609 S Prospect St, Galena, IL 61036

The best of both worlds combining income possibilities from long term and short-term rental! Stately brick apartment building housing 5 total 1 bed, 1 bath units that exudes historic charm and incredible curb appeal sited just minutes from vibrant Main Street, Galena and packaged with an absolutely charming 2 bed, 2 bath detached Coach House with coveted short term rental license. Originally a grand Galena single family residence many of the units have a touch of yesteryear that varies and includes period wood flooring, arched accents, detailed period woodwork, and gorgeous decorative fireplace surrounds (fireplaces are inoperable). Washer and dryer in each unit for total convenience, and Window A/C. Make your way to the Coach House to find a fully renovated brick cottage-style home mixing modern finishes and historic beauty plus multi-level addition that offers open kitchen and living room, second floor bedroom suite with nicely appointed private bath, laundry room, secondary living room with access to elevated patio, and third level with additional suite and gorgeous private bath. Coach House is approximately 1280 square feet, has gas forced air furnace and central A/C, and concrete drive with ample guest parking (6-person total occupancy). No off-street parking for apartment building but driveway with parking for short term rental Coach House. Utility info and maintenance expenses approximate and for 2022 year. Coach House gross rental for 2022 was over $38,000 and is professionally managed. Some expense exists if purchaser continues with current program. Total square footage noted does not include the 1280 square feet of Coach House. **Please note that units in the apartment building cannot be rented on a short term/nightly basis. Only the Coach House portion carries licensing for short term rental. **Please Note: Purchase price of $350,000. allocated to tax ID 22-100-674-00 & purchase price of $265,000. allocated to tax ID 22-100-674-03 for combined total purchase price of $615,000.