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Marengo, IL Multifamily Homes & Duplexes for Sale

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  • /41

    $6,999,970

    • 49,680 Sq Ft

    604-620 E Grant Hwy, Marengo, IL 60152

    **Incredible Investment Opportunity!** This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom

    Basel Tarabein RE/MAX At Home

    604-620 E Grant Hwy, Marengo, IL 60152
  • /22

    $449,900

    • 6 Beds
    • 3 Baths

    455 Park Dr, Marengo, IL 60152

    **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

    Basel Tarabein RE/MAX At Home

    455 Park Dr, Marengo, IL 60152

Why Live in Marengo

Marengo, IL, is a small community surrounded by farmlands, located about 30 miles from the nearest city. Residents enjoy a slower pace of life with the convenience of local amenities. The town features a mix of siding and brick ranches alongside New Traditional Craftsman homes, with properties ranging from quarter-acre to one-acre lots. Marengo is known for its highly rated schools, including Locust Elementary School and Marengo Community High School, which offers a variety of clubs for students. The town center along State Street is home to various shops and restaurants, such as Marengo Café, Niko’s Pointers Saloon, and Flatlander Market. For groceries, Sullivans Foods is conveniently located by the library. Marengo lacks public transportation, so residents rely on cars to get around, with the nearest medical center, Northwestern Medicine Huntley Hospital, 13 miles away. For recreation, Calvin Spencer Park and the 140-acre Marengo Park District provide shaded green spaces, softball fields, and a disc golf course. The Marengo Park District also houses a fitness center with daycare and recreation programs. Monthly family gatherings at the Marengo-Union Library District and the Marengo Friday Farmers Market offer additional things to do for residents. With its combination of local amenities and a peaceful environment, Marengo provides a balanced lifestyle for its residents.

Home Trends in Marengo, IL

Housing Trends

Median Sale Price
$357,995
Median Single Family Sale Price
$423,410
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$228
Number of Homes for Sale
8
Last 12 months Home Sales
58
Months of Supply
1.70
Median List Price
$414,200
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-11%
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