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Listing provided courtesy of CENTURY 21 New HeritageMREDas Distributed by MLSGrid- MLS# 12654421MLS Provider

722/724 W Grant HighwayMarengo, IL 60152

Multi-Family · 9 Beds · 0.60 Acres
$385,000 Price Change

722/724 W Grant Highway Overview

Time on Site:
34 days
Visits:
1

LOCATION, LOCATION, LOCATION!! Situated on Grant Highway (Rt 20.) here is a 4 unit, income producing property. The rents ($3,075 monthly)are below the present going rate, however have good, prompt paying tenants. Separate electric bills. The .6 of an acre has 125' frontage which encourages future development as it is in immediate B2 vicinity...all kinds of possible usages...as an added enticement, the adjoining property 704 W. Grant is also for sale...that parcel is .55 acres. Purchase both and have 1.1 acre on Rt 20 ... investors, give it some thought! Property being sold AS IS no exceptions.

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722/724 W Grant Highway Facts & Features

  • Type Multi-Family
  • Lot 0.60 Acres

Details

General

School Information

  • School District: 154
  • Elementary School: Locust Elementary School
  • High School: Marengo High School

Income/Expenses

  • Insurance Expense: 1500
  • Trash Expense: 960
  • Water Sewer Expense: 2400

Building Information

  • New Construction: No

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Harmony / Marengo
  • Township: Marengo

Tax Information

  • Tax Annual Amount: $7,903.28
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 1135251017
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 4

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 9
  • Bedrooms Possible: 9
  • Full Baths Building: 4

General Information

  • Basement: Cellar, Partial
  • Foundation Details: Stone
  • Heating: Natural Gas, Forced Air
  • Other Equipment: CO Detectors
  • Rooms Total: 18

Exterior

Parking Information

  • Parking Features: Carport, Garage, Yes, Garage Owned, Detached, Assigned, Unassigned, Driveway, Garage Faces Side, Owned
  • Parking Total: 6

Lot Information

  • Additional Parcels: Yes
  • Lot Features: Level
  • Lot Size Acres: 0.6
  • Lot Size Dimensions: 125x208
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Farmhouse
  • Construction Materials: Aluminum Siding
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 900
  • Beds Total: 3
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 850
  • Beds Total: 3
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 775
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 550
  • Beds Total: 1
  • Baths Total: 1

722/724 W Grant Highway Neighborhood

Community

60152 (Marengo) Demographics

39
Median Age
130
Population Density (per sq. mile)
34%
College Educated
$87,792
Estimated Median Income
3,307
Estimated Total Home Owners
1,203
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

722/724 W Grant Highway Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

722/724 W Grant Highway Market Data

Based on the last 30 days in this zip code

$567,574
Average List Price
$241
Average Price per Square Foot
14
Properties Sold
90
Average Days on Market
39
Properties for Sale
Calculations provided by Reliance Network

722/724 W Grant Highway History

Date Event Value Agent
6/29/2026Source: MRED Price Reduction
$385,000 -2.5%
6/29/2026Source: MRED Status Change
Price Change
5/31/2026Source: MRED Status Change
Active
5/26/2026Source: MRED Added to Database
May 26, 2026