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For sale
  • $1,200,000

    65 Locust St, Galesburg, IL 61401

    10beds
    6baths
    28,706sqft
    : 
    $8,503/mo
    Get pre-qualified
    Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $42/sqft
    $-- HOA

    What's special

    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.
    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#: PA1271383MLS LogoOriginating 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

        DateEventPrice
        10/28/2026Listed for sale$1,200,000+92%$42/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1271383 Report a problem
        7/31/2015Sold$625,000$22/sqft
        Source: RMLS Alliance as distributed by MLS GRID #CA155049 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 61401

        Getting around

        68 / 100
        Somewhat Walkable
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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