Do Real Estate on the Go!
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$1,495,500
3 Beds
2 Baths1 full bath + 1 half bath
3,000sqft
21820 W Railroad St, Marengo, IL 60152
$1,495,500
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Single Family Residence
Built in -
$-- HOA
119 acres lot
$498/sq.ft
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 ...
Continue Reading- Houzeo last checked: 41 Minutes ago
- Listing updated: July 17, 2025 at 5:06 am
- Listing Provided by: Drew Kissel (779) 775-8679 | Midwest Land Group LLC (913) 674-8010
- Source: MRED MLS-IL | MLS#: 12417635
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
3,000 sqft
Lot Size
119 acres lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12417635
MLS Status
Active
Days on Market
147
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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