615 MAIN Street, Galesburg, IL, 61401
CENTURY 21 Tucker SwansonBasics
- Date added: Added 7 days ago
- Category: Residential Income
- Type: Residential Income
- Status: Active
- Year built: 1898
- SubdivisionName: None
- ListOfficeName: CENTURY 21 Tucker Swanson
- ListAOR: rmlsa
- MLS ID: RMACA1043869
Description
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Description:
Excellent income producing multi-unit investment opportunity featuring four rental units with strong rental history and numerous updates throughout! The spacious main floor unit offers 4 bedrooms and 1 full bath and has been extensively remodeled with a new kitchen, updated flooring, fresh paint, & newer appliances. Upstairs consists of two 1-bedroom, 1-bath units, each featuring a living room, kitchen, bedroom, and bath, along with an efficiency apartment offering a combined living/bedroom area, kitchen, and full bath. The property has seen continual improvements over the past 5-6 years, with all units being partially or fully remodeled. Major mechanical updates include a boiler installed in 2014, two newer hot water heaters replaced in 2020-2021, and a brand new roof with warranty completed in 2022. Heating consists primarily of boiler heat with one upstairs unit featuring electric baseboard heat. Current rental income totals $2,750 per month with the main floor unit renting for $1,000, two upstairs units at $650 each, and the efficiency unit at $450. Main floor tenant pays electric, while landlord expenses include gas, upstairs electric, water, sewer, trash, and lawn/snow care. This is a turn-key investment property with solid cash flow and continued upside potential!
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Location
- CountyOrParish: Knox
- Directions: On Main Street.
Building Details
- ParkingTotal: 4
- NewConstructionYN: No
- Heating: Natural Gas, Hot Water, Gas Water Heater
- Basement: Full, Unfinished
- Exterior material: Brick
- Roof: Rubber
- Parking: Attached, On-street, Parking Pad
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
