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1020 Hillcrest Drive, DeKalb, IL, 60115

  • - Beds
  • - Baths
  • - Sq. Ft.

$1,150,000

Year: 1969

Description

BREAKING: High-Value Commercial Investment Opportunity! Greek Life Flagship Fraternity House - a 30-room cash-flowing asset just 1 mile from Northern Illinois University (NIU), the region's largest employer! Fully leased with long-term tenants, 7 CAP, and professional management in place. PASSIVE INCOME ALERT: Own a piece of Greek Row's most coveted property - and with three more buildings available (20-80 rooms for total of 110 rooms), you can dominate the student housing market! Why This is a Game-Changer: High-demand Greek Life housing - prime for consistent rent increases! Long-term tenant stability - same fraternity for 17 years, with a new 6-year lease! Low-maintenance - professional management included! Massive upside potential - nearby 16M Greek Life Center approved & coming by 2028! Located 65 miles from Chicago & 38 miles from Naperville - excellent connectivity! This is your shot to OWN a flagship, high-yield, fully occupied investment! DM me for the offering memorandum and let's lock in your next big commercial real estate win!

Overview

  • - Beds
  • - Bathrooms
  • 0 Bath (Full)
  • 0 Bath (Half)
  • - Sq. Ft.
  • 0 Rooms

Other Details

  • Property Type: Multi Family 5+
  • Neighborhood: De Kalb
  • Year Built: 1969
  • Basement Description: Finished,Exterior Access,Concrete Block
  • Days On Market: 196
  • Outdoor Parking: 19-30 Spaces,Parking On-Site


HOA & Taxes

  • HOA Fee: 0.00
  • Tax annual amount: 18958.00
  • Tax year: 2023
  • Exemptions:
  • Association Fee Includes:

Location

Electric Details
  • Circuit Breakers
  • Service - 201 to 600 Amps
Heating & Cooling Details
  • Window Unit(s)
Utilities Details
  • Water-Municipal
  • Cable Available
Roof Details
  • Composition
Exterior Features
  • Lot Size: 60X16X149X59X148X146X86
  • Ownership:-
  • Built before: 1969
  • Age: -
  • Exterior: Block

Unit Types Details

Unit 1 Details
  • UnitType: Unit 1
  • Total Rooms: 30
  • Total Baths: 3
  • Total Full Baths: 3
  • Monthly Income: $340
  • Monthly Income Max: $340
Unit 2 Details
  • UnitType: Unit 2
Unit 3 Details
  • UnitType: Unit 3
Unit 4 Details
  • UnitType: Unit 4
Unit 5 Details
  • UnitType: Unit 5
Unit 6 Details
  • UnitType: Unit 6
Unit 7 Details
  • UnitType: Unit 7

Room Details

School Details

Elementary School
  • Name: -
  • District: -
Middle Or Junior School
  • Name: -
  • District: -
High School
  • Name: -
  • District: -

Contact Agent

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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