Historic Duplex with Short-Term
For Sale
$850,000
209 S Prospect Street, Galena, IL 61036
MULTIFAMILY, GALENA, IL
Property Size4,608 SF
Price / SF$184.46
Days on Market68
Property Features for 209 S Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 2
Parking
1
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Sump Pump, Oven, Washer
Elementary school
Galena
Middle school
Galena
High school
Galena
Elementary school district
Galena
Middle school district
Galena
High school district
Galena
Subdivision
Jo Daviess County
Standard status
Active
APN
2210058600
Size
4,608 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
To follow on deed at closing.
Tax Annual Amount
9230
Legal Description
To follow on deed at closing.
Utilities
Heating system
Hot Water(Heating), Electric (Heating), Baseboard, Natural Gas, Steam
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
COLDWELL BANKER NETWORK REALTY · Coldwell Banker Real Estate
(815) 777-6500
Listed By:
DAMON HEIM · License #471000758
(815) 266-2427
Added: Jun 30
Changed: Aug 19
Last Checked: Sep 5 at 10:06PM
MLS# 202604033
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1900 Federal-style brick duplex contains 4,608 square feet across two separate residences. Each side includes three bedrooms and three bathrooms, with kitchens, living and dining areas, and private outdoor space. One residence holds a City of Galena short-term rental license for four-person occupancy, while the other includes an updated kitchen and upper-level laundry/mudroom. Original woodwork, period built-ins, wide-plank floors, decorative fireplaces, high ceilings, and oversized windows preserve the building’s historic character.
Set at 209 S Prospect Street in Galena, the property has elevated panoramic views toward the city’s historic rooftops, church steeples, surrounding hills, and countryside. Additional improvements include separate attic and basement/cellar areas, an attached one-car open garage/carport, and a pass-through storage shed with rear access to both residences. The property is located near Galena’s shopping, dining, entertainment, festivals, and historic attractions.
Set at 209 S Prospect Street in Galena, the property has elevated panoramic views toward the city’s historic rooftops, church steeples, surrounding hills, and countryside. Additional improvements include separate attic and basement/cellar areas, an attached one-car open garage/carport, and a pass-through storage shed with rear access to both residences. The property is located near Galena’s shopping, dining, entertainment, festivals, and historic attractions.
Key Highlights
- 4,608 square feet arranged as two separate residences
- Each residence offers 3 bedrooms and 3 bathrooms
- City of Galena short‑term rental license for 4‑person occupancy
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 61036, IL
7,111
Population
5,187
Households
1.4
Avg Household Size
54
Median Age
46%
College-Educated
97%
High-School Grad
95.8 sq mi
ZIP Area
74
Density / Sq Mi
$80,574
Median Household Income
$51,507
Median Earnings
$758
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide flexible occupancy alongside a City of Galena short-term rental license.
Where is this duplex located?
The property is located at 209 S Prospect Street Galena, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,608 square feet arranged as two separate residences; Each residence offers 3 bedrooms and 3 bathrooms; City of Galena short‑term rental license for 4‑person occupancy
