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    107 N Elm St Gardner, IL 60424

    For Sale
    $229,000

    Residential Income - Gardner, IL

    Days on Market:
    32
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 107 N Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    1204462013
    Parking
    4

    Utilities

    Heating system
    Steam

    Building Details

    Architectural style
    Other

    Lori Bonarek Realty (815) 518-2300 [email protected]

    Listing agent Diana Mason (815) 518-2300 License #475175172

    Listing date Nov 13, 2025

    MLS# 12393974 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Converted Home with Three Apartments

    This converted home in Gardner, Illinois, presents a rare investment opportunity. The property features three apartments. Two apartments are 2-bedroom, 1-bath units, and one apartment is a 1-bedroom, 1-bath unit. All apartments are currently rented on a month-to-month basis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Grundy
    State
    Illinois
    Longitude
    -88.307276
    Latitude
    41.186502

    Nearby Similar for Sale

    • $650,000
      0.46 Acres

      Gardner Commercial Building Investment

      Six-unit building, prime location, great return.
      112 Railroad St, Gardner, IL 60424
      View Details

    FAQs

    What type of property is this?
    Triplex - Investment opportunity: converted home with three rentable apartments.
    Where is this triplex located?
    The property is located at 107 N Elm St Gardner, IL.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Rare investment opportunity; - Three rentable apartments: **Two 2-bed, 1-bath apartments** and **one 1-bed, 1-bath apartment.**; - All apartments currently rented
    (815) 518-2300
    Request Owner's contact information
    107 N Elm St Gardner, IL 60424
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    Gardner, IL 60424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 N Elm St Gardner, IL 60424
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