Marengo IL Real Estate &

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Beds:
3
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12677846
Type:
Multi-Family
A broker reciprocity listing Courtesy: Baird & Warner 815-459-1855
View additional info

ADDITIONAL INFORMATION

Investors, this is the one you've been waiting for! Solid 2-flat in Marengo offers two well-configured units and excellent income potential. The lower level features 2 bedrooms and 1 full bath, while the upper level offers 1 bedroom, 1 full bath, and a walk-in closet. Enjoy the charm of a large front porch, a full basement for added storage and utility, and a large 2-car garage that sets this property apart. Property needs some TLC - a perfect opportunity for investors looking to add value and maximize their return. Live in one unit and rent the other, or rent both for full income potential. A true buy-and-hold gem with strong bones and lasting appeal. Schedule your showing today!

Beds:
6
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12568570
Type:
Multi-Family
Subdivision:
Parkrise
Lot size:
0.24 Acres
Year built:
1977
A broker reciprocity listing Courtesy: RE/MAX At Home 847-255-1000
View additional info

ADDITIONAL INFORMATION

Outstanding investment opportunity! This free-standing ranch-style triplex offers three spacious units, each featuring 2 bedrooms, 1 full bath, and an attached one-car garage. Two of the three units are currently leased, generating monthly rental income. The third unit is vacant and ready for your personal finishing touches and updates. Once renovated, the property has an excellent rental potential annually, making it an exceptional income-producing asset. Looking for an owner-occupied investment? This property is the perfect fit. Renovate the vacant unit, move in, and enjoy the benefits of owner-occupied financing while the rental income from the other two units helps long term. Each unit is separately metered with 200-amp electrical service and electric heat. Tenants pay their own electricity and water, while the owner is responsible only for garbage service, helping to keep operating expenses low and maximizing cash flow. Whether you're an experienced investor seeking strong cash-on-cash returns or a buyer looking to build long-term wealth through real estate, this property offers tremendous upside and outstanding potential. Opportunities like this are hard to find. Schedule your private showing today!

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Marengo Real Estate

Marengo is located in Illinois. Marengo, Illinois has a population of 7,466. Marengo is less family-centric than the surrounding county with 27.18% of the households containing married families with children. The county average for households married with children is 33.95%.

The median household income in Marengo, Illinois is $65,136. The median household income for the surrounding county is $93,801 compared to the national median of $69,021. The median age of people living in Marengo is 30.5 years.

Marengo Weather

The average high temperature in July is 83.1 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 36.5 inches per year, with 33.8 inches of snow per year.

Marengo Map

Marengo Real Estate Market Conditions

  • Median sales price

    $390,000
    12.6%
    change since last quarter
  • # Active listings

    97
    30-day change

Marengo Schools and Demographics

Education near Marengo, IL

City County
High School Graduates 92.18 93.54
College Degree - 2 year 7.7 9.37
College Degree - 4 year 14.84 35.19
Graduate Degree 3.46 9.38
Expenditures per Student 18,892 18,892
Students per Teacher 13.7 13.7

Elementary Schools near Marengo, IL

Grades Students P/T Ratio ZIP
Davenport Elementary School PK - 01 237 13.7 60135
Leggee Elementary School KG - 05 1,161 16.4 60142
Locust Elementary School PK - 03 521 17.5 60152
Riley Comm Cons School KG - 08 301 12.8 60152

Middle Schools near Marengo, IL

Grades Students P/T Ratio ZIP
Genoa-Kingston Middle School 06 - 08 435 15.3 60135
Marengo Comm Middle School 06 - 08 322 16.2 60152
Ulysses S Grant Intermediate School 04 - 05 209 16.7 60152

High Schools near Marengo, IL

Grades Students P/T Ratio ZIP
Genoa-Kingston High School 09 - 12 596 16.6 60135
Huntley High School 09 - 12 2,747 18.8 60142
Marengo High School 09 - 12 727 15.3 60152

Ungraded Schools near Marengo, IL

Grades Students P/T Ratio ZIP
* Evergreen Academy 08 - 12 19 60180

Demographics near Marengo, IL

City County
Neighborhood Type Small town
Population 7,466 310,749
Population Density 944 515
Median Age 30.5 40.4
People per Household 2.6 2.7
Median Household Income 65,136 93,801
Average Income per Capita 32,094 43,047

Real estate near Marengo