1004 Park Avenue, GALENA, IL 61036 | MLS #202602888 | Mel Foster Brokerage, LLC  
 
Listing provided courtesy of KELLER WILLIAMS REALTY SIGNATURENorthWest Illinois Alliance MLSMLS# 202602888MLS Provider
  • 41 days on site
  • 17 views

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.

Source: NorthWest Illinois Alliance MLS, MLS#: 202602888

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  • Property Type
    Residential
  • Lot
    0.17 acres

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  • Median Age
    57
  • Population Density
    60
  • College Educated
    47%
  • Estimated Median Income
    $68,497
  • Estimated Total Home Owners
    2,502
  • Estimated Total Renters
    726
  • Owner / Renter Divide
    78% / 22%
  • Estimated Average Household Size
    2
  • Total Population
    6,652
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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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.

Life at 1004 Park Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/19/2026Source: NorthWest Illinois Alliance MLS Added to Database
May 19, 2026