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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.
| DAYS ON MARKET | 116 | LAST UPDATED | 7/11/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Harmony / Marengo |
| COUNTY | McHenry | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Marengo High School |
|---|---|
| Elementary School | Marengo High School |
| Jr. High School | Marengo High School |
| High School | Marengo High School |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Harmony / Marengo |
| BASEMENT | None |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding |
| HEAT | Natural Gas |
| LOT | 119 acre(s) |
| LOT DIMENSIONS | 119 |
| PARKING | Gravel, On Site |
| SEWER | Septic Tank |
| STYLE | Farmhouse |
| TAXES | 5460.16 |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Well |
| WATERFRONT | Yes |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Midwest Land Group LLC
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.