Historic Brick
For Sale
$850,000
209 S Prospect Street, Galena, IL 61036
MULTIFAMILY, GALENA, IL
Property Size4,608 SF
Price / SF$184.46
Days on Market53
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: Aug 21 at 3:06AM
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 Federal-style brick duplex features Greek Revival influences and two separate, well-appointed residences. One side is licensed and operated as a City of Galena short-term rental with four-person occupancy and includes three bedrooms and three full baths, a kitchen, a spacious dining area for entertaining, and a living room centered around a cozy wood stove. That residence also offers a private paver patio and expansive windows framing the surrounding vistas. The adjoining residence is set up for owner occupancy or long-term rental use, with an updated kitchen, generous living room, dining area, three bedrooms, and three baths, plus an upper-level laundry/mudroom and private aggregate patio. Historic details throughout include original woodwork, period built-ins, wide-plank wood flooring, and decorative fireplaces, along with expansive covered front porch space.
The property sits high atop Quality Hill on Prospect Street, offering panoramic views described in the listing of the surrounding hills and countryside and sightlines that include Grant’s Home and Horseshoe Mound, as well as the lights of historic Main Street and the Park Avenue skyline. The home also includes separate attic spaces above each residence, individual basement/cellar areas, and an attached one-car open garage/carport with a pass-through storage shed that provides convenient rear access to both residences.
For tenants, buyers, or operators, the layout supports either multi-family flexibility or owner-occupied use paired with a separately functioning licensed vacation rental. The dual-residence configuration, multiple outdoor areas, and separate storage and lower-level spaces provide practical day-to-day separation while keeping both sides under one property ownership.
The property sits high atop Quality Hill on Prospect Street, offering panoramic views described in the listing of the surrounding hills and countryside and sightlines that include Grant’s Home and Horseshoe Mound, as well as the lights of historic Main Street and the Park Avenue skyline. The home also includes separate attic spaces above each residence, individual basement/cellar areas, and an attached one-car open garage/carport with a pass-through storage shed that provides convenient rear access to both residences.
For tenants, buyers, or operators, the layout supports either multi-family flexibility or owner-occupied use paired with a separately functioning licensed vacation rental. The dual-residence configuration, multiple outdoor areas, and separate storage and lower-level spaces provide practical day-to-day separation while keeping both sides under one property ownership.
Key Highlights
- Federal‑style brick duplex built in 1900 with shingle roof
- Over 4,500 SF across two residences with a mix of owner‑occupant and rental‑use flexibility
- One side is licensed and operating as a City of Galena short‑term rental (4‑person occupancy) with 3 bedrooms and 3 full baths
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Federal-style duplex with a City of Galena short-term rental license for four-person occupancy and flexible second-residence living.
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: Federal‑style brick duplex built in 1900 with shingle roof; Over 4,500 SF across two residences with a mix of owner‑occupant and rental‑use flexibility; One side is licensed and operating as a City of Galena short‑term rental (4‑person occupancy) with 3 bedrooms and 3 full baths
