REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Justin Ball • RE/MAX Traders Unlimited
$ 1,200,000
Est. payment /mo
Active
65 LOCUST ST #KNOX Galesburg, IL 61401
28,706 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 28,706 sqft
Price per Sqft $41
MLS Listing ID PA1270916
Year Built 1971
Annual Tax Amount $21,513
Tax Year 2025
Lot Size 1.730 Acres
Acres 1.73
Property Sub-Type Commercial
Source rmlsa
Property Description
Excellent multi family investment in this 24-unit, fully leased complex in Galesburg, Illinois. Competitively priced at $50,000/unit, each of the six buildings has 4 units with 12 two bedroom and 12 three bedroom (some with 1.5 bathrooms) units averaging 1,100 SF. Each unit is allocated at least 2 parking spots with carports available for most units. There is a 2 stall garage on site for maintenance and/or owner use. These desirable units provide space for tenants of all types - professionals, families and those working from home needing dedicated office spaces. Roofs, ACs, and heat pumps were all updated within the past 5 years. Units have been renovated with flooring, cabinetry, windows and bathroom remodels as they've been turned. Tenants pay electric and owners pay water/sewer/garbage. Rent roll, expenses, photos of additional units and a video walkthrough of units are available on request.
Location
State IL
County Knox
Area Paar Area
Zoning R-2
Direction 65 Locust Court
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Other
Fireplace N
Exterior
View true
Roof Type Composition Shingle
Garage 1
Building
Faces 65 Locust Court
Sewer Public Sewer
Water Municipal/City
Structure Type Vinyl Siding,Frame,Other
Others
Tax ID 99-14-226-038