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    Chicago, IL Springfield, IL Rockford, IL
    24-Unit Townhome Investment Opportunity
    Updated: Feb 25
    24-Unit Townhome Investment Opportunity

    65 Locust St, Galesburg, IL 61401

    $1,248,000
    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 Any Listing Into an Investment Snapshot Owner equity, real caprate, 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 Knox County, IL, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Knox County, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Knox County, IL on our real estate platform. These investment opportunities span a total of 26,400 square feet of properties for sale, with an estimated market value of $1,248,000.

    Sale prices for two-family homes in Knox County, IL start at $1,248,000, averaging $1,248,000, and reaching up to $1,248,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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