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260 North Broad Street, Galesburg IL 260 N Broad St 6 Unit Apartment Building $119,900 ($19,983/Unit) 21.80% Cap Rate Galesburg, IL 61401

Apartment Buildings Illinois Galesburg 260 N Broad St, Galesburg, IL 61401

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INVESTMENT HIGHLIGHTS

  • Nice are
  • rehab opportunity
  • a 20%+ net ncome
  • Low maintenance
  • Value Add

EXECUTIVE SUMMARY

AWESOME PROPERTY!!!! 6 units. 4 out of 6 currently occupied to great tenants. 2 units need to be completed. Good bones, very nice area, low maintenance. PROPERTY WILL GENERATE A 19.38% NET RETURN ON INVESTMENT!!! 45K IN VALUE ADD!!! Don’t miss this opportunity.

ATTACHMENTS

Property Flyer 260 North BROAD Street, Galesburg, IL

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $39,600 $8.02
Taxes $1,596 $0.32
Operating Expenses $11,860 $2.40
Total Expenses $13,456 $2.73
Net Operating Income $26,144 $5.30

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $39,600
Annual Per SF $8.02
Taxes
Annual $1,596
Annual Per SF $0.32
Operating Expenses
Annual $11,860
Annual Per SF $2.40
Total Expenses
Annual $13,456
Annual Per SF $2.73
Net Operating Income
Annual $26,144
Annual Per SF $5.30

PROPERTY FACTS

Price $119,900 Apartment Style Low-Rise
Price Per Unit $19,983 Building Class C
Sale Type Investment Lot Size 0.30 AC
Cap Rate 21.80% Building Size 4,936 SF
Sale Condition Redevelopment Project Average Occupancy 100%
No. Units 6 No. Stories 2
Property Type Multifamily Year Built 1900
Property Subtype
Apartment
  • Multifamily Apartments
 Parking Ratio 2.04/1,000 SF
Price $119,900
Price Per Unit $19,983
Sale Type Investment
Cap Rate 21.80%
Sale Condition Redevelopment Project
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.30 AC
Building Size 4,936 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900
Parking Ratio 2.04/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Grill
  • Basement
  • Handrails
  • Lawn

SITE AMENITIES

  • Picnic Area
  • Grill
  • Trash Pickup - Curbside
  • Storage Space
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $550.00 500

LINKS

1 1

PROPERTY TAXES

Parcel Number 99-10-455-011 Total Assessment $17,200
Land Assessment $1,680 Annual Taxes $1,596 ($0.32/SF)
Improvements Assessment $15,520 Tax Year 2024

PROPERTY TAXES

Parcel Number
99-10-455-011
Land Assessment
$1,680
Improvements Assessment
$15,520
Total Assessment
$17,200
Annual Taxes
$1,596 ($0.32/SF)
Tax Year
2024
(754) 251-0201

Still interested?

Contact the broker for more information about this property

CONTACT

  • Eli Ahmadov
    Eli Ahmadov

  • Listing ID: 38516753

  • Date on Market: 11/20/2025

  • Last Updated:

  • Address: 260 N Broad St, Galesburg, IL 61401

More public record information on 260 N Broad St, Galesburg, IL 61401

The Multifamily Property at 260 N Broad St, Galesburg, IL 61401 is currently available for Sale. Contact LOYD Realty for more information.

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260 North Broad Street, Galesburg IL | 260 N Broad St
(754) 251-0201 x

260 North Broad Street, Galesburg IL | 260 N Broad St

Eli Ahmadov
(754) 251-0201

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