21820 W Railroad Street, Marengo, IL 60152

Local realty services provided by:ERA Naper Realty
21820 W Railroad Street,Marengo, IL 60152
$1,495,500
  • 3 Beds
  • 2 Baths
  • 3,000 sq. ft.
  • Single family
  • Active
Listed by:drew kissel
Office:midwest land group llc.
MLS#:12417635
Source:MLSNI

Price summary

  • Price:$1,495,500
  • Price per sq. ft.:$498.5

About this home

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,

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Home facts

  • Listing ID #:12417635
  • Added:75 day(s) ago
  • Updated:September 25, 2025 at 01:28 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:3,000 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Natural Gas

Structure and exterior

  • Building area:3,000 sq. ft.
  • Lot area:119 Acres

Schools

  • High school:Marengo High School
  • Middle school:Marengo High School
  • Elementary school:Marengo High School

Finances and disclosures

  • Price:$1,495,500
  • Price per sq. ft.:$498.5
  • Tax amount:$5,460 (2024)
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