Three-Unit Residential Income
For Sale
Under Contract
$215,000
107 N Elm Street, Gardner, IL 60424
MULTI_FAMILY - Gardner, IL
Days on Market410
Property Features for 107 N Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Basement, Bathroom 3, Bedroom 2
Parking
4
Basement
Partial
Elementary school
Gardner Elementary School
Middle school
Gardner Elementary School
High school
Gardner-South Wilmington Twp H S
Elementary school district
72C
Middle school district
72C
High school district
73
Directions
I55 S to Exit 227 E on Main St to Elm and go North to property
Subdivision
Gardner
Standard status
Active Under Contract
APN
1204462013
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4872
Utilities
Sewer type
Public Sewer
Heating system
Steam
Water source
Public
Listing Agency:
Lori Bonarek Realty
(815) 518-2300
Listed By:
Diana Mason · License #475175172
(815) 518-2300
Added: Jun 16, 2025
Changed: Jul 30
Last Checked: Jul 30 at 3:06PM
MLS# 12393974
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This converted residential property provides three rentable apartments. The main-floor unit is configured as a 2-bedroom, 1-bath layout, and the second-floor unit is also a 2-bedroom, 1-bath. A third unit on the main floor is configured as a 1-bedroom, 1-bath.
All three apartments are currently leased on a yearly basis. The property is located at 107 N Elm Street in Gardner, Illinois (60424).
The overall setup is an apartment-style income property with a mix of 2-bedroom and 1-bedroom units, each with its own bedroom and bathroom configuration as described.
All three apartments are currently leased on a yearly basis. The property is located at 107 N Elm Street in Gardner, Illinois (60424).
The overall setup is an apartment-style income property with a mix of 2-bedroom and 1-bedroom units, each with its own bedroom and bathroom configuration as described.
Key Highlights
- Converted home in Gardner with 3 rentable apartments
- Unit mix: two 2 bed, 1 bath apartments and one 1 bed, 1 bath apartment
- All apartments are currently leased on yearly basis
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 60424, IL
2,102
Population
920
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
93%
High-School Grad
52.7 sq mi
ZIP Area
40
Density / Sq Mi
$81,000
Median Household Income
$48,533
Median Earnings
$1,041
Median Rent
$191,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Converted single property offers three leased apartments: two 2 bed/1 bath units and one 1 bed/1 bath unit.
Where is this triplex located?
The property is located at 107 N Elm Street Gardner, IL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Converted home in Gardner with 3 rentable apartments; Unit mix: two 2 bed, 1 bath apartments and one 1 bed, 1 bath apartment; All apartments are currently leased on yearly basis
