under 150,000 home budget Galesburg Illinois
$
105,000
Pending
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Galesburg, Illinois
1046 Chamberlain St
2
Beds
2
Baths
1960
Sq Ft
1957
Built

Character Home, Finished Basement, Fireplace, Garage

1957 Ranch with Finished Basement and Deep Lot — $105,000

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%7Fireplace, finished basement, rec room, deep lot, 2-car garage — good bones
Condition25%7Move-in ready language, replacement windows, 2018 water heater; HVAC age unknown
Price / Sq Ft15%8Listing $54/sqft vs zip median $100/sqft — 46% below; thin 8-comp data, directional signal
Price vs. Market5%4$105K vs $119,948 median — ~12% below; active zip with 120 sales last month
Market Conditions5%6DOM 39 days, sale-to-list 96.2%, price drops 34% — mild buyer advantage

At 1,960 square feet of finished space for $105,000, this house is worth a look just on the math. The price per square foot comes in around $54, against a zip median closer to $100. That gap is wide enough to matter.

The house is a one-story ranch built in 1957, and the main floor runs about 1,162 square feet. One bedroom, a den that could function as a second, a full bath, a dining and living area, and a fireplace. The layout is straightforward. Nothing about the main floor is going to surprise you, but the fireplace is a nice thing to have, and the replacement windows mean you probably have a few years before that line item comes up.

The basement is where the square footage makes sense. It's fully finished, with a rec room, a bonus room that works as an office or guest space, and a second full bath. That bottom floor gives you real flexibility. If you need a dedicated workspace, a place for out-of-town family, or just somewhere to put the kids' stuff, it handles all of that without feeling like a compromise. One note: neither of those basement rooms has an egress window, so they don't count as legal bedrooms. Adding one is a straightforward project, but it's a project.

The lot is 66 by 198 feet, which is a genuinely long piece of land. Room for a garden, a dog, a shed, or just a backyard that feels like a backyard rather than a postage stamp. The two-car garage is deep, which adds storage or workshop space depending on what you need.

Water heater was replaced in 2018. HVAC age is not disclosed, so that's worth asking about before you close.

At 39 days on market with about a third of listings in this zip having taken price cuts, you have some room to negotiate. The house is priced below the local median already. That combination gives a buyer a reasonable starting position.

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