722/724 W Grant Highway, Marengo, IL 60152

Listing agent sandy butenschoen License #IL

Listing office Century 21 New Heritage Marengo

Listing date May 26, 2026

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Marengo

County

McHenry

State

Illinois

Longitude

-88.5977699

Latitude

42.2448838

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FAQs

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 $395,000.

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