Undisclosed Address, Marengo, IL 60152

Beds
6
Baths
3
Garage
Yes

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Listed byRE/MAX At Home
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Overview

Outstanding investment opportunity! This free-standing ranch-style triplex offers three spacious units, each featuring 2 bedrooms, 1 full bath, and an attached one-car garage. All three units are fully rented. The third unit is being fully renovated now and the tenant should be moving in at the end of the month. The total rental income is $57,240. Each unit is separately metered with 200-amp electrical service and electric heat. Tenants pay their own electricity and water, while the owner is responsible only for garbage service, helping to keep operating expenses low and maximizing cash flow. Whether you're an experienced investor seeking strong cash-on-cash returns or a buyer looking to build long-term wealth through real estate, this property offers tremendous upside and outstanding potential. Opportunities like this are hard to find. Schedule your private showing today!

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
6
Number of bathrooms
3
Lot size (acres)
0.24
Year built
1977

Garage and parking

Garage parking spaces
3

Utilities

Heating
Electric
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Insurance
$208

Taxes

Tax Annual Amount (2023)
$6,613

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12697677 Last checked:

Based on information submitted to the MLS GRID as of . 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.