635 3rd Avenue, Marengo, Illinois 60152
$257,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 2,398 |
| Cost/Sqft: | $104 |
| Beds: | 3 |
| Baths: | 3 |
| Year Built: | 1971 |
| Property Taxes: | $6,127 |
| Days On Market: | 198 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Single Family | |
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| — | |
| 1971 | |
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| No | |
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| — / Not Applicable | |
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| 12283111 | |
| 1125379011 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Marengo High School |
154 | — | |
|
Middle School
Marengo High School |
154 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Aug, 2012 | Sold | $131,000 | MRED MLS |
| 11 Jul, 2012 | Under contract | $136,900 | MRED MLS |
| — | Last price change | $137,900 | MRED MLS |
| 24 Jun, 2012 | Listed for sale | $137,900 | MRED MLS |
| 28 Apr, 2025 | Sold | $257,000 | MRED MLS |
| 24 Mar, 2025 | Under contract | $249,000 | MRED MLS |
| 26 Feb, 2025 | Listed for sale | $249,000 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 1
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
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| 165X132 | |
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| — | |
| — | |
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| Not in DB | |
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| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2012 | $5,950 |
| 2025 | $6,127 |
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Listing Provided By
CENTURY 21 New Heritage
