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.
New
$1,495,500
21820 W Railroad St, Marengo, IL 60152
3beds
3,000sqft
Est.:
Single Family Residence
Built in ----
119 Acres Lot
$-- Zestimate®
$499/sqft
$-- HOA
What's special
Tranquil waterfrontTwo well-maintained homesSerene and picturesque landscapeFertile tillable landSpacious barnExpansive acreage
- 3 days
- on Zillow |
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Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 12:42pm
Listing courtesy of:
Drew Kissel 779-775-8679,
Midwest Land Group LLC
Source: MRED as distributed by MLS GRID,MLS#: 12417635

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Bedroom 3
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Heating
- Natural Gas
Cooling
- Window Unit(s)
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 6
- Parking features: Gravel, On Site
Accessibility
- Accessibility features: No Disability Access
Features
- Has view: Yes
- View description: Back of Property
- Water view: Back of Property
Lot
- Size: 119 Acres
Details
- Additional parcels included: 1126300024,1126100007,1126100002,1127200005
- Parcel number: 1126300025
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
Condition
- New construction: No
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Services included: None
Location
- Region: Marengo
Financial & listing details
- Price per square foot: $499/sqft
- Annual tax amount: $5,460
- Date on market: 7/11/2025
- Ownership: Fee Simple
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