom 14, Bedroom 1, Bedroom 73, Bathroom 42, Bedroom 18, Bedroom 64, Bathroom 23, Bedroom 38, Bedroom 43
Directions
RT. 23 TO RT. 20
Subdivision
Harmony / Marengo
Standard status
Active
APN
1136327042
Lot size
2.42 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
56793
Utilities
Cooling system
Window Unit(s)
Amenities
laundry room
Building Details
Year built
1978
Floors in Building
2
Number of units
48
Building materials
Brick, Block
Roof type
Composition
Listing Agency:
RE/MAX At Home · RE/MAX International
(847) 255-1000
Listed By:
Basel Tarabein · License #IL 471008459
(847) 255-1970
Added: Aug 3
Changed: Sep 12
Last Checked: Sep 24 at 7:06PM
MLS# 12443014
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.
This 48-unit multifamily property comprises two garden-style, two-story buildings at 604-620 E Grant Highway in Marengo. The unit mix includes 36 two-bedroom apartments and 12 one-bedroom apartments, with separate utilities serving each residence. The buildings were constructed in 1978 and use brick and block construction with window-unit cooling.
Recent capital work includes a composition roof installed in 2019, new windows, patio doors, siding, gutters, and fascia completed in 2023, plus new front entrance doors scheduled for 2026. The remodeled laundry room can accommodate six washers and six dryers; no laundry revenue is currently included. The property occupies 2.42 acres and provides 85 paved parking spaces. All units are currently occupied.
Recent capital work includes a composition roof installed in 2019, new windows, patio doors, siding, gutters, and fascia completed in 2023, plus new front entrance doors scheduled for 2026. The remodeled laundry room can accommodate six washers and six dryers; no laundry revenue is currently included. The property occupies 2.42 acres and provides 85 paved parking spaces. All units are currently occupied.
Key Highlights
- 48 units: 36 two‑bedroom apartments and 12 one‑bedroom apartments
- Two garden‑style, two‑story buildings on 2.42 acres
- 100% occupied with separate utilities for each unit
Property Analytics
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Current Use
Lease Details
48
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two garden-style buildings provide a fully occupied multifamily asset with separate utility metering and updated exterior components.
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 apartments and 12 one‑bedroom apartments; Two garden‑style, two‑story buildings on 2.42 acres; 100% occupied with separate utilities for each unit
