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.
Room Features
Basement DescriptionCrawl, Slab
Lot & Building Features
ConstructionBrick, Concrete
CoolingNone
Tax Year2023
Lot Dimensions90 X 60 X 88 X 58 ft
Price History of 110 Prairie, Marengo, IL
Date
Name
Price
Difference
10/12/2024
Price Adjustment
$849,000
5.67%
12/31/1969
Listing Price
$900,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
110 Prairie (MLS #12136437) is a commercial listing located in Marengo, IL.
This is a commercial listing with a lot of 7,841 sqft (or 0.18 acres). This property was listed on 08/13/2024 and has been priced for sale at $849,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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