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$ 895,000
Est. payment /mo
New
1004 Park Avenue Galena, IL 61036
8 Beds
9 Baths
5,152 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Historic
Listing Status Active
Purchase Type For Sale
Square Footage 5,152 sqft
Price per Sqft $173
Subdivision Il
MLS Listing ID 202602888
Style Historic
Bedrooms 8
Full Baths 8
Half Baths 1
Annual Tax Amount $13,737
Tax Year 2025
Lot Size 7,405 Sqft
Property Sub-Type Historic
Property Description
A rare opportunity to own one of Galena's most distinguished historic residences — an extraordinary circa-1846 solid brick luxury estate blending timeless architectural character with sophisticated modern living and flexible hospitality potential. Rich in History to include the home of the Galena Mayor from 1875. Located within walking distance of downtown Galena and prominently facing the Galena River, this remarkable property offers eight bedrooms and eight-and-one-half baths across a thoughtfully updated and highly adaptable floorplan currently configured as a luxury residence with guest accommodations and income-producing suites. Rich in historic detail, the home showcases original woodwork, soaring 12-foot ceilings, and exquisite hand-carved marble fireplace surrounds that reflect the craftsmanship and elegance of a bygone era. Extensive renovations have carefully modernized the property while preserving its architectural integrity, including the addition of central air conditioning, new tongue and groove hickory and refinished wood flooring, multiple updated kitchens with high-end custom granite countertops and cabinets, induction ranges, remodeled baths and an upgraded 400 amp electrical service with a 50A level II EV charging station. The property is available furnished for turn key occupancy. The main residence features an expansive eleven-room layout including twin first floor parlors with original interior Greek columns, an eleven theatre seat media room, formal dining room with an adjacent lounge, five ensuite bedrooms, each with private bath access, with three suites also offering oversized soaking tubs. Additional guest accommodations include a beautifully appointed three-room suite with full kitchen and bath, plus two separate fireplace studio suites with private baths and kitchen facilities — creating exceptional flexibility for multigenerational living, private guest quarters, luxury short-term rentals, boutique inn use, or executive retreat accommodations. Designed for both beauty and efficiency, the property also includes a solar energy system with battery backup located on the detached 2½-car garage, with utility net-metering providing one-to-one electrical credit benefits. Currently operated as a successful hospitality property with substantial upside potential, the estate generates approximately $70,000 annually in Airbnb/VRBO income with minimal advertising and significant opportunity for expanded luxury marketing and event-oriented use. The owner has a transferable current City of Galena Small Inn License for the property. Whether envisioned as a prestigious private residence, luxury family compound, boutique inn, executive retreat, or hybrid live/work hospitality property, this exceptional Galena estate offers a combination of historic significance, modern comfort, and lifestyle versatility rarely available in today's market.
Location
State IL
Area Jo Daviess County
Rooms
Family Room Yes
Basement Full
Primary Bedroom Level Upper
Dining Room Yes
Interior
Hot Water Electric
Heating Hot Water/Steam, Natural Gas
Cooling Central Air, Zoned
Fireplaces Number 2
Fireplaces Type Gas
Exterior
Exterior Feature Brick/Stone
Garage Spaces 2.0
Roof Type Shingle
Building
Sewer City/Community
Water City/Community
Schools
Elementary Schools Galena
Middle Schools Galena
High Schools Galena
School District Galena
Listed by KELLER WILLIAMS REALTY SIGNATURE