IL > Marengo
Marengo, IL 60152,21820 W Railroad Street
Marengo, IL 60152,21820 W Railroad Street
Marengo, IL 60152,21820 W Railroad Street
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$1,495,500
Est. payment /mo
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3 Beds
1.5 Baths
3,000 SqFt
New

21820 W Railroad Street Marengo, IL 60152

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Sharie Jackson

Sharie Jackson

+1(708) 231-8901

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $498

MLS Listing ID 12417635

Style Farmhouse

Bedrooms 3

Full Baths 1

Half Baths 1

Annual Tax Amount $5,460

Tax Year 2024

Lot Size 119.000 Acres

Lot Dimensions 119

Property Sub-Type Detached Single

Property Description

Nestled in the serene and picturesque landscape of Marengo, Illinois, this 119 +/- acre property presents an outstanding investment opportunity for savvy buyers seeking both immediate income and long-term potential. The estate features two well-maintained homes, thoughtfully divided into three rental units that generate substantial monthly income, providing a reliable cash flow from day one. Complementing the residential income, approximately 50 +/- acres of fertile, tillable land is leased at $195 per acre annually, yielding a steady $9,750 per year. Additionally, a spacious barn with heat and concrete floors offers versatile potential for storage, workshops, or further development, making this property a diversified income powerhouse in a growing rural market. Beyond its financial appeal, the true gem of this property lies in its natural beauty and recreational opportunities. Behind the tillable fields, 45 +/- acres of prime hunting land offer an outdoor enthusiast's paradise, with abundant whitetail deer and turkey populations. The property's private access to the Kishwaukee River enhances its allure, providing opportunities for fishing, kayaking, or simply enjoying the tranquil waterfront. With a touch of vision and some effort, this expansive acreage could be transformed into a premier hunting sanctuary or a private retreat, blending income generation with the joys of rural living. Don't miss this rare chance to own a versatile, income-producing estate with endless possibilities in the heart of Marengo's countryside and just minutes from downtown.

Location

State IL

County Mchenry

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N true

Building

Story None

Sewer Septic Tank

Water Well

Structure Type Aluminum Siding,Vinyl Siding

New Construction false

Schools

Elementary Schools Marengo High School

Middle Schools Marengo High School

High Schools Marengo High School

School District 154, 154, 154

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Drew Kissel • Midwest Land Group LLC

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agent

Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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21820 W Railroad Street