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1026 N Cherry Street Galesburg, IL 61401 Residential - Single Family (Bank Owned) - New

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  • 1026 N Cherry Street , Galesburg, IL 61401 Main Photo

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Description

One home or two...the choice is yours! This versatile property in the heart of Galesburg is currently configured as an up/down duplex but could easily be converted back into one spacious single-family home. The lower level features separate living and dining rooms highlighted by beautiful natural woodwork, a spacious kitchen with ample cabinetry, a full bathroom, and three bedrooms with overhead lighting and ceiling fans. Upstairs, you'll find another bright and inviting unit with separate living and dining rooms, gorgeous hardwood floors, a generously sized kitchen, a full bathroom, and two bedrooms. Outside, the property offers a detached two-car garage and an oversized backyard with plenty of room to enjoy or enhance. Whether you're an investor seeking rental income, a homeowner looking for a multi-generational living arrangement, or someone ready to restore this property into a stunning single-family residence, the possibilities are endless. Bank-owned and priced to sell, this property is being offered AS-IS, presenting an excellent opportunity to build equity and unlock its full potential.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 2,448
Garage Size: 2
Built in 1885
School District: District 205

General Information

Bedrooms: 4
Bathrooms: 2
Sqft: 2,448
County: Knox
Listed By:
3% Listing Company, LLC 563-265-0333
MRED MLS

Room Information

Bedroom 2: 8X14
Bedroom 3: 11X13
Bedroom 4: 11X12
Dining Room: 15X17
Family Room: 13X22
Kitchen: 10X10
Laundry: 10X10
Living Room: 13X14
Primary Bedroom: 12X14
$84,000
Est. $636/mo
4beds
2baths
2,448sqft
2cars
New to the Market (Bank Owned) - New
BEDS4 BATHS2 full SQUARE FEET2,448 MLS#12714733
STATUS(Bank Owned) - New PROPERTY TYPEResidential - Single Family SCHOOLDistrict 205

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1026 N Cherry Street , Galesburg, IL 61401.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $84,000$84,000$84,000
Down Payment $16,800$2,940$21,000
Monthly Mortgage Amount $419$508$523
Taxes $117$117$117
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$37$0
Monthly Estimated Total $636$762$740

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About this area

Illinois/Galesburg
Galesburg

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About Galesburg

Galesburg, IL—home of the Railroad Days Festival and known for its rich American history—is a leisurely town with a population of about 29,000 (2024). The town integrates the celebration of its history into its future with its family-friendly festivals and historical gatherings. Events like the annual Railroad Days show reverence for the community’s past and a dedication to its continued vibrance. Many of the buildings in Galesburg are both on the historic registry and are currently in use. Galesburg has a thriving downtown area with unique restaurants and plenty of historic places to visit. The town also has cultivated a vibrant arts scene resulting in a bustling downtown.

If you are ready to start your home buying or selling journey, browse the latest real estate listings in Galesburg, IL. You can also contact us—we are here to help!

Nearest Ruhl & Ruhl Office: Burlington, IA
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(563) 441-1776

About this community

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