635 3rd Avenue
Marengo, IL 60152
- 3 beds
- 3 baths
- 2,398 sqft
- ~1/2 acre lot
- $103 per sqft
- 1971 build
- – on site
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.
Last checked:
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Last updated Feb 27, 2025
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MLS# 12283111 —
The Building
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Year Built:1971
-
Rebuilt:No
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New Construction:false
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Basement:Full
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Disability Access:No
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Living Area Source:Assessor
Interior
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Room Type:Bonus Room, Workshop, Foyer, Storage
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Rooms Total:9
Room Dimensions
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Living Area:2398
Location
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Directions:Rt 176 to TaylorN to 3rd E to home
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Location:5011
The Property
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Parcel Number:1125379011
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Property Type:Residential
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Location:A
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Lot Size Dimensions:165X132
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (815) 790-0835
- Office phone:
- (847) 669-9555
Taxes
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Tax Year:2023
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Tax Annual Amount:6127.28
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Marengo High School
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Elementary School District:154
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Middle Or Junior School:Marengo High School
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Middle Or Junior School District:154
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High School District:165
The Community
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Association Fee Includes:None
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Association Fee Frequency:Not Applicable
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Garage Type:Attached
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Garage Spaces:2
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Garage Onsite:Yes
Monthly cost estimate
Asking price
$249,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,333
|
| Taxes | $510 |
| Insurance | $68 |
| Utilities | $173 See report |
| Total | $2,084/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/27/25
Feb 27, 2025
|
Listed / Active | MRED | $249,000 | 90.1% (7.2% / YR) |
|
8/23/12
Aug 23, 2012
|
MRED | $131,000 |
