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    Marengo, IL Multifamily Properties for Sale

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    SunnySide Apartments: Marengo, IL
    $6,999,970
    49,680 SF

    SunnySide Apartments: Marengo, IL

    604 Grant Hwy, Marengo, IL 60152

    48-Unit Apartment Complex, High ROI

    • 48‑unit multifamily complex in Marengo, IL, on a 2.42‑acre lot.
    • Recently renovated (2023) Class B property with new roof (2019), windows, and patio doors.
    • 100% occupancy, generating $560,700 NOI and an 8.01% cap rate.
    • Asking price: $6,999,970 ($145,832.71 per unit, $140.90 per square foot).
    • Significant upside potential due to below‑market rents and potential condo conversion.
    Updated: Dec 11, 2024
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Marengo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Income Property Near Square
    $274,000
    1,334 SF

    Well-Maintained Income Property Near Square

    Income-producing duplex near Woodstock Square with separate utilities.

    726 S Jefferson St, Woodstock, IL 60098
    View details
    Woodstock Two-Unit Multifamily Property
    $269,000

    Woodstock Two-Unit Multifamily Property

    Charming two-unit property near Woodstock Square with long-term tenants.

    118 W Donovan Ave, Woodstock, IL 60098
    View details
    Renovated Multifamily Property Near Downtown
    $500,000
    0.30 Acres

    Renovated Multifamily Property Near Downtown

    Three units in turnkey condition near downtown Huntley.

    11611 Main Street Rd, Huntley, IL 60142
    View details
    Huntley Land Investment Opportunity
    $899,000
    5.00 Acres

    Huntley Land Investment Opportunity

    Land in Huntley, IL, offering potential for multifamily investment.

    9204 Haligus Rd, Huntley, IL 60142
    View details

    Explore Off-Market Properties in Marengo, IL

    Consider similar Off-Market properties in Marengo, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    604 Grant Hwy

    604 Grant Hwy

    Multifamily properties • 49,680 SF
    Value Estimation by Request
    604 Grant Hwy, Marengo, IL 60152
    View details

    Marengo, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Marengo, IL on our real estate platform. These investment opportunities span a total of 105,415 square feet of properties for sale, with an estimated market value of $6,999,970.

    Sale prices for multifamily properties in Marengo, IL start at $6,999,970, averaging $6,999,970, and reaching up to $6,999,970 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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