$810,000
$849,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
110 E Prairie ST Marengo, IL 60152
7,840 Sqft Lot
Key Details
Sold Price $810,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12136437
Year Built 1900
Annual Tax Amount $12,632
Tax Year 2023
Lot Size 7,840 Sqft
Property Sub-Type Multi Family 5+
Property Description
Prime Investment Opportunity in Downtown Marengo - Fully Leased 10-Unit Apartment Building. Located in the heart of Marengo, IL, presents an exceptional investment opportunity. The property has undergone recent updates, enhancing its appeal and boosting rental income. Constructed with durable brick and block, the building requires minimal maintenance, making it a hassle-free investment. Tenants are responsible for their own electric bills, while the landlord only covers real estate taxes and water, with no natural gas utilized on the property. The building offers an excellent opportunity for investors seeking a low-maintenance, high-return asset. This property is ideally located within walking distance to local restaurants, banks, bars, and other conveniences. This fully leased, updated apartment building offers an outstanding opportunity for both seasoned investors and those new to the market, providing strong cash flow with low operational costs and minimal management requirements.
Location
State IL
County Mchenry
Area Harmony / Marengo
Zoning COMMR
Interior
Cooling None
Exterior
Utilities Available Sewer Connected
Building
Water Municipal Water
Structure Type Brick,Concrete
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Bought with Joan Couris of Keller Williams Thrive
