Seller's Agent in 2025
Janelle Vik
Baird Warner
(630) 841-6646
1 in this area
49 Total Sales
110 E Prairie St Marengo, IL 60152
--
Bed
--
Bath
--
Sq Ft
7,852
Sq Ft Lot
About This Home
As of March 2025Prime 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,632
Year Built
- Built in 1900
Lot Details
- 7,852 Sq Ft Lot
- Lot Dimensions are 90 x 60 x 88 x 58
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Concrete Block And Stucco Construction
Interior Spaces
- 2-Story Property
Basement
- Exterior Basement Entry
- Crawl Space
Utilities
- No Cooling
- Heating Available
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- Association fees include water
- 10 Units
Building Details
- Electric Expense $1,800
- Insurance Expense $2,400
- Trash Expense $1,380
- Water Sewer Expense $5,800
- Operating Expense $24,011
- Gross Income $109,800
- Net Operating Income $85,789
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 2023
Sold by
Safal Real Estate Inc
Bought by
Mmm Investment Partners Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Outstanding Balance
$496,967
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$361,247
Purchase Details
Closed on
Oct 23, 2017
Sold by
Chicago Title Land Trust Co
Bought by
Safal Real Estate Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 21, 2011
Sold by
Joyce Irene and Bajalcaliev Irene
Bought by
Chicago Title Land Trust Company and Trust #8002356681
Purchase Details
Closed on
Dec 19, 2001
Sold by
Cosmopolitan Bank & Trust
Bought by
Bajalcaliev Irene
Purchase Details
Closed on
Apr 17, 2001
Sold by
Skyba Nicholas
Bought by
Skyba Irene
Purchase Details
Closed on
Dec 15, 1997
Sold by
Harris Bank Woodstock
Bought by
Cosmopolitan Bank & Trust and Trust #30736
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.36%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | Altima Title | |
| Trustee Deed | $420,000 | Chicago Title | |
| Quit Claim Deed | -- | Chicago Title Land Trust Co | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Trustee Deed | $300,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $512,000 | New Conventional | |
| Previous Owner | $336,000 | Commercial | |
| Previous Owner | $225,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Sold | $810,000 | -4.6% | -- |
| 01/11/2025 01/11/25 | Pending | -- | -- | -- |
| 10/12/2024 10/12/24 | Price Changed | $849,000 | -5.7% | -- |
| 08/13/2024 08/13/24 | For Sale | $900,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $12,858 | $169,443 | $16,983 | $152,460 |
| 2023 | $12,632 | $149,368 | $14,971 | $134,397 |
| 2022 | $12,117 | $135,077 | $13,539 | $121,538 |
| 2021 | $11,341 | $123,077 | $12,336 | $110,741 |
| 2020 | $11,186 | $117,127 | $11,740 | $105,387 |
| 2019 | $11,876 | $110,979 | $11,124 | $99,855 |
| 2018 | $11,078 | $103,952 | $10,420 | $93,532 |
| 2017 | $10,769 | $98,467 | $9,870 | $88,597 |
| 2016 | $10,477 | $92,000 | $9,222 | $82,778 |
| 2013 | -- | $90,012 | $9,023 | $80,989 |
Source: Public Records
Agents Affiliated with this Home
-
Janelle Vik
-
Joan Couris
Buyer's Agent in 2025
Joan Couris
Keller Williams Thrive
(630) 561-3348
9 in this area
665 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12136437
APN: 11-36-154-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 115 Jackson St
- 422 Damen St
- 802 Echo (Lot 23) Trail
- 806 Echo (Lot 22) Trail
- 704 Echo (Lot 21) Trail
- 7 ACRES Menge Rd
- 832 Oak Manor Dr
- 830 N Taylor St
- 906 N State St
- 0 Maple St
- 000 W Railroad St
- 455 Park Dr
- 214 S Prospect St
- 615 Park Dr
- 21820 W Railroad St
- 1000 Ruth Ct
- 479 Kennedy St
- 459 Kennedy St
- 735 Maple St
- 860 Woodland Ct