209 Liberty St
Gardner, IL 60424

Built in 1960, this updated 14 unit, low maintenance brick & block building features a new 'Duro-Last' TPO roof in 2016 with 15 yr. warranty. Front entry also has new steel roof. Many new updates inside and out to include: new landscaping and roof drainage, parking lot gravel and signage, new exterior paint, new concrete entry, interior paint, LED lighting and more. Updated laundry room features two new owned sets of Speed Queen coin operated laundry machines. Sub-metered, all electric units with baseboard heat and thru-the wall a/c units. New gas furnace supplies heat to front common area, unfinished basement and laundry room . The wide open and unfinished daylight basement has opportunity to add four new studio/efficiency units plus 8 or more rentable storage units producing approximately $25,000 of additional NOI. Each unit has 1 assigned off street parking space and plenty of free on street parking. Easy access to I-55 allows tenants to commute anywhere in Chicagoland. Very quiet and solid building, simple to maintain and manage. Easy to rent with in-place tenants being thoroughly screened and on 12+ month leases. This safe and affordable building always has plenty of demand from qualified tenants which offers a new owner opportunity to increase rents and continue to add value. 7 of the 14 units are currently under market rents. Great return on investment opportunity!