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Four-Unit Income Property

722/724 W Grant Highway Marengo, IL 60152

Claim this Listing
For Sale
Under Contract
$385,000

MULTI_FAMILY - Other - Marengo, IL

Lot size:
0.60 Acres
Added:
May 26, 2026
Days on Market:
48
Last Refresh:
Jul 12 at 8:06 am

Property Features for 722/724 W Grant Highway

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Rooms
Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 8, Bedroom 9, Bedroom 4, Bathroom 4
Parking
6
Parking features
Owned, Garage, Driveway, Assigned, Carport
Patio and Porch features
Patio
Basement
Partial
Standard status
Active Under Contract
APN
1135251017
Lot size
0.60 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7903

Utilities

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

Building Details

Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other

Listing agent Sandra Butenschoen License #475081467

Listing office CENTURY 21 New Heritage 203 W Grant Hwy, Hampshire, IL

Listing date May 26, 2026

MLS# 12654421 Listing URL

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 for-sale four-unit income property is located at 722/724 W Grant Highway in Marengo, Illinois. The building is offered as-is and is set on a 0.6-acre site with 125 feet of frontage. The property is described as income producing, and each unit has separate electric billing.

The site is positioned on Grant Highway (Rt 20) and is in immediate B2 vicinity, which the listing notes may support a range of potential future uses. The remarks also indicate that an adjoining property at 704 W Grant is available for sale separately.

For tenants, the separate electric bills can simplify payments and household budgeting. For buyers, the combination of a functioning four-unit setup and meaningful frontage on a high-visibility corridor may appeal to operators looking for a straightforward multi-family asset, with the added consideration that the adjacent parcel is also being offered for sale. The property is being sold as-is with no exceptions.

Key Highlights

  • 4‑unit income‑producing property on W. Grant Highway (Rt 20)
  • 0.6‑acre lot with 125' frontage in immediate B2 vicinity
  • Rents are $3,075/month with prompt‑paying tenants

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Parking Lot & Garage Electrical Service Auto Parts Store Bakery Garden Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Big Box & Wholesale Store

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

FAQs

What type of property is this?
Quadplex - Four rental units with separate electric bills on a sizable lot with substantial frontage.
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 property on W. Grant Highway (Rt 20); 0.6‑acre lot with 125' frontage in immediate B2 vicinity; Rents are $3,075/month with prompt‑paying tenants
Contact an agent
More about this property
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