Smart Investment Opportunity - Priced Below Replacement Cost! Looking to maximize your homeownership investment while hedging against inflation? This rare opportunity at 635 3rd Ave, Marengo, IL offers incredible value, priced below the cost of replacement! This spacious 3-bedroom, 3-bath home sits on an oversized lot, offering expansive living spaces rarely found in homes of this era. Built in the 1970s, it boasts larger-than-average rooms, a huge family room, and a 40 x 25 indoor pool area-a feature nearly impossible to replicate at today's construction costs. While the home is in need of updating, its solid bones and unparalleled potential make it a savvy investment for those looking to add equity and increase value through strategic renovations. With soaring construction and material costs, buying a home at this price point is a smart financial move-especially when you consider the long-term benefits of real estate as a hedge against inflation. Located in the emerging community of Marengo, poised for growth with new I-90 access, further securing its value for the future. Whether you're an investor, a homeowner looking to personalize your space, or someone who understands the long-term financial advantages of real estate ownership, this property presents a rare chance to buy smart and build wealth. Don't miss out-opportunities like this priced-below-replacement home don't last! Secure your financial future in real estate today.
Contingent
$249,000
635 3rd Ave, Marengo, IL 60152
3beds
2,398sqft
Est.:
Single Family Residence
Built in 1971
0.5 Acres Lot
$242,500 Zestimate®
$104/sqft
$-- HOA
What's special
- 32 days
- on Zillow |
- 89 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2025 at 12:56pm
Listing courtesy of:
Tamara Berman 815-790-0835,
CENTURY 21 New Heritage,
Azucena Martinez 815-347-2843,
CENTURY 21 New Heritage
Source: MRED as distributed by MLS GRID,MLS#: 12283111

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bonus Room, Workshop, Foyer, Storage
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Bedroom 2
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Bedroom 3
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Bonus room
- Level: Basement
- Area: 273 Square Feet
- Dimensions: 21X13
Dining room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Family room
- Level: Main
- Area: 288 Square Feet
- Dimensions: 24X12
Foyer
- Level: Main
- Area: 50 Square Feet
- Dimensions: 10X5
Kitchen
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11X12
Laundry
- Level: Basement
- Area: 385 Square Feet
- Dimensions: 35X11
Living room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19X13
Storage
- Level: Basement
- Area: 195 Square Feet
- Dimensions: 15X13
Other
- Level: Basement
- Area: 121 Square Feet
- Dimensions: 11X11
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Basement: Unfinished,Full
Interior area
- Total structure area: 0
- Total interior livable area: 2,398 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Site, Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 0.5 Acres
- Dimensions: 165X132
Details
- Parcel number: 1125379011
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Marengo
Financial & listing details
- Price per square foot: $104/sqft
- Tax assessed value: $217,365
- Annual tax amount: $6,127
- Date on market: 3/24/2025
- Ownership: Fee Simple
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