110 East Prairie Street
$849,000
11
10
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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,...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.
- Listed by Janelle Vik • Baird & Warner
Property Details for 110 East Prairie Street
Area
Harmony / Marengo
TownshipMarengo
Num of Interior Fireplaces0
ZoningCOMMR
LISTING UPDATED: 10/18/2024 12:06 AM
Property Details for 110 East Prairie Street
Status | Active |
---|---|
MLS # | 12136437 |
Days on Market | 117 |
Taxes | $12,632 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1900 |
Lot Size | 0.18 AC / 7,852 SF |
County | McHenry County |
Building Information for 110 East Prairie Street
Stories2Residences10Year Built1900Building Size-Lot Size0.18 AC / 7,852 SF
Property Information for 110 East Prairie Street
Property History for 110 East Prairie Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 110 East Prairie Street
Taxable ValueLand$14,971Additions$134,397Total$149,368
Tax Record2023$12,632 ($1,053 / month)
Home Facts
Lot Size7,852 SqFtStyleMiscellaneous CommercialCountyMCHENRYAPN11-36-154-007
Schools near 110 East Prairie Street
This home is within Marengo-Union E Cons D 165 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 3 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 5 |
Rating | School | Distance |
---|---|---|
Locust Elementary School PublicPK to 3 | ||
Marengo Community Middle School Public6 to 8 | ||
Marengo High School Public9 to 12 | ||
Ulysses S Grant Intermediate School Public4 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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