Residential Income

Knox County, IL Residential Income Properties for Sale

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Chicago, IL Springfield, IL Rockford, 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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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Knox County, IL, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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

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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

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0.73 AC lot

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

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Off-Market Properties in Knox County, IL

Consider similar Off-Market properties in Knox County, 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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Knox County, IL Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Knox County, 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 Knox County, 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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