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    Galesburg, IL Multifamily Properties for Sale

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    Carbondale, IL East Galesburg, IL Knoxville, IL
    24-Unit Townhome Investment Opportunity
    $1,300,000
    26,400 SF
    24-Unit Townhome Investment Opportunity

    65 Locust St, Galesburg, IL 61401

    24-unit townhome community with income growth potential in Galesburg, IL.
    • 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.
    Updated: Feb 25
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Galesburg, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Upper Apartment
    $37,000
    0.07 Acres
    Mixed-Use Building with Upper Apartment

    A main-floor retail or office space plus an upstairs apartment provides flexible living and commercial income options.

    106 & 106 1/2 N 7TH Street, Wyoming, IL 61491

    View details
    Monmouth Multifamily Investment Opportunity
    $160,000
    Monmouth Multifamily Investment Opportunity

    Five-unit multifamily property in Monmouth, Illinois with value-add potential.

    313 E Broadway, Monmouth, IL 61462

    View details
    Monmouth Multifamily Investment Opportunity
    $240,000
    Monmouth Multifamily Investment Opportunity

    Ten-unit multifamily property in Monmouth, Illinois with value-add potential.

    315 N 1st St, Monmouth, IL 61462

    View details
    Historic Mixed-Use Property For Sale
    $37,000
    Historic Mixed-Use Property For Sale

    Mixed-use property with retail, office, and residential possibilities.

    106 & 106 1/2 N 7TH Street, Wyoming, IL 61491

    View details

    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.

    Commercial Land Development Parcel
    $70,000
    2.10 Acres
    Commercial Land Development Parcel

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

    17039 Hillside Lane, Jerseyville, IL 62052

    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

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    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

    Ready-to-build residential lot in a charming small town.

    412 Washington Street, Wellsville, MO 63384

    View details
    Land For Sale, Lakemoor, IL
    Contact for pricing
    0.12 Acres
    Land For Sale, Lakemoor, IL

    Commercial land available in Lakemoor, Illinois.

    27 Oyster Bay, Lakemoor, IL 60051

    View details

    Galesburg, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties 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, with an estimated market value of $1,300,000.

    Sale prices for multifamily properties in Galesburg, IL start at $1,300,000, averaging $1,300,000, and reaching up to $1,300,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Galesburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61401 $1.3M

    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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