Galesburg, IL Updated 3BR Home Next to Bateman Park and the Jr. High School | Value-Add Rental with Strong Upside 🔥

• 3 Beds / 1.5 Baths • 1,500 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1.5
  • 1900
  • 1500
  • 8000
  • No Garage

Description

Investor special with solid upside! This 3-bedroom, 1.5-bath home offers approximately 1,500 square feet and sits on a fenced lot directly next to a park, making it an attractive option for future tenants or owner-occupants.


The property has seen several key updates since 2023, including a updated kitchen, updated bathrooms, new countertops and fixtures, and the addition of a main-floor half bath with laundry area. The water heater was replaced in early 2024, and the home is equipped with a high-efficiency furnace. Most of the foundation has already been replaced with new footings and a sump pump system.


Additional features include hardwood floors beneath the living room carpet, a spacious fenced backyard, and a large storage shed capable of housing motorcycles, lawn equipment, or workshop storage, with bonus overhead storage areas.


Property Highlights

  1. 3 Bedrooms / 1.5 Bathrooms
  2. Approx. 1,500 SF
  3. Vacated this month
  4. Market Rent: $1,150
  5. Updated kitchen and baths (2023)
  6. Water heater replaced (2024)
  7. High-efficiency furnace
  8. Fenced backyard
  9. Large storage shed with loft storage
  10. Located directly next to a park
  11. Below-market rent with upside potential


Repairs/Considerations

  1. Carpet replacement or cleaning recommended
  2. One remaining section of original foundation may require future attention

Great opportunity for a rental investor seeking cash flow upside or a buyer looking for an affordable home with major updates already completed.

Estimated Spread

  • ARV $140,000
  • Price $70,000
  • Spread $70,000