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    110 Prairie Street

    Marengo, IL 60152
    • $325,000
    • STATUS: Active
    • ON SITE: 340 days
    • MLS #: 10548172
    UPDATED: 55 min ago
    $325,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,000
      SQFT
    • $16
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Are you looking for a turn key investment with positive cash flow & potential for more?? Here it is! A 20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center. It Currently consists of some office space & 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per month or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. The 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. theres Warehouse/ garage along back currently used by the owners. Nearly 10,000 sq. ft. of unfinished space is ready for your ideas. The possibilities here are endless.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-20T09:50:33.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    110 Prairie Street Marengo, IL 60152

    • Price: $325,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 10548172
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    20,000
    SQFT
    $16
    $/SQFT
    1900
    Built
    Neighborhood:
    Harmony / Marengo
    County:
    McHenry
    Area:
    Harmony / Marengo
    Property Description
    Are you looking for a turn key investment with positive cash flow & potential for more?? Here it is! A 20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center. It Currently consists of some office space & 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per month or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. The 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. theres Warehouse/ garage along back currently used by the owners. Nearly 10,000 sq. ft. of unfinished space is ready for your ideas. The possibilities here are endless.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Location Central Business District Lot Dimensions 91'X155'X81'X150' Lot Sq Ft 13939 Number Of Parking Spaces 20 Roof Coverings Varies Roof Structure Flat

    Interior Features

    Air Conditioning Central IndividualZoned Fire Protection Carbon Monoxide Detector(S) Floor Finish CarpetConcreteTileVariesWood Miscellaneous Inside Common Lunchroom/SInside Corridor/SMulti-TenantOverhead Door/SPrivate Restroom/SPublic Restroom/SStorage InsideLaundry Room Number Of Apts 9 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 2 Number Of Fireplaces 0 Number Of Offices 1 Number Of Ranges 0 Number Of Refrigs 9 Number Of Stores 0 Number Of Stories 2 Number Of Washers 2 Outdoor Parking 19-30 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Current Use Condominium Electric Expense Source Actual Electrical Service Circuit Breakers3 Phase Electricity Expense 3861 Expense Year 2018 Exterior Building Type Brick Fuel Expense 1937 Fuel Expense Source Actual Geographic Locale Northwest Suburban Gross Rental Income Amount 67080 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Insurance Expense 3181 Insurance Expense Source Actual Known Encumbrances First Mortgage Lease Type Gross Miscellaneous Outside Enclosed StairsSecurity System Net Oper Income Amount 44963 Net Operating Income Year 2018 Number Of Tenants 10 Number Of Window Ac 0 Other Expense Source Actual Other Expenses 3154 Owners Assoc YN No Possession Tenant's Rights Potential Use Condominium Rental Price 0 Sale Terms Cash Only Tax Year 2018 Taxes 5984 Tenant Pays Other Total Annual Exp 22117 Total Annual Expense Source Actual Total Annual Income 67080 Total Monthly Income 5590 Township Marengo Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Washer Dryer Lsd YN No Water Drainage Storm Sewers Water Expense 2400 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Connections II.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-20T09:50:33.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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