$64,900
PENDING $25K PRICE DROP

1318 N Cherry St Galesburg, IL 61401

Estimated payment $429/month

Total Views 51,274
4 Beds
-- Bath
1,704 Sq Ft
$38 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Wood Siding
  • 4 Car Detached Garage

About This Home

Investor and Contractor Alert! Excellent Location and 24x44 (4-stall) garage with 2-double overhead doors offering height to accommodate trucks, vans, utility vehicles, and/or shop space, also 2-service doors. Handy Andy needed for the 3/4 bedroom, 3 bathroom home featuring main level living room, kitchen (currently gutted and needing Reno work), dining room, family room, and 2 bathrooms (one gutted and needing Reno work). 2nd level offers two bedrooms, bathroom, and potential laundry room. Front, side, back porches offer ingress/egress points. Ideal renovation for this single family home which was previously used as office and two unit apartment house. New roof and water heater fall of 2024. Home is situated on deep corner lot convenient location to schools shopping, restaurants, recreation, and shopping. Home being sold as-is. Call today!

Last Listed By

Thomas Knapp

RE/MAX Preferred Properties Brokerage Phone: 309-344-5444 License #471003323 Listed on: 09/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,689

Year Built

  • Built in 1881

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50.3 x 200
  • Corner Lot
  • Level Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Brick Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 1,704 Sq Ft Home
  • Partial Basement

Schools

  • Silas Willard Elementary School
  • Lombard Middle School
  • Galesburg High School

Utilities

  • Forced Air Heating System
  • Window Unit Heating System
  • Cable TV Available

Community Details

  • Broad Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9903456010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,689

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1881
  • New Construction: No
  • Structure Type: Two or More Story, Apartment Building, Conversion, Triplex
  • PricePerSqFt: 38.09
  • Attribution Contact: Offc: 309-344-5444
  • Special Features: VirtualTour

Interior Features

  • Basement: Partial
  • Total Bedrooms: 4
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Wood Siding
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached, Shared Garage/Stall
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Natural Gas, Window Unit(s)
  • Electric Expense: 1950
  • Water Sewer Expenses: 750
  • Water Source: Public Sewer, Public
  • GasExpense: 1950
  • NumberOfWaterHeaters: 1
  • NumberOfHeatingUnits: 1
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1
  • NumberOfRanges: 1
  • NumberofRefrigerators: 1
  • NumberOfWindowUnits: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Silas Willard
  • High School: Galesburg
  • Middle Or Junior School: Lombard

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size: 50.3 x 200
  • Parcel #: 9903456010

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2689.4
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 17700
  • Annual Operating Expense: 5850

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,689 $28,330 $3,870 $24,460
2022 $2,110 $22,260 $3,870 $18,390
2021 $2,044 $21,000 $3,650 $17,350
2020 $2,077 $21,000 $3,650 $17,350
2019 $2,053 $20,590 $3,580 $17,010
2018 $2,046 $20,590 $3,480 $17,110
2017 $2,003 $19,990 $3,380 $16,610
2015 -- $19,690 $3,330 $16,360
2013 $1,813 $19,890 $3,360 $16,530
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Sold $55,000 -15.3% $32 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
04/03/2025 04/03/25 Pending -- -- --
03/26/2025 03/26/25 Price Changed $64,900 0.0% $38 / Sq Ft
03/26/2025 03/26/25 Price Changed $64,900 -18.8% $38 / Sq Ft
01/28/2025 01/28/25 Price Changed $79,900 0.0% $47 / Sq Ft
01/28/2025 01/28/25 Price Changed $79,900 -6.5% $47 / Sq Ft
01/28/2025 01/28/25 For Sale $85,500 0.0% $50 / Sq Ft
01/13/2025 01/13/25 For Sale $85,500 0.0% $50 / Sq Ft
01/10/2025 01/10/25 Off Market $85,500 -- --
01/10/2025 01/10/25 Off Market $55,000 -- --
10/18/2024 10/18/24 Price Changed $85,500 0.0% $50 / Sq Ft
10/18/2024 10/18/24 Price Changed $85,500 -4.9% $50 / Sq Ft
09/13/2024 09/13/24 For Sale $89,900 0.0% $53 / Sq Ft
09/12/2024 09/12/24 For Sale $89,900 -- $53 / Sq Ft
Source: RMLS Alliance

About the Listing Agent

Thomas Knapp

RE/MAX Preferred Properties

(309) 328-3015

Section Image

Thank you for visiting my website. I would like to take a few minutes to tell you a little more about myself and why you should call on me for all of your real estate needs.

I enjoy the real estate business because it allows me the opportunity of building relationships, helping people, and at the same time to work within a community that I really enjoy being a part of. When not working, my favorite thing to do is spend time with my wife Julie, daughter Chelsea, and son

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Source: RMLS Alliance

MLS Number: CA1031838

RMLS Alliance

APN: 99-03-456-010