Dekalb, IL 60115,918 Kimberly DR
Dekalb, IL 60115,918 Kimberly DR
Dekalb, IL 60115,918 Kimberly DR
Dekalb, IL 60115,918 Kimberly DR
Dekalb, IL 60115,918 Kimberly DR
Dekalb, IL 60115,918 Kimberly DR
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$ 595,200
Est. payment | /mo

9,300 SqFt


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$ 595,200
Est. payment | /mo
Save

9,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 9,300 sqft

Price per Sqft $64

MLS Listing ID 12126301

Maintenance Fees $12,993

Year Built 1969

Annual Tax Amount $47,574

Tax Year 2023

Lot Size 0.280 Acres

Lot Dimensions 12,226 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! 918 Kimberly Dr. is currently being remodeled with new student tenants starting Summer 2025. DM for details or request the Offering Memorandum NOW!

Location

State IL

County Dekalb

Area De Kalb

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplaces Number 1

Fireplace Y

Exterior

Utilities Available Water-Municipal, Cable Available

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Iwona Filipiak • Berkshire Hathaway HomeServices Chicago

GET MORE INFORMATION

agent
Joseph DeFrancesco

Partner | Senior Broker

+1(630) 702-9782 | team@dappercrown.com

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918 Kimberly DR