Marengo IL Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1977
Baths:
3.00
MLS#:
12130299
Subdivision:
Parkrise

ADDITIONAL INFORMATION

**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!

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Marengo Real Estate

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.

Marengo Weather

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.

Marengo Real Estate Market Conditions

  • Median sales price

    $352,000
    12.6% change since last quarter
  • # Active listings

    114
    30-day change

Marengo Schools and Demographics

Education near Marengo, IL

Metric City County
High School Graduates 92.18 93.54
College Degree - 2 year 7.7 9.37
College Degree - 4 year 14.84 35.19
Graduate Degree 3.46 9.38
Expenditures per Student 18,892 18,892
Students per Teacher 13.7 13.7

Elementary Schools near Marengo, IL

School Grades Students P/T Ratio ZIP
Davenport Elementary School PK - 01 237 13.7 60135
Leggee Elementary School KG - 05 1,161 16.4 60142
Locust Elementary School PK - 03 521 17.5 60152
Riley Comm Cons School KG - 08 301 12.8 60152

Middle Schools near Marengo, IL

School Grades Students P/T Ratio ZIP
Genoa-Kingston Middle School 06 - 08 435 15.3 60135
Marengo Comm Middle School 06 - 08 322 16.2 60152
Ulysses S Grant Intermediate School 04 - 05 209 16.7 60152

High Schools near Marengo, IL

School Grades Students P/T Ratio ZIP
Genoa-Kingston High School 09 - 12 596 16.6 60135
Huntley High School 09 - 12 2,747 18.8 60142
Marengo High School 09 - 12 727 15.3 60152

Ungraded Schools near Marengo, IL

School Grades Students P/T Ratio ZIP
* Evergreen Academy 08 - 12 19 60180

Demographics near Marengo, IL

Metric City County
Neighborhood Type Small town
Population 7,466 310,749
Population Density 944 515
Median Age 30.5 40.4
People per Household 2.6 2.7
Median Household Income 65,136 93,801
Average Income per Capita 32,094 43,047