313 Galesburg RoadKnoxville, IL 61448
Knox County
Description
Positioned on a large lot with room inside for future expansion, this 24-unit multifamily property presents an opportunity to increase both scale and long-term value. Recent construction has added a unit mix that includes lofts, efficiency apartments, one-bedroom, and two-bedroom units, providing flexibility to appeal to a broad tenant base. With several newly completed units already in place and additional development potential remaining, investors have the opportunity to continue executing a value-add strategy while building on the progress that's already been made. Whether you're looking to expand an existing portfolio or acquire an asset with meaningful upside, this property offers both current income potential and room for future growth.
Property Information
- Property type
- Commercial Sale
- Building area
- 22,000 Sq Ft
- Lot size
- 0.85 acres
- Lot dimensions
- 164x227
- Zoning
- Commercial
- Days on market
- 60
- MLS® Listing#
- PA1270145
Property Features
- Cooling
- Central Air · Other
- Heating
- Natural Gas
- Flooring
- Carpet · Concrete · Tile
- Lot features
- Irregular Lot
- Construction
- Vinyl Siding · Frame
- Roof
- Composition · Shingle
- Sewer
- None
- Water source
- Public
Financial Details
- HOA
- Yes
- Annual taxes
- $8,978Tax year 2025
- Parcel number
- 10-29-252-015
Directions
West on W Main St to Galesburd Rd
Listing Courtesy: RE/MAX Traders Unlimited - Mobile: 319-850-5309
Presented by: Elizabeth Bowen
