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$499,000 -$76,000 (-13.22%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 2717 Galilee Ave
General
- Price: $499,000
- Taxes: $8,490 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12676164
- Updated: 6/29/2026
- Added to Site: 17 day(s) ago
Location
- Area: Zion
- County: Lake
- Township: Zion
- Driving Directions: "Located on Galilee Ave between 26th St and 27th St, east of Sheridan Rd and west of Green Bay Rd."
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Utilities
- Trash: 1900
Structural Information
- Stories/Levels: 1
- Year Built: 1958
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 48 x 139
Financial Considerations
- Insurance Fee: $4,832
- Operating Expenses: $21,200
- Assessment Year: 1958
- Tax Amount: $8,490
- Tax Year: 2024
- Pays Electric: 1500
- Pays Trash: 1900
Disclosures and Reports
- Property ID: 4213090030000
Listed by Listing Leaders Northwest, Inc
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Schools
Schools serving 2717 Galilee Ave
| Name | Grades | Distance |
|---|---|---|
Elmwood Elementary School, Zion, IL 3025 Ezra Avenue, Zion, IL 60099 | 3-5 | 0.6 mi |
Lakeview School, Zion, IL 2200 Bethesda Boulevard, Zion, IL 60099 | PK-2 | 0.8 mi |
Zion Central Middle School 1716 27th Street, Zion, IL 60099 | 6-8 | 0.5 mi |
New Tech High - Zion-Benton East 1634 23rd Street, Zion, IL 60099 | 9-12 | 0.8 mi |
Zion-Benton Twnshp Hi School 3901 21st Street, Zion, IL 60099 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2717 Galilee Ave
Date
Details
Price
Change
Source
6/23/2026
Price Reduced
$499,000
-13.22%
MLS
6/12/2026
Listed
$575,000
35.29%
MLS
7/30/2025
Sold
$425,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2717 Galilee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,490
7%
$73,564
10%
2024
$7,971
-5%
$66,907
18%
2023
$8,410
-3%
$56,902
-3%
2022
$8,707
2%
$58,835
7%
2021
$8,538
3%
$55,192
6%
2020
$8,259
—
$51,912
7%
2019
$8,259
-3%
$48,358
—
2018
$8,504
-1%
$48,359
8%
2017
$8,565
5%
$44,859
—
2016
$8,131
-7%
$44,882
10%
2015
$8,738
-12%
$40,724
—
2014
$9,955
2%
$40,724
-13%
2013
$9,754
-9%
$46,945
-26%
2012
$10,763
—
$63,294
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2717 Galilee Ave
2717 Galilee Avenue, Zion, IL 60099 (MLS# 12676164) is a Commercial property. 2717 Galilee Avenue is currently listed for $499,000 and was received on June 12, 2026. Want to learn more about 2717 Galilee Avenue? Do you have questions about finding other Commercial real estate for sale in Zion? You can browse all Zion real estate or contact a Coldwell Banker agent to request more information.

