Homes For Sale: USA Illinois Galesburg 615 W Main Street
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$150,000 USD

615 W Main Street
Galesburg, Illinois 61401
USA
307.499 m2 :: 3,310 sqft
7 bedrooms
4 full baths
Residential For Sale, Multi-Family (2-4 Units)
Sale price per sqm: 487.79
Tax: 3,603 USD
Kori Jensen
CENTURY 21 Tucker Swanson
782 N. Henderson St.,
Galesburg, 61401, United States

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Remarks:

Excellent income producing multi-unit investment opportunity featuring four rental units with strong rental history and numerous updates throughout! The spacious main floor unit offers 4 bedrooms and 1 full bath and has been extensively remodeled with a new kitchen, updated flooring, fresh paint, & newer appliances. Upstairs consists of two 1-bedroom, 1-bath units, each featuring a living room, kitchen, bedroom, and bath, along with an efficiency apartment offering a combined living/bedroom area, kitchen, and full bath. The property has seen continual improvements over the past 5-6 years, with all units being partially or fully remodeled. Major mechanical updates include a boiler installed in 2014, two newer hot water heaters replaced in 2020-2021, and a brand new roof with warranty completed in 2022. Heating consists primarily of boiler heat with one upstairs unit featuring electric baseboard heat. Current rental income totals $2,750 per month with the main floor unit renting for $1,000, two upstairs units at $650 each, and the efficiency unit at $450. Main floor tenant pays electric, while landlord expenses include gas, upstairs electric, water, sewer, trash, and lawn/snow care. This is a turn-key investment property with solid cash flow and continued upside potential!

Features:

  • Year Built: 1898
  • Style: 2 stories
  • Construction: Brick
  • Utilities: City water, Public Sewer
  • Heating System: Gas, Baseboard
  • Basement and Foundation: Full basement

Location:

615 W Main Street, Galesburg, Illinois 61401, USA
Listed By CENTURY 21 Tucker Swanson

The Residential For Sale, Multi-Family (2-4 Units) located at 615 W Main Street, Galesburg, Illinois 61401, USA is currently for sale. 615 W Main Street, Galesburg, Illinois 61401, USA is listed for $150,000 USD. This property has 7 bedrooms, 4 full baths and 3,310 sqft. If the property located at 615 W Main Street, Galesburg, Illinois 61401, USA isn't what you're looking for, search Illinois Real Estate to see other Homes For Sale in Galesburg.

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