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$249,000
Est. payment /mo
3 Beds
3 Baths
2,398 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,398 sqft
Price per Sqft $103
MLS Listing ID 12283111
Bedrooms 3
Full Baths 3
Year Built 1971
Annual Tax Amount $6,127
Tax Year 2023
Lot Dimensions 165X132
Property Sub-Type Detached Single
Property Description
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.
Location
State IL
County Mchenry
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features Attached
Garage Spaces 2.0
View Y/N true
Building
Story 1 Story
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Marengo High School
Middle Schools Marengo High School
School District 154, 154, 165
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tamara Berman • CENTURY 21 New Heritage