1. Illinois
  2. Marengo
  3. 21820 W Railroad Street
$1,495,500

21820 W Railroad Street, Marengo, IL 60152

  • 3 beds |
  • 2 baths |
  • 3,000 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon119acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $499/sqft
  • Property List Date Icon Listed 9 days ago

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.

Listing Status:
Active
Listing Office:
Midwest Land Group LLC : 913-674-8010
Listing Agent:
Drew Kissel : 779-775-8679
MLS ID:
12417635
  • Rooms: No additional rooms
  • Basement: None
  • A/C: Window Unit(s)
  • Heating: Natural Gas
  • Disability Feature: None

This listing courtesy of Drew Kissel, Midwest Land Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Locust Elementary School

539 Locust St, Marengo, IL, 60152

Grades PK-3

1.44 miles away

M

Marengo Community Middle School

816 E Grant Hwy, Marengo, IL, 60152

Grades 6-8

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.