28,706 sqft

$1,200,000

65 LOCUST Street Unit: KNOX, Galesburg IL, 61401

Price per sqft$41.80

Built in1971

Property size28,706 sqft

Property typeCommercial

Courtesy of RE/MAX Traders Unlimited, Listing Contact:

Overview

Active

Listed Oct 9, 2026

Updated 11h ago

Excellent multi family investment in this 24-unit, fully leased complex in Galesburg, Illinois. Competitively priced at $50,000/unit, each of the six buildings has 4 units with 12 two bedroom and 12 three bedroom (some with 1.5 bathrooms) units averaging 1,100 SF. Each unit is allocated at least 2 parking spots with carports available for most units. There is a 2 stall garage on site for maintenance and/or owner use. These desirable units provide space for tenants of all types - professionals, families and those working from home needing dedicated office spaces. Roofs, ACs, and heat pumps were all updated within the past 5 years. Units have been renovated with flooring, cabinetry, windows and bathroom remodels as they've been turned. Tenants pay electric and owners pay water/sewer/garbage. Rent roll, expenses, photos of additional units and a video walkthrough of units are available on request. See also MLS #PA1271383.

Other Property Details

Taxes: $21,514
Tax Frequency: Annually

Listings courtesy of RMLS Alliance as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jay Kehrer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:53 AM UTC on 10/30/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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