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    24-Unit Townhome Investment Opportunity
    Updated: Feb 25
    24-Unit Townhome Investment Opportunity

    65 Locust St, Galesburg, IL 61401

    Contact for pricing
    26,400 sqft
    Opportunity to increase revenue by raising rents to market levels, projecting an increase to an 8.62% pro forma cap rate and 9.39% cash‑on‑cash return.
    Attractive going‑in cap rate of 7.78% and cash‑on‑cash return of 6.03%.
    Priced at a compelling $54,167 per unit ($49.24 per square foot), favorably positioned relative to comparable sales.
    24‑unit townhome community comprised of six buildings totaling 26,400 rentable square feet.
    Spacious two- and three‑bedroom units averaging 1,100 square feet, appealing to families and long‑term renters.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Galesburg, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Multifamily Investment Property
    10-Unit Multifamily Investment Property

    605 Orchard Street, Macomb, IL 61455

    $450,000
    0.64 AC lot

    A 10-unit multifamily building with a diversified tenant mix and mostly in-place occupancy near Western Illinois University.

    View details
    41-Unit HUD Apartment Portfolio
    41-Unit HUD Apartment Portfolio

    603 N Prospect Street, Cambridge, IL 61238

    $1,999,999
    1.06 AC lot

    Two well-maintained buildings offer community space and coin-operated laundry facilities for qualifying residents.

    View details
    Turnkey HUD Senior Apartment Portfolio
    Turnkey HUD Senior Apartment Portfolio

    603 N Prospect Street, Cambridge, IL 61238

    $1,999,999

    Two HUD-regulated apartment properties total 41 units with community rooms and coin-operated laundry facilities.

    View details
    10-Unit Multifamily Property
    10-Unit Multifamily Property

    601 W Orchard Dr, Macomb, IL 61455

    Contact for pricing

    Ten units across two buildings in central Macomb, within walking distance of Western Illinois University.

    View details

    Galesburg, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Galesburg, IL on our real estate platform. These investment opportunities span a total of 26,400 square feet of properties for sale.

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    Demographics Overview

    Population 32K
    Population Growth (5Y) -8.9%
    Median Household Income $47,728
    College Educated 15.9%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Galesburg fall within the 10,000 to 25,000 square foot range.

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