Listing provided courtesy of Listing Leaders Northwest, IncMREDas Distributed by MLSGrid- MLS# 12676164MLS Provider

2717 Galilee AvenueZion, IL 60099

Commercial · 8 Beds
$499,000 Active

2717 Galilee Avenue Overview

Time on Site:
14 days
Visits:
0

This well-maintained six-unit multifamily property has been extensively improved through proactive ownership and ongoing capital investments. Significant upgrades include building-wide ventilation improvements, electrical repairs, plumbing enhancements, water heater replacement, heating system repairs, and common area maintenance. Several units have been renovated following tenant turnover, including interior updates, painting, safety upgrades, and mechanical improvements. Additional investments include the installation of new sump pumps, smoke and carbon monoxide detectors, and various preventative maintenance projects designed to improve long-term reliability and tenant satisfaction. The property has been professionally maintained with a focus on preserving the building's infrastructure while minimizing deferred maintenance. Recent improvements to major building systems help reduce near-term capital expenditure needs and provide confidence for future ownership. With stable occupancy, consistent rental income, and numerous recent upgrades, this property offers investors a turnkey opportunity with strong cash flow potential and long-term value. The combination of recent capital improvements, maintained building systems, and reliable tenancy makes this an attractive addition to any multifamily portfolio.

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2717 Galilee Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1500
  • Fuel Expense: 2000
  • Gross Income: 75600
  • Gross Scheduled Income: 75600
  • Insurance Expense: 4832
  • Maintenance Expense: 0
  • Net Operating Income: 54478
  • Operating Expense: 21200
  • Trash Expense: 1900
  • Water Sewer Expense: 2400

Building Information

  • Year Built: 1958

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Zion
  • Township: Zion

Tax Information

  • Tax Annual Amount: $8,490.00
  • Tax Year: 2024

General Information

  • Parcel Number: 04213090030000
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 48x139

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

2717 Galilee Avenue Neighborhood

Community

60099 (Zion) Demographics

34
Median Age
1,265
Population Density (per sq. mile)
25%
College Educated
$57,302
Estimated Median Income
6,502
Estimated Total Home Owners
4,018
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2717 Galilee Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2717 Galilee Avenue Market Data

Based on the last 30 days in this zip code

$291,722
Average List Price
$190
Average Price per Square Foot
20
Properties Sold
48
Average Days on Market
70
Properties for Sale
Calculations provided by Reliance Network

2717 Galilee Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$499,000 -13.2%
6/23/2026Source: MRED Status Change
Price Change
6/18/2026Source: MRED Status Change
Active
6/16/2026Source: MRED Added to Database
June 16, 2026
8/1/2025Source: MRED Status Change
Closed
5/28/2025Source: MRED Status Change
Contingent
4/29/2025Source: MRED Status Change
Active
4/24/2025Source: MRED Added to Database
April 24, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022