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    Galesburg, IL
    Residential Income

    Galesburg, IL Residential Income Properties for Sale

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    Carbondale, IL East Galesburg, IL Knoxville, IL
    24-Unit Townhome Investment Opportunity
    Updated: Feb 25
    24-Unit Townhome Investment Opportunity

    65 Locust St, Galesburg, IL 61401

    $1,248,000
    26,400 sqft
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Galesburg, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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
    Mixed-Use Building with Upper Apartment

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

    $37,000
    0.07 AC lot

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

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    Monmouth Multifamily Investment Opportunity
    Monmouth Multifamily Investment Opportunity

    313 E Broadway, Monmouth, IL 61462

    $160,000

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

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    Monmouth Multifamily Investment Opportunity
    Monmouth Multifamily Investment Opportunity

    315 N 1st St, Monmouth, IL 61462

    $240,000

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

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    Historic Mixed-Use Property For Sale
    Historic Mixed-Use Property For Sale

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

    $37,000

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

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    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.

    Recreational Hunting Land with Trail System
    Recreational Hunting Land with Trail System

    5th St., East Galesburg, IL 61430

    $215,000
    31.92 AC lot

    31.92-acre recreational tract with established trails, planted food plots, and multiple access points for hunting and outdoor use.

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    Elmwood Residential Lots Available
    Elmwood Residential Lots Available

    HURFF Drive lot: 66, Elmwood, IL 61529

    $42,000

    Newly developed residential lots near Maple Country Club.

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    Residential Lot in Elmwood, IL
    Residential Lot in Elmwood, IL

    HURFF Drive lot: 80, Elmwood, IL 61529

    Contact for pricing
    0.71 AC lot

    Residential lot with utilities in Fairground Acres Subdivision.

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    Residential Lot in Elmwood, IL
    Residential Lot in Elmwood, IL

    N HURFF Drive lot: 86, Elmwood, IL 61529

    Contact for pricing
    0.73 AC lot

    Almost 3/4 acre residential lot available in Elmwood, IL.

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    Off-Market Properties in Galesburg, IL

    Consider similar Off-Market properties in Galesburg, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Carl Sandburg Dr
    Land

    0 Carl Sandburg Dr, Galesburg, IL 61401

    Value Estimation by Request
    9.12 AC lot
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    Galesburg, IL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income 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 $1,248,000.

    Sale prices for residential income properties in Galesburg, IL start at $1,248,000, averaging $1,248,000, and reaching up to $1,248,000 — 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
    Multifamily properties 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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