455 Park Drive

Marengo, IL 60152

$449,900
Price
6
Beds
3
3,000 Sq. Ft.
$150 / Sq. Ft.
3,000
Sq. Ft.
$150
per Sq. Ft.

Description

Fully Occupied Investment Property with Impressive Cash Flow! This property generates $46,800 in annual gross rental income and is located in a prime area near a park. Each unit features two bedrooms, one bath, washer and dryer hookups, and an attached one-car garage. The units have electric heating and 200-amp service, with tenants responsible for electricity and water, while the owner covers garbage pickup. This property is eligible for FHA financing, allowing you to live in one unit while renting...Fully Occupied Investment Property with Impressive Cash Flow! This property generates $46,800 in annual gross rental income and is located in a prime area near a park. Each unit features two bedrooms, one bath, washer and dryer hookups, and an attached one-car garage. The units have electric heating and 200-amp service, with tenants responsible for electricity and water, while the owner covers garbage pickup. This property is eligible for FHA financing, allowing you to live in one unit while renting out the others. A fantastic investment opportunity with strong cash flow-schedule your showing today!
  1. Listed by Basel Tarabein • RE/MAX At Home

Property Details for 455 Park Drive

Area
Harmony / Marengo
Subdivision
Parkrise
Township
Marengo
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Electric

Location

Listing Courtesy of RE/MAX At Home
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LISTING UPDATED: 08/17/2024 03:41 AM

Property Details for 455 Park Drive

StatusActive
MLS #12130299
Days on Market299
Taxes$6,613 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Story Unit/S
Year Built1977
Lot Size0.24 AC / 10,454 SF
CountyMcHenry County

Building Information for 455 Park Drive

Stories-Residences3Year Built1977Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$2,908 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,357

Property Taxes

$551

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 455 Park Drive

General Information
School Information
  • Elementary School District: 165
  • Elementary School: Locust Elementary School
  • Jr High Middle School: Marengo Community Middle School
  • High School District: 154
  • High School: Marengo High School
  • Middle Or Junior School District: 165
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: None
  • Bedrooms Possible: 6
  • Basement Description: Slab
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 41-50 Years
  • Lot Description: Corner Lot, Cul-de-Sac
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 79X134
  • Total # Units in Building: 3.0
  • Other Structures: None
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2024-08-09T17:13:17
  • Photos Count: 22
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $46,800.00
  • Insurance Expense: $1,300.00
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Trash Expense Year: 2024
  • Net Operating Income: $40,187.00
  • Professional Management Expense: $.00
  • Trash Expense: $350.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 08/25
Unit 2
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/25
Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 08/25

Property History for 455 Park Drive

DateEvent & SourcePriceAppreciation
Aug 9, 2024

Listed (Active)

MRED #12130299

$449,900
Nov 24, 2022

Expired

MRED #11276909

$349,900
Jun 18, 2022

Temporarily Off Market

MRED #11276909

$349,900
Nov 24, 2021

Listed (Active)

MRED #11276909

$399,900
Jan 9, 2021

Cancelled

MRED #10827352

$269,900
Nov 19, 2020

Listed (Active)

MRED #10827352

$269,900
Dec 31, 2018

Expired

MRED #09750098

$279,900
Sep 13, 2017

Cancelled

MRED #09750094

$27,900
Sep 13, 2017

Listed (Active)

MRED #09750094

$27,900
Sep 13, 2017

Listed (Active)

MRED #09750098

$279,900
Jun 30, 2017

Expired

MRED #09410358

$209,900
Dec 31, 2016

Listed (Active)

MRED #09410358

$209,900
Jul 8, 2016

Sold

MRED #09218174

$150,000
Jun 9, 2016

Sold (Public Record)

Public Record #578747444

$150,000
May 9, 2016

Pending

MRED #09218174

May 6, 2016

Listed (Active)

MRED #09218174

$159,900
Oct 16, 2015

Cancelled

MRED #08757256

$169,000
Apr 5, 2015

Listed (Active)

MRED #08757256

$169,000
DateEvent & SourcePrice
08/09/2024

Listed (Active)

MRED #12130299

$449,900
11/24/2022

Expired

MRED #11276909

$349,900
06/18/2022

Temporarily Off Market

MRED #11276909

$349,900
11/24/2021

Listed (Active)

MRED #11276909

$399,900
01/09/2021

Cancelled

MRED #10827352

$269,900
11/19/2020

Listed (Active)

MRED #10827352

$269,900
12/31/2018

Expired

MRED #09750098

$279,900
09/13/2017

Cancelled

MRED #09750094

$27,900
09/13/2017

Listed (Active)

MRED #09750094

$27,900
09/13/2017

Listed (Active)

MRED #09750098

$279,900
06/30/2017

Expired

MRED #09410358

$209,900
12/31/2016

Listed (Active)

MRED #09410358

$209,900
07/08/2016

Sold

MRED #09218174

$150,000
06/09/2016

Sold (Public Record)

Public Record #578747444

$150,000
05/09/2016

Pending

MRED #09218174

05/06/2016

Listed (Active)

MRED #09218174

$159,900
10/16/2015

Cancelled

MRED #08757256

$169,000
04/05/2015

Listed (Active)

MRED #08757256

$169,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 455 Park Drive

Taxable ValueLand$17,156Additions$64,362Total$81,518
Tax Record2023$6,894 ($574 / month)
Home Facts
Lot Size10,583 SqFtStyleMulti-Family Dwelling (2-4)CountyMCHENRYAPN11-35-328-004

Schools near 455 Park Drive

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.

Similar Homes

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Similar Sold Homes

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455 Park Drive is a multi-family home for sale in Marengo, IL 60152. This property was listed for sale on August 9, 2024 by RE/MAX At Home, it's currently listed at $449,900. It has been on the market for a total of 299 days and was last sold on July 8, 2016. This listing's school districts are Marengo-Union E Cons D 165 School District, Marengo Chsd 154 School District. Nearby schools include Locust Elementary School, Marengo Community Middle School and Marengo High School. 455 Park Drive is a 6-bed, 3-bath, 3,000 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX At Home

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:41 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.