722/724 W Grant Highway, Marengo, IL 60152 | MLS #12654421 | Mel Foster Brokerage, LLC
 

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Listing provided courtesy of CENTURY 21 New HeritageMREDMLS# 12654421MLS Provider
  • 34 days on site
  • 1 views

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.

Source: MRED, MLS#: 12654421

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  • Property Type
    Residential Income
  • Lot
    0.60 acres

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Mel Foster Co. Inc
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  • Median Age
    39
  • Population Density
    130
  • College Educated
    34%
  • Estimated Median Income
    $87,792
  • Estimated Total Home Owners
    3,307
  • Estimated Total Renters
    1,203
  • Owner / Renter Divide
    73% / 27%
  • Estimated Average Household Size
    3
  • Total Population
    12,323
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* 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.

Life at 722/724 W Grant Highway

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

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