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$385,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 9 Total Beds
  • 4 Car Garage
  • Updated 5 days ago
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LOCATION, LOCATION, LOCATION!! Situated on Grant Highway (Rt 20.) here is a 4 unit, income producing property. The rents ($3,075 monthly)are below the present going rate, however have good, prompt paying tenants. Separate electric bills. The .6 of an acre has 125' frontage which encourages future development as it is in immediate B2 vicinity...all kinds of possible usages...as an added enticement, the adjoining property 704 W. Grant is also for sale...that parcel is .55 acres. Purchase both and have 1.1 acre on Rt 20 ... investors, give it some thought! Property being sold "AS IS" no exceptions.

Full Property Details for 722/724 W Grant Hwy

General

  • Price: $385,000
  • Taxes: $7,903 (2025)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12654421
  • Updated: 7/6/2026
  • Added to Site: 46 day(s) ago

Interior

  • Basement: Cellar, Par

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Equipment: Carbon Monoxide Detectors
  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 6
  • Parking Features: Carport, Garage, Yes, Garage Owned, Detached, Assigned, Unassigned, Driveway, Garage Faces Side, Owned

Location

  • Area: Harmony / Marengo
  • County: McHenry
  • Township: Marengo
  • Driving Directions: Rt 20/23. W on Rt. 20 to property on north side (across from Napa, east of Prairie Community Bank) Sign.

School Information

  • School District: 165
  • Elem School District: 165
  • Midd School District: 165
  • High School District: 154
  • Elementary School: Locust Elementary School
  • High School: Marengo High School
  • Private School: Marengo High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Trash: 960

Structural Information

  • Architectural Info: Farmhouse
  • Architectural Style: Farmhouse
  • Construction: Aluminum Siding
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Cellar, Partial
  • Foundation: Stone
  • Roof: Asphalt
  • Built Before 1978: Yes
  • Remodeled/Updated: 2020

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Size Range: .50 to .99 Acre
  • Lot Dimensions: 125 x 208
  • Lot Features: Level

Financial Considerations

  • Insurance Fee: $1,500
  • Parking Included: Yes
  • Tax Amount: $7,903.28
  • Tax Year: 2025
  • Pays Trash: 960
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1135251017

Listed by CENTURY 21 New Heritage

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— 722/724 W Grant Hwy —

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NMLS#: 1598647

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Price & Sales History for 722/724 W Grant Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/28/2026
Price Reduced
$385,000
-2.53%
MLS
5/26/2026
Listed
$395,000
83.72%
MLS
4/17/2003
Sold
$215,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 722/724 W Grant Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,329
2%
$43,863
13%
2023
$3,270
100%
$38,666
11%
2022
-100%
$34,967
10%
2021
$2,936
—
$31,861
5%
2021
$2,936
-4%
$30,321
6%
2019
$3,074
10%
$28,729
13%
2017
$2,788
3%
$25,490
7%
2016
$2,712
-1%
$23,816
2%
2015
$2,748
2%
$23,251
5%
2014
$2,686
—
$22,127
-5%
2013
$2,681
-7%
$23,301
-13%
2018
$2,868
10%
$26,910
9%
2012
$2,597
—
$24,629
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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722/724 W Grant Highway, Marengo, IL 60152 (MLS# 12654421) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 722/724 W Grant Highway is currently listed for $385,000 and was received on May 26, 2026. Want to learn more about 722/724 W Grant Highway? Do you have questions about finding other Multi-Family real estate for sale in Marengo? You can browse all Marengo real estate or contact a Coldwell Banker agent to request more information.

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