Marengo, IL 60152,619,623,719,723 Beggs Lane
Marengo, IL 60152,619,623,719,723 Beggs Lane
Marengo, IL 60152,619,623,719,723 Beggs Lane
Marengo, IL 60152,619,623,719,723 Beggs Lane
Marengo, IL 60152,619,623,719,723 Beggs Lane
Marengo, IL 60152,619,623,719,723 Beggs Lane
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$1,627,000

$1,500,000

8.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

19,200 SqFt


SOLD DATE : 10/08/2024

Key Details

Sold Price $1,627,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 19,200 sqft

Price per Sqft $84

MLS Listing ID 12138828

Sold Date 10/08/24

Year Built 1987

Annual Tax Amount $35,900

Tax Year 2023

Lot Size 2.860 Acres

Lot Dimensions 400X300

Property Description

MULTIPLE OFFERS...HIGHEST AND BEST PLEASE. PRESENTING ALL OFFERS AT 7:00 p.m. ON TUESDAY, AUGUST 20TH ATTENTION INVESTORS! Rare opportunity to create or add to your portfolio of income property. Four all brick units have 8 units each with approximately 550 sq. ft. (Two of the buildings were built in 1987, 1 in 1989 and 1 in 1991.) Room inventory of living room, kitchen and bedroom. Stove, refrigerator and unit wall air conditioner provided. Tenant pays all electric, landlord pays sewer, water and trash. 1st year lease for 1 year, than month to month. Long term tenants include 13 that have been over 5 years (7 being over 10 years!) 13 being 1-5 years, and 4 new in 2024, 2 vacant presently (1 being death.) As tenants vacate, updates are done including new flooring and painting entire unit, plus any other needed repairs...10 units have been done. Roofs were replaced in 2010 and 2011...Blacktop parking lot sealed in 2024. Location near 130 acre Indian Oaks Park and within minutes of full I90 interchanges, both at Rt 20 and Rt 23. Do not hesitate to make this a good financial investment!

Location

State IL

County Mchenry

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Water-Municipal

View Y/N true

Roof Type Composition

Building

Foundation Concrete Perimeter

Structure Type Brick

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COMANDIS Residential

COMANDIS Residential

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Listed by Sandra Butenschoen • CENTURY 21 New Heritage
Bought with Mohammad Fatani • Realty One Group Excel

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COMANDIS Residential

Property Management Team | License ID: 475.192154

+1(773) 453-7515

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