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Marengo,IL 60152
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
Area Harmony / Marengo
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Detached Single
Building Description Aluminum Siding,Vinyl Siding, Yes
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