455 Park Drive, Marengo, IL 60152
Description
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!
- Listing Courtesy of: RE/MAX At Home
Details
Updated on July 23, 2026 at 3:40 am-
Property ID MRD12697677
-
Price $469,900
-
Land Area 0.24 Acres
-
Bedrooms 6
-
Garages 3
-
Year Built 1977
-
Property Type Multi Family
-
Property Status Active
-
Parking Total 3
-
Parcel Number 1135328004
-
Water Source Public
-
Sewer Public Sewer
-
Architectural Style Ranch
-
MLS Status New
-
Living Area 0.24
-
Cumulative Days On Market 1
-
Tax Annual Amount 6613
-
Heating Electric
-
Parking Features Garage Door Opener,Yes,Garage Owned,Attached,Garage
-
Directions Route US 20 South on Park
-
Subdivision Name Parkrise
-
Zoning MULTI
Address
Open on Google Maps- Address 455 Park Drive
- City Marengo
- State/county IL
- Zip/Postal Code 60152
- Country United States
Overview
- Multi Family
- 6
- 3
- 1977
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees