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.
Closed
$257,000
635 3rd Ave, Marengo, IL 60152
3beds
2,398sqft
Single Family Residence
Built in 1971
0.5 Acres Lot
$272,800 Zestimate®
$107/sqft
$2,880 Estimated rent
Home value
$272,800
$248,000 - $297,000
$2,880/mo
Zestimate® history
Owner options
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$2,880/mo
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$2,880/mo
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$1,868/mo
Est. payment
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$1,868/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing courtesy of:
Tamara Berman, ABR,E-PRO,PSA,RENE,SFR,SRES,SRS 815-790-0835,
CENTURY 21 New Heritage,
Azucena Martinez 815-347-2843,
CENTURY 21 New Heritage
Bought with:
Adalberto Sanchez-Arias
A&O Dream Key Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12283111
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
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: Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 0.50 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 & neighborhood
Location
- Region: Marengo
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2025 | Sold | $257,000+3.2%$107/sqft |
Source:  MRED as distributed by MLS GRID #12283111 Report a problem | ||
| 2/28/2025 | Listing removed | $249,000$104/sqft |
Source: MRED as distributed by MLS GRID #12283111 Report a problem | ||
| 2/27/2025 | Listed for sale | $249,000+90.1%$104/sqft |
Source: MRED as distributed by MLS GRID #12283111 Report a problem | ||
| 8/23/2012 | Sold | $131,000-4.3%$55/sqft |
Source: MRED as distributed by MLS GRID #08099192 Report a problem | ||
| 7/5/2012 | Listed for sale | $136,900$57/sqft |
Source: Dick West Real Estate Ltd. #08099192 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,237 +1.8% | $82,193 +13.4% |
| 2023 | $6,127 +4.2% | $72,455 +10.6% |
| 2022 | $5,878 +6.8% | $65,523 +9.8% |
| 2021 | $5,501 +102.4% | $59,702 +5.1% |
| 2020 | $2,718 | $56,816 +5.5% |
| 2019 | -- | $53,834 +6.8% |
| 2018 | $3,033 -20.2% | $50,425 +5.6% |
| 2017 | $3,802 +17.3% | $47,765 +7% |
| 2016 | $3,241 | $44,627 +2.2% |
| 2013 | $3,241 | $43,662 -39.8% |
| 2011 | -- | $72,483 -10.3% |
| 2010 | -- | $80,833 -9.5% |
| 2009 | -- | $89,269 -1.6% |
| 2008 | -- | $90,766 +12.1% |
| 2006 | -- | $80,974 +4.4% |
| 2005 | $5,049 +0.8% | $77,547 +5.7% |
| 2004 | $5,008 -0.5% | $73,337 +2.9% |
| 2003 | $5,031 +5.3% | $71,242 +6.3% |
| 2002 | $4,779 +0.5% | $67,007 +2.9% |
| 2001 | $4,757 +9.7% | $65,125 +1.8% |
| 2000 | $4,336 | $63,998 |
Find assessor info on the county website
Neighborhood: 60152
Nearby schools
GreatSchools rating
- 4/10Ulysses S Grant Intermediate SchoolGrades: 4-5Distance: 0.9 mi
- 5/10Marengo Community Middle SchoolGrades: 6-8Distance: 0.9 mi
- 8/10Marengo High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Marengo High School
- Middle: Marengo High School
- District: 154
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$272,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$272,800
- Illinois
- McHenry County
- Marengo
- 60152
- 635 3rd Ave
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Nearby neighborhoods
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