USAILMarengo21820 W Railroad St
21820 W Railroad St, House other with 3 bedrooms, 2 bathrooms and 6 parking in Marengo IL | Image 1
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$1,495,500

21820 W Railroad St, Marengo, IL

House

For Sale

$--,---,---
326
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3000 sqft
Garage No
Taxes $5,460
Days Active 25
Lot Size 
Approx. Age 
Avg. Price Per Sqft $498
MLS® Number 12417635

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number12417635
Laundry Level
Central VacNo
FireplaceNo
Acreage119
Exterior
GarageNo
Approx. Age
BasementNone
DrivewayGravel, On Site
Garage Spaces
HeatNatural Gas
A/CWindow Unit(s)
Heating Fuel

Extras

Rooms

Show Details
Kitchen:Main10 × 10 ft
Master Bedroom:Main10 × 10 ft
Bedroom 2:Main10 × 10 ft
Bedroom 3:Main10 × 10 ft

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