$725,000 Price Analysis   ♡   Galena, IL 61036 Unknown bed None bath 4,743 SqFt ($152/SqFt) Built 1900 Listed 2024-04-26, Taxes $8,260 | ✓ USDA Eligible near Galena, IL Restrictions may apply due to home size |
The best of both worlds combining income possibilities from long term and short-term rental!
Stately brick apartment building housing 5 total 1 bed, 1 bath units that exudes historic charm and incredible curb appeal sited minutes from vibrant Main Street, Galena and packaged with an absolutely charming 2 bed, 2 bath detached Coach House with coveted short term rental license. Originally a grand Galena single family residence many of the units have a touch of yesteryear that varies and includes period wood flooring, arched accents, detailed period woodwork and gorgeous decorative fireplace surrounds (fireplaces are inoperable). Washer nd dryer in each unit for total convenience and Window A/C. Make your way to the Coach House to find a fully renovated brick cottage-style home mixing modern finishes and historic beauty plus multi-level addition that offers open kitchen and living room, second floor bedroom suite with nicely appointed private bath, laundry room, secondary living room with access to elevated patio and third level with additional suite and gorgeous private bath.
Coach House is approximately 1280 square feet, has gas forced air furnace and central A/C and concrete drive with ample guest parking (6-person total occupancy). No off-street parking for apartment building but driveway with parking for short term rental Coach House. Utility info and maintenance expenses approximate and for 2022 year. Coach House gross rental for 2022 was over $38, 000 and is professionally managed. Some expense exists if purchaser continues with current program. Total square footage noted does not include the 1280 square feet of Coach House. Please note that units in the apartment building cannot be rented on a short term/nightly basis. Only the Coach House portion carries licensing for short term rental.
Presented by DAMON HEIM at
COLDWELL BANKER NETWORK REALTY.
Property MLS #202401902 from NorthWestILAlliance
Refrigerator
Stove/Cooktop
Oven
Washer
Heating Features: Hot Water/Steam, Natural Gas
Siding
High School: Galena
Middle School: Galena
School District: Galena
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 2
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 5
Total Rooms in Unit-6: 6
Unit-6 Square Feet: 1280
Unit 1 Total Actual Rent: 900
Unit 3 Total Actual Rent: 800
Unit 4 Total Actual Rent: 900
Unit 5 Total Actual Rent: 800
Patio
Porch Enclosed
Annual Tax Amount: 12954
Source Listing Status: ACTIVE and AVAILABLE
County: Jo Daviess County
Tax Year: 2023
Source Property Type: MULTIFAMILY
Insurance Expense: 3313
Area: Galena
Source Neighborhood: Galena
Parcel Number: 2210067400
Property Subtype: 5+ Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $95,664 + $3,330 $98,994 | $8,260 |
| 2021 | $88,129 + $3,068 $91,197 | $7,824 |
| 2020 | $81,821 + $2,848 $84,669 | $7,478 |
| 2019 | $82,214 + $2,848 $85,062 | $7,464 |
| 2018 | $84,591 + $2,930 $87,521 | $7,498 |
| 2017 | $82,480 + $2,857 $85,337 | $7,184 |
| 2016 | $82,480 + $2,857 $85,337 | $7,029 |
| 2015 | $79,346 + $2,857 $82,203 | $6,808 |
| 2014 | $79,346 + $2,857 $82,203 | $6,612 |
| 2013 | $79,346 + $2,857 $82,203 | $6,488 |
| 2012 | $79,346 + $2,857 $82,203 | $6,158 |
| 2011 | $80,936 + $2,915 $83,851 | $5,811 |
| 2010 | $83,370 + $3,003 $86,373 | $5,767 |
| 2009 | $83,370 + $3,003 $86,373 | $5,648 |
| 2008 | $81,416 + $2,933 $84,349 | $5,587 |
| 2007 | $78,663 + $2,834 $81,497 | $5,572 |
$725,000
NorthWestILAlliance
Year Built: 1900
Above Grade Finished Area: 4743
Property Age: 124
Roof: Shingle, Rubber
Levels or Stories: 3+ Story
House Style: 3+ Story
Total Above Grade Sqft Area: 2256
Total Area Main: 2256
Sewer: City
Water Source: City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.