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1318 N Cherry St, Galesburg, IL, 61401

$85,500

Home List Price

$1,015*

Closing Credit

0 Baths
Multi

Location

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1318 N Cherry St, Galesburg$85,500

Buyer Closing Credits

$1,015*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Shared Garage/Stall
Year Built1881
HeatingForced Air, Natural Gas, Other
BasementYes
MLS #CA1031838
Lot Size0.23 Acres
StatusActive

About 1318 N Cherry St

Looking for a 4-Stall Garage with height to accommodate trucks or utility vehicles along with a wonderful location offering 3-unit apartment house with 3 separate ingress and egress points easily converted to be used as a single family home. Unit 1 features level living room, kitchen, bedroom, and bathroom. Unit 2 offers kitchen/dining, bedroom, and bathroom. Unit 3 is located on the second level of home and offers kitchen, living room, bedroom, and bathroom. Front, side, back porches offer the ingress/egress points. Home is situated on deep corner lot also featuring 4-car garage with additional income potential. Convenient location to schools shopping, restaurants, recreation, and shopping. Home being sold as-is. Call today!

Property Details

Property Features

Property Information:

  • Year Built: 1881

Listing Office:

  • Office Name: RE/MAX Preferred Properties
  • Office Phone: (309) 344-5444
  • Listing Agent: Thomas Knapp

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Shared Garage/Stall

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Other

School Info

Assigned Schools Information:

  • Galesburg High School, Public District Grades 9-12
  • Silas Willard Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From E. Fremont Street turn north on N. Cherry Street and proceed to 1318 on the SW corner of Sanborn and Cherry Streets.

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,500

Tax Information:

  • Annual Amount: $2,077
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Galesburg, IL.

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Galesburg, IL

City

Med. Sold Price

$98.4K

Med. Price/SqFt

$76

Avg. Days On Market

34

# of Sold Homes

33

1318 N Cherry St vs Galesburg

52 DAYS ON ROCKET

+18 Days

$85,500

-$12.9K Less

KEY TAKEAWAY

This property is $12.9K less than the Median Sold Price in Galesburg, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1031838

Listing Office:

  • Office Name: RE/MAX Preferred Properties
  • Office Phone: (309) 344-5444
  • Listing Agent: Thomas Knapp

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 11:50:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,077$21,000
2019$2,052$20,590
2018$2,045$20,590
2017$2,003$19,990

History based on county public records data.

Payment Calculator

$494

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$323

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2073298
5
/10

  • Silas Willard Elementary School

  • 495 E Fremont St

  • 0.37 miles

  • Public District Grades KG-5

High School

school-card-donut-2073299
2
/10

  • Galesburg High School

  • 1135 W Fremont St

  • 0.96 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,250. The majority of Galesburg, IL residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Knox County›Galesburg›61401›1318 N Cherry St

This home is located at 1318 N Cherry St in Galesburg, IL and zip code 61401. This home, which was built in 1881, sits on a 0.23 acre lot. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $85,500.

In October 2024, from all listings sold in Galesburg, IL there were more than 6 sold above asking price, over 19 sold below and more than 8 were sold right at the asked price. The number of listings in Galesburg, IL increased by 6.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $98,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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