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$842,880
Est. payment /mo
13,170 SqFt
UPDATED:
02/11/2025 11:12 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 13,170 sqft
Price per Sqft $64
MLS Listing ID 12126281
Year Built 1969
Annual Tax Amount $47,574
Tax Year 2023
Lot Size 0.570 Acres
Lot Dimensions 25,143 SF
Property Sub-Type Multi Family 5+
Property Description
INVESTMENT ALERT: DeKalb, IL Fraternity / Student Housing Portfolio 3 BUILDINGS | 9 CAP RATE | VALUE-ADD POTENTIAL | MLS # 12126301 & 12086738 & 12126281 - Invest where the demand NEVER stops! Located in the heart of NIU's famous Greek Row, this 80-room, high-performing student housing portfolio is the ultimate cash-flowing asset with room to expand by an additional 30 rooms! Why this is a HOT investment: High Demand - NIU is the area's largest employer & industry Prime Location - 1 mile from campus, 65 miles west of Chicago Strong Returns - New leases project a 11 CAP rate (2025-30) Turnkey Asset - Fully occupied with long-term tenants Future Growth - Across from an upcoming 16M Greek Life Center (2028) Well-Maintained - Recent upgrades to roofs, windows, mechanicals, and fire safety systems Easy Management - New online tenant portal is being incorporated, local property management company available on standby Opportunities to boost revenue: Expand by 30 more rooms Light-to-moderate amenity upgrades = higher rents This is your chance to own a high-performing, strategically located portfolio in one of the Midwest's strongest student housing markets! DM for details or request the Offering Memorandum NOW!
Location
State IL
County Dekalb
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplaces Number 1
Fireplace Y
Exterior
Utilities Available Water-Municipal, Cable Available
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick,Block
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Listed by Iwona Filipiak • Berkshire Hathaway HomeServices Chicago