1401 Marengo Avenue

Forest Park, IL 60130

$725,000
Price
10
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to the heartbeat of Forest Park! Nestled in this vibrant, hipster haven just moments from downtown Chicago, this 6-flat investment property embodies convenience and community charm. Built in 1961, this sturdy brick building houses 5 active tenants across its 6 well-maintained units. Boasting a total of 8 bedrooms and 6 full baths, this property offers a diverse layout, featuring four two-bedroom apartments and two cozy one-bedroom garden units. Most of the bathrooms have been updated since...Welcome to the heartbeat of Forest Park! Nestled in this vibrant, hipster haven just moments from downtown Chicago, this 6-flat investment property embodies convenience and community charm. Built in 1961, this sturdy brick building houses 5 active tenants across its 6 well-maintained units. Boasting a total of 8 bedrooms and 6 full baths, this property offers a diverse layout, featuring four two-bedroom apartments and two cozy one-bedroom garden units. Most of the bathrooms have been updated since 2018 with new tile, updated porcelain, new vanity in a bright and upbeat well-lit bathroom. Most of the kitchens have been updated since 2018 with new sinks, appliances, newly painted cabinetry and flooring. Positioned on a corner lot, this property surprises with its spaciousness, showcasing expansive grassy areas between the sidewalk and curb. Convenience meets comfort with shared amenities including low-cost laundry in the basement, ensuring an easy, hassle-free living experience for tenants. There is dedicated outdoor parking for each unit. Forest Park is more than a location; it's a lifestyle-a place where live, work, play, dine, and shop converge seamlessly amidst a backdrop of year-round festivals and family events. Don't miss this opportunity to invest in the beating heart of a community that embodies the essence of modern living.
  1. Listed by Marty Dunne • Berkshire Hathaway HomeServices Chicago

Property Details for 1401 Marengo Avenue

Area
Forest Park

Location

Listing Courtesy of Berkshire Hathaway HomeServices Chicago
Add your commute
LISTING UPDATED: 04/05/2024 10:06 AM

Property Details for 1401 Marengo Avenue

StatusContingent
MLS #12021824
Days on Market12
Taxes$19,548 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1962
Lot Size0.12 AC / 5,166 SF
CountyCook County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Chicago
Add your commute

Building Information for 1401 Marengo Avenue

Stories-Residences6Year Built1962Building Size-Lot Size0.12 AC / 5,166 SF

Payment Calculator

$5,586 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$1,629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1401 Marengo Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 6.0
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Hot Water
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 41X126
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 2
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $150.00
  • Fuel Expense: $3,500.00
  • Gross Income: $50,000.00
  • Gross Scheduled Income: $77,700.00
  • Insurance Expense: $3,400.00
  • Maintenance Expense: $1,000.00
  • Janitor Expense: 0
  • Total Monthly Income: 6600
  • Net Operating Income: $50,000.00
  • Operating Expense: $10,000.00
  • Other Expense: $.00
  • Trash Expense: $1,000.00
  • Water Sewer Expense: $1,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1401 Marengo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 Marengo Avenue

Taxable ValueLand$2,857Additions$54,561Total$57,418
Tax Record2022$20,580 ($1,715 / month)
Home Facts
Baths6Total Finished SqFt5,174 SqFtAbove Grade Finished SqFt5,174 SqFtStories2Lot Size4,970 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyCOOKAPN15-24-210-066

Schools near 1401 Marengo Avenue

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Betsy Ross Elementary School
PublicK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Chicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/05/2024 10:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.