110 Prairie StMarengo, IL 60152
- Commercial real estate
- 0.18 AC
For Sale
$849,000
View listing
Property Details for 110 Prairie St
- Lot size
- 0.18 AC
- Property type
- Commercial real estate
- APN
- 11-36-154-007
- APU
- 1136154007
Description
This exceptional investment opportunity presents a fully leased, ten-unit apartment building situated in the heart of downtown Marengo, Illinois. The property boasts a prime location, within easy walking distance of local amenities including restaurants, banks, and bars, ensuring high tenant demand and occupancy. Constructed of durable brick and block, this building requires minimal maintenance, translating to lower operational costs and a hassle-free investment experience. Recent updates have enhanced the property's appeal, contributing to increased rental income. The building's efficient design minimizes utility expenses
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,622,803
- Hospitality
- $1,486,479
- Educational
- $1,236,733
- Medical
- $1,279,266
- Retail
- $1,923,807
Location Insight
- City
- Marengo
- County
- Mchenry
- State
- Illinois
- Latitude
- 42.2502
- Longitude
- -88.6079
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,632
$13,539
$121,538
$135,077
-
$40,617
$364,614
$405,231
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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