Marengo, IL Multifamily properties for sale

Updated: Aug 3

48-Unit Apartment Complex

604-620 E Grant Highway, Marengo, IL 60152

$6,999,970

2.42 AC lot

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
85 paved parking spaces
Composition roof installed in 2019; windows, patio doors, siding, gutters, and fascia updated in 2023

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Updated: Oct 20

Duplex with Renovated Interiors

479 Eisenhower Street, Marengo, IL 60152

$405,000

22.00 AC lot

Two units, each with 3 bedrooms and 2 full bathrooms
Remodeled kitchens include stainless steel appliances and soft‑close cabinetry
Major improvements: roof, water heaters, subflooring, and radiators in 2021; decks rebuilt in 2022; asphalt driveway installed in 2025
Separate, secure basement storage areas for each residence
Laundry hookups in both units; upper unit has two walk‑in closets

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Two-Unit Duplex

307/309 N State Street, Marengo, IL 60152

$305,000

Each residence has separate utilities and its own laundry hookups.

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Two-Story Garden-Style Apartment Buildings

604-620 E Grant Hwy, Marengo, IL 60152

$6,999,970

49,680 sqft

Fully occupied multifamily property with separate utility metering, recent exterior improvements, and on-site laundry facilities.

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Triplex with Storage Building

322/324 W. Washington Str W Washington Street, Marengo, IL 60152

$405,000

0.34 AC lot

The property includes two driveways, a detached storage building, and updates to several bathrooms and windows.

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Ranch Multifamily Property

Marengo, IL 60152

$469,900

0.24 AC lot

Ranch-style multifamily property in Marengo, IL, zoned MULTI, on a 0.24-acre lot.

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Duplex with Detached Garage

324 Maple St, Marengo, IL 60152

$460,000

A separate one-bedroom apartment complements the three-bedroom primary residence.

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Duplex with Separate Utilities

307 /309 N State St, Marengo, IL 60152

$305,000

Two laundry hookups and outdoor space serve a two-unit property with month-to-month leases.

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Three-Unit Ranch Triplex

455 Park Drive, Marengo, IL 60152

Contact for pricing

Freestanding multifamily property with separately metered residences and attached garages, offering a mix of occupied and vacant units.

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 9 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, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Mixed-Use Property with Workshop

782 Washington St, Woodstock, IL 60098

$500,000

3,336 sqft 0.75 AC lot

Five apartments share the property with heated workspace, storage, and multiple garage areas.

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Mixed-Use Property with Apartments

782 Washington Street, Woodstock, IL 60098

$500,000

0.67 AC lot

The property combines multifamily housing with a heated office and workshop, storage space, and separate garages.

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New Single-Story Duplex Home

12215 Barcroft Circle, Huntley, IL 60142

$336,390

Two-bedroom duplex with study in amenity-rich Huntley community.

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New Duplex in Huntley

12235 Barcroft Circle, Huntley, IL 60142

$336,390

Single-story duplex with modern comfort near downtown Huntley.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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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.

Multifamily properties

604 Grant Hwy, Marengo, IL 60152

Estimated value: by Request

49,680 sqft 2.42 AC lot

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Marengo, IL Multifamily Properties Market Trends and Statistics

Explore 10 multifamily properties for sale in Marengo, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 49,680 square feet of properties for sale, with an estimated market value of $16,349,840.

Sale prices for multifamily properties in Marengo, IL start at $305,000, averaging $2,043,730, 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.

Neighborhood	Average Price
60152	$3M

Neighborhood

Average Price

60152

$3M