Contact us: 563.441.1776
Description
Investor opportunity in the heart of downtown! This upper/lower duplex offers strong cash flow potential with both spacious units currently occupied and generating $1,350 per month in rental income. Each unit features 3 bedrooms, 1 full bath, a large living room, formal dining room, and kitchen, along with the convenience of in unit laundry located within the bathrooms. Tenants enjoy separate forced air HVAC systems, providing comfort and efficiency year-round. Major updates include a roof approximately 10 years old, along with newer HVAC systems and hot water heaters. Landlord expenses remain minimal with only water, sewer, trash, and lawn/snow care covered by ownership. Current rents of $650 and $700 per month offer immediate upside potential, with room to increase rents. A solid addition to any investment portfolio!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Knox
High School: Galesburg
Subdivision: None
Listed By:
CENTURY 21 Tucker Swanson
Office: 309-343-6121
RMLSA
MLS ID: CA1043867
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641 W Main Street, Galesburg, IL 61401.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $95,000 | $95,000 | $95,000 |
| Down Payment | $19,000 | $3,325 | $23,750 |
| Monthly Mortgage Amount | $468 | $582 | $592 |
| Taxes | $132 | $132 | $132 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $42 | $0 |
| Monthly Estimated Total | $700 | $856 | $824 |
About this area
About Galesburg
Galesburg, IL—home of the Railroad Days Festival and known for its rich American history—is a leisurely town with a population of about 29,000 (2024). The town integrates the celebration of its history into its future with its family-friendly festivals and historical gatherings. Events like the annual Railroad Days show reverence for the community’s past and a dedication to its continued vibrance. Many of the buildings in Galesburg are both on the historic registry and are currently in use. Galesburg has a thriving downtown area with unique restaurants and plenty of historic places to visit. The town also has cultivated a vibrant arts scene resulting in a bustling downtown.
If you are ready to start your home buying or selling journey, browse the latest real estate listings in Galesburg, IL. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Burlington, IA
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(563) 441-1776
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Based on information submitted to the MLS GRID. 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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