126 South Main Street, Galena, IL
Units: 18 Residential Rental, 1 Commercial
$1.8 Million Investment
GROWTH acquired and closed on Coatsworth Apartments, a senior housing development located in the heart of Galena's Main Street.
The project includes property updates to eighteen (18) residential units that include energy improvements in the HVAC, updated flooring, community room and courtyard area.
GROWTH will enhance and improve the property for the long term and to maintain affordability for its residents.
GROWTH also intends to maintain its existing long term commercial tenant, and build a relationship and partnership with Senior Resource Center to provide services and resources for current residents.
Construction is underway with completed anticipated in September 2018.
Above: Rear of Coatsworth Apartments and courtyard. GROWTH intends to improve this area as pat of its rehab.
Interesting Fact: Coatsworth Apartments is located in the old Grant Family tannery, owned by the father of U.S. President Ulysses S. Grant, the 18th President of the United States, who worked there for a short time.