Four-Unit Income
722/724 W Grant Highway Marengo, IL 60152
For Sale
Contact for pricing
Four rental units on a sizable frontage parcel with separate electric billing, offered for sale as-is in a B2 area.
Lot Size0.60 Acres
Days on Market65
Property Features for 722/724 W Grant Highway
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
Multifamily
Listing Agency:
Century 21 New Heritage Marengo
Listed By:
sandy butenschoen · License #IL
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 24 at 2:53PM
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 Century 21 New Heritage Marengo
Investment Insights
Based on property information with market context.
This for-sale four-unit residential income property includes two addresses, 722/724 W Grant Highway, and is being sold as-is with no exceptions. The seller notes the property is currently producing $3,075 per month in rent, with rents described as below present going rates. The units are configured with separate electric bills.
The site totals 0.6 acres and features approximately 125 feet of frontage along Grant Highway (Rt 20). The property is in immediate B2 vicinity, which may support a variety of future uses, subject to applicable approvals. The adjoining property at 704 W. Grant is also listed for sale, and the seller highlights the option to purchase both parcels to create a larger combined frontage along Rt 20.
For investors or owner-operators, the property offers a straightforward four-plex setup and separate utility billing. For buyers considering a longer-term strategy, the combination of sizable frontage and B2 vicinity is positioned to support evaluation of redevelopment or alternative use options, subject to zoning and permitting requirements.
The site totals 0.6 acres and features approximately 125 feet of frontage along Grant Highway (Rt 20). The property is in immediate B2 vicinity, which may support a variety of future uses, subject to applicable approvals. The adjoining property at 704 W. Grant is also listed for sale, and the seller highlights the option to purchase both parcels to create a larger combined frontage along Rt 20.
For investors or owner-operators, the property offers a straightforward four-plex setup and separate utility billing. For buyers considering a longer-term strategy, the combination of sizable frontage and B2 vicinity is positioned to support evaluation of redevelopment or alternative use options, subject to zoning and permitting requirements.
Key Highlights
- 4‑unit, income‑producing rental property on Grant Highway (Rt 20)
- Rents total $3,075 monthly, with separate electric billing for each unit
- 0.6‑acre lot with 125' frontage on Rt 20 in immediate B2 area
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units on a sizable frontage parcel with separate electric billing, offered for sale as-is in a B2 area.
Where is this quadplex located?
The property is located at 722/724 W Grant Highway Marengo, IL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 4‑unit, income‑producing rental property on Grant Highway (Rt 20); Rents total $3,075 monthly, with separate electric billing for each unit; 0.6‑acre lot with 125' frontage on Rt 20 in immediate B2 area
