It happened early Saturday at a home in far northwest suburban McHenry.
Police say two men inside the home were injured and a woman was forced to strip at knifepoint. Five people were in the home at the time of the burglary.
Twenty-three-year old Joseph Crandall and 29-year-old Vincent Smith are charged with home invasion and armed robbery. Crandall is also charged with aggravated battery.
Investigators say at least one of the victims knew the suspects.