Building Details

Year Built 1960

Listing Agency: john greene Real Estate

Listed By: Jon Waldron · License #IL 475165468

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:55PM

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Investment Insights

Based on property information with market context.

This 14-unit apartment building was constructed in 1960 and has received multiple recent improvements, including exterior and interior paint, new landscaping, roof drainage work, parking lot gravel, signage, a concrete entry, and LED lighting. Each apartment is separately sub-metered, all electric, and equipped with baseboard heating and through-the-wall AC. Every unit includes one off-street parking space, with additional street parking available.

The property also includes an updated laundry room with two owned sets of Speed Queen coin-operated machines. A new gas furnace serves the front common area, laundry room, and unfinished basement. The open daylight basement offers approximately 8, or more, rentable storage units along with the potential for four additional studio or efficiency apartments, subject to applicable approvals.

Key Highlights

• 14 multifamily units, each separately sub‑metered
• 1960 construction with numerous recent interior and exterior updates
• One off‑street parking space assigned to each unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Storage Facility Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14

Residential units

Location Intelligence

Trade Area within ½ mile

129

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with updated common areas, dedicated parking, and an unfinished daylight basement.

Where is this apartment building located?

The property is located at 209 Liberty St Gardner, IL.

What are key features of this property?

This property features: 14 multifamily units, each separately sub‑metered; 1960 construction with numerous recent interior and exterior updates; One off‑street parking space assigned to each unit