433 N High St, Galena, IL 61036

Rare opportunity, Rental Investment Property located in the Old Seminary School on top of "Jail Hill" offering 6 apartments ranging between 1 and 2 bedroom units. Private Decks on 2 and 3 floor. Each unit includes a 1 car garage. FROM THE CITY: By City of Galena ordinance, whether a Buyer wants to keep this as an apartment building or convert to a condominium, the land uses are essentially no different. In other words, the continued use as an apartment building or if it is preferred as condos would both be OK with the city as long as the nonconforming use does not become any more intense. A new owner could convert the building in to privately owned condos, and that would be OK with the city. This City letter/email is on file with the listing brokerage. (Seller is a licensed broker. Square feet, lot dimensions, and acreage from County information.) Income and Expense Report available. Exact Unit sq footage is not known. Condo Conversion is a great possibility as City has given positive response.