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. See also MLS #PA1270916.
For sale
$1,200,000
65 Locust St, Galesburg, IL 61401
10beds
6baths
28,706sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$42/sqft
$-- HOA
What's special
- 16 days
- 527
- 43
Zillow last checked:
Listing updated:
Listed by:
Justin Ball Mobile:309-323-0399,
RE/MAX Traders Unlimited,
Jessica Ball,
RE/MAX Traders Unlimited
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1271383
Originating MLS: Peoria Area Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Water Heater
Features
- Basement: None
Interior area
- Total structure area: 28,706
- Total interior livable area: 28,706 sqft
Property
Parking
- Total spaces: 48
- Parking features: Carport
- Has carport: Yes
Lot
- Size: 1.73 Acres
- Dimensions: 330 x 104 x 104
- Features: Level
Details
- Parcel number: 9914226038
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Hayner
Location
- Region: Galesburg
Financial & listing details
- Price per square foot: $42/sqft
- Tax assessed value: $696,750
- Annual tax amount: $21,513
- Date on market: 10/28/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,258/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2026 | Listed for sale | $1,200,000+92%$42/sqft |
Source: | ||
| 7/31/2015 | Sold | $625,000$22/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,514 +5.7% | $232,250 +5.9% |
| 2024 | $20,346 +1% | $219,290 +3.3% |
| 2023 | $20,152 +0.1% | $212,330 |
| 2022 | $20,123 -2.6% | $212,330 |
| 2021 | $20,662 -1.6% | $212,330 |
| 2020 | $20,999 -0.8% | $212,330 |
| 2019 | $21,167 +3.4% | $212,330 +3% |
| 2018 | $20,481 +9.6% | $206,150 |
| 2017 | $18,694 | $206,150 +1.5% |
| 2015 | $18,694 | $203,100 -1% |
| 2013 | $18,694 | $205,150 |
| 2012 | -- | $205,150 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 61401
Nearby schools
Schools provided by the listing agent
- High: Galesburg
Source: RMLS Alliance 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.

