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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.

    Downtown Macomb Mixed-Use Investment
    $199,500
    3,780 SF

    Downtown Macomb Mixed-Use Investment

    Well-maintained mixed-use building on Macomb's historic downtown square.

    11 East Side Square, Macomb, IL 61455
    View details
    Macomb Duplex Near WIU
    $130,000

    Macomb Duplex Near WIU

    Duplex built in 2006, close to WIU and downtown.

    303 W ADAMS Street, Macomb, IL 61455
    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

    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.

    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    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
    View details
    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
    Belleville Buildable Residential Lot
    Contact for pricing
    0.63 Acres

    Belleville Buildable Residential Lot

    0.66 acre lot in Villa Hills, St. Clair County.

    632 Fern Drive, Belleville, IL 62223
    View details

    Galesburg, IL Multifamily Properties Investment Opportunities Market Analysis

    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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