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    1136 Grand Ave Galesburg, IL 61401

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    For Sale
    $49,000

    Two-unit home on a corner lot in Galesburg, Illinois.

    Property size:
    1,648 SF

    Property Features for 1136 Grand Ave

    General Information

    Size
    1,648 SF

    Building Details

    Year built
    1885

    Source: KW 1Advantage Agent Tim Eagle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Galesburg Two-Unit Income Property

    This two-story, two-unit home is located in Galesburg, Illinois, on a corner lot with a dedicated driveway providing access from both streets. The property features an upstairs and downstairs unit. The downstairs unit includes a full kitchen, two bedrooms, a large living room, a full bath, and access to the basement, with both front and rear entrances. The upstairs unit offers two bedrooms, a full bath, a kitchen, and a living room. The units have separate mechanicals and utilities, with the exception of the water supply. The furnaces were replaced in 2021, the roof was replaced in 2014, and the water heaters were replaced in 2024. The property size is 1648 square feet and presents an income property opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.352758
    Latitude
    40.94571

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    FAQs

    What type of property is this?
    Duplex - Two-unit home on a corner lot in Galesburg, Illinois.
    Where is this duplex located?
    The property is located at 1136 Grand Ave Galesburg, IL.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: - Income property opportunity with two separate units.; - New furnaces (2021) and water heaters (2024).; - Corner lot with dedicated driveways accessing both streets.
    Request Owner's contact information
    1136 Grand Ave Galesburg, IL 61401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1136 Grand Ave Galesburg, IL 61401
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