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Listing Details

516 N Prairie Street Galesburg, IL 61401
$95,000
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Beautiful Historic Home converted to apartment building with main level meeting hall with half bathroom with potential for 3rd apartment. Building is conducive to converting current space into additional apartments. Each of the upper units feature living room, kitchen, bathroom, and 1-2 bedrooms. Spacious walk-up attic, full basement, vinyl exterior, and convenient off street parking lot. Excellent investment opportunity. 12-24 hour notice required for showings - no exceptions. Call today and schedule a private showing.

Square Feet: 3986 Bedrooms:

Listing

Property Age:142
Directions:Take E. Losey Street To N.Prairie Street, Turn South And Proceed To Property Located On The West Side Of Street.
Legal Description:Gale S 1St Addn S D 1904 Orig Lots 1 Thru 7 Blk 3 Lot 21 Andgale S 1St Addn S D 1904 Orig Lots 1 Thru 7 Blk 3 Lot 22.
Date Listed:2018-04-02
MLS Number:181917
List Price:$95,000
Owner Financing Y/N:No
PropertyFeatures:Attic Storage,Common Entrance,Community/Rec Room,Fireplace,Wood Floors
Zoning:R-3

Location

Address City:Galesburg
Address County:Knox
Address Zip Code:61401
School District:Galesburg Cusd #205
Address State:Il
Address Street Name:Prairie Street

Income

Efficiency 1 Bath Units:1
Efficiency Rent:400
Efficiency Units:1
Gross Income:17100
Net Income:4890.6
1 Bedroom Rent:500
2 Bedroom Rent:525
Rent per Month:1425

Dwelling

A/C Units:7
Basement Type:Full
Building Type:Other
Cooling:Window Unit
Heating:Hot Water
HeatingSource:Natural Gas
Sewer:Connected
SqFt Total:3986
# of Stories:2
Total Units:3
1 bed 1 bath units:1
1 Bedroom Units:1
2 bed 1 bath units:1
2 Bedroom Units:1
Water:City
Window A/C Units:7

Taxes / Expenses

Operating Expenses:12209.4
Fuel Expense:5640
Insurance Expenses:1001
LeaseInformation:Leased,Security Deposit
Maintenance Expenses:70
Snow Expenses:1620
Tax Amount:2931.4
Tax ID:9910426016 / 9910426017
Tax Year:2016
Trash Expenses:532
Water Expenses:415

Interior

Ranges:2
Refrigerators:3
1 Bedroom Rooms:4
2 Bedroom Rooms:5

Rooms

Baths:2
Rooms:9

Exterior

Construction:Vinyl

Grounds / Land / Lot

Acres - Total:.45
Area / Zone Sort:301
Area / Zone Code:Galesburg Northeast
Lot Size:90+42X148.5X42+90X148.5
ParkingDesc:Off Street,Parking Lot
# Parking Spaces:18

Photos

Map

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Listed by: RE/MAX Preferred Properties  /   MLS: 181917