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455 Park Drive Marengo, IL 60152 • Multi Unit - Multiple • New $499,900

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New - 15 Hours Ago

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. 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 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!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6

Bathrooms: 3

County: McHenry

High School: Marengo High School

Subdivision: Parkrise

Listed By:

RE/MAX At Home 847-255-1000

MRED MLS

MLS ID: 12568570

$499,900

Est. $3,272/mo

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6beds

3baths

3cars

Shown By

Jason Anderson
(309) 207-0907

New to the Market New

BEDS6 BATHS3 full MLS#12568570

STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONParkrise SCHOOLDistrict 154

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Shown By

Jason Anderson
(309) 207-0907

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455 Park Drive , Marengo, IL 60152.

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Loan Type	30 Year Fixed	FHA 30 Year Fixed	15 Year Fixed
Purchase Price	$499,900	$499,900	$499,900
Down Payment	$99,980	$17,497	$124,975
Monthly Mortgage Amount	$2,430	$2,982	$3,088
Taxes	$696	$696	$696
Insurance	$100	$100	$100
HOA/Dues/Fees	$0	$0	$0
Monthly Mortage Insurance	$0	$220	$0
Monthly Estimated Total	$3,272	$4,044	$3,930

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About this area

Iowa/Marengo

Marengo

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Find homes for sale in Marengo, Iowa, and learn about the local community and real estate market.

Marengo, IA is the county seat of Iowa County, Iowa. This small community joins together historical and contemporary places and amenities. Ruhl&Ruhl Realtors has plenty of homes for sale in Marengo, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Marengo.

Ruhl&Ruhl Realtors has plenty of homes for sale in Marengo, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Marengo.

Nearest Ruhl&Ruhl Office
1075 Highway 1 West
Iowa City, IA 52246
Phone Number: (319) 339-8111

About this community

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455 Park Drive Marengo, IL 60152 • Multi Unit - Multiple • New

$499,900

Est. $3,272/mo

Calculate Mortgage

Save Map Get In Touch

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/07/2026. The listing information on this page last changed on 07/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/07/2026 2:51:46 AM EST) or MRED MLS (last updated Tue 07/07/2026 2:04:27 AM EST) or SCWMLS (last updated Mon 07/06/2026 11:54:37 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 07/06/2026 10:16:46 PM EST) or Cedar Rapids MLS (last updated Mon 07/06/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Tue 07/07/2026 1:18:41 AM EST) or ICAAR MLS (last updated Mon 07/06/2026 11:37:32 PM EST) or ECIMLS (last updated Mon 07/06/2026 11:44:32 PM EST) or RMLSA (last updated Tue 07/07/2026 1:10:56 AM EST) or Muscatine MLS (last updated Tue 07/07/2026 2:00:08 AM EST) or No Coast MLS (last updated Tue 07/07/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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