455 Park Drive, Marengo, IL 60152

Marengo
Local realty services provided by:Better Homes and Gardens Real Estate Connections
455 Park Drive,Marengo, IL 60152
$499,900
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: basel tarabein
Office: re/max at home
MLS#:12568570
Source:MLSNI

Price summary

  • Price:$499,900

About this home

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. Two of the three units are currently leased, generating monthly rental income. The third unit is vacant and ready for your personal finishing touches and updates. Once renovated, the property has an excellent rental potential annually, making it an exceptional income-producing asset. Looking for an owner-occupied investment? This property is the perfect fit. Renovate the vacant unit, move in, and enjoy the benefits of owner-occupied financing while the rental income from the other two units helps long term. 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...

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Home facts

  • Year built:1977
  • Listing ID #:12568570
  • Updated:July 07, 2026 at 04:39 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:12

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Asphalt
  • Year built:1977
  • Lot area:0.24 Acres
  • Lot Features:Corner Lot, Cul-De-Sac
  • Architectural Style:Ranch
  • Foundation Description:Concrete Perimeter

Schools

  • High school:Marengo High School
  • Middle school:Marengo Community Middle School
  • Elementary school:Locust Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,900
  • Tax amount:$6,613 (2023)

Features and amenities

  • Amenities:Ceiling Fan(s)

Parking

  • Total parking spaces:3
  • Parking description:Attached Garage, Garage
  • Garage:Yes
  • Garage spaces:3
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