**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 covers garbage pickup. This property is eligible for FHA financing, allowing you to live in one unit while renting out the others. A fantastic investment opportunity with strong cash flow-schedule your showing today!
The median home value in Marengo, IL is $352,000. This is higher than the county median home value of $288,600. The national median home value is $338,100. The average price of homes sold in Marengo, IL is $352,000. Approximately 58.27% of Marengo homes are owned, compared to 35.29% rented, while 6.43% are vacant. Marengo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marengo real estate agent to arrange a tour today!
Marengo, Illinois has a population of 7,466. Marengo is less family-centric than the surrounding county with 27.18% of the households containing married families with children. The county average for households married with children is 33.95%.
The median household income in Marengo, Illinois is $65,136. The median household income for the surrounding county is $93,801 compared to the national median of $69,021. The median age of people living in Marengo is 30.5 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 36.5 inches per year, with 33.8 inches of snow per year.