$1,240,000

21820 W Railroad St Marengo, IL 60152

Estimated payment $7,162/month

Total Views 2,955
119 Acres
$10,420 Price per Acre
5,183,640 Sq Ft Lot

About This Lot

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.

Property Features
-Private river access
-Heated barn with concrete floors
-Two homes make up three rental units
-Outstanding location just outside Marengo, IL
-Great ROI
-Mature timber
-History of deer and turkey
-Solid income producer
-Minutes from I-90
-Property borders McHenry Conservation Land

Drew Kissel

Listed on: 07/10/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,598

Lot Details

  • Current uses include hunting/fishing, timber
  • Potential uses include for development

Property Details

Property Type

Land

Est. Annual Taxes

$3,598

Lot Details

0

Listing Details

  • Office Phone: 779-775-8679
  • Listing Website: https://www.land.com/property/119-acres-in-mchenry-county-illinois/24102811/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: For Development
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Hunting/Fishing, Timber

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,598 $56,826 $16,247 $40,579
2023 $3,509 $50,265 $14,316 $35,949
2022 $3,387 $45,503 $12,850 $32,653
2021 $3,202 $41,475 $11,590 $29,885
2020 $3,140 $39,322 $10,809 $28,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $1,495,500 +20.6% $499 / Sq Ft
07/10/2025 07/10/25 For Sale $1,240,000 -- --
Illinois McHenry County Marengo 60152

21820 W Railroad St, Marengo, IL

This home is located at 21820 W Railroad St, Marengo, IL 60152 and is currently priced at $1,240,000. 21820 W Railroad St is a home located in McHenry County with nearby schools including Locust Elementary School, Marengo Community Middle School, and Marengo Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Drew Kissel
(779) 775-8679