1020 W Hillcrest Dr - Specialty FOR SALE


Dekalb, IL 60115
$1,250,000 USD
312-607-5405
1020 W Hillcrest Dr, Dekalb, IL for Sale
$1,250,000 USD
Specialty - FOR SALE
1/28
null | 9.6% Cap Rate

1020 W Hillcrest Dr
Dekalb, IL 60115


OVERVIEW

Corporate Net-Leased Fraternity Asset | 6+ Years Remaining | 17-Year Occupancy History 1020 W Hillcrest represents the premier asset within NIU’s Greek Row, offering a true passive investment backed by a nationally affiliated fraternity under a corporate-supported net lease. The property is 100% occupied with approximately six years remaining on the lease (through May 2030) and a proven 17+ year operating history with the same tenant, delivering exceptional income stability. The building includes approximately 30 rooms and extensive communal infrastructure, including chapter rooms, study areas, dining facilities, recreation spaces, and a commercial kitchen—fully supporting fraternity operations. Recent improvements include fire suppression systems and security upgrades, ensuring compliance with current safety standards. Additional features include a large outdoor deck and 22-car parking lot, enhancing tenant satisfaction and long-term retention. Located within walking distance to NIU and near the future $16M Greek Life Center, this asset is positioned to benefit from continued institutional investment and sustained demand.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RM

APN/PARCEL ID

08-15-178-001

ASK ABOUT THIS PROPERTY

Ariel MariniBerkshire HathawayMore Info
312-607-5405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ariel MariniBerkshire HathawayMore Info
312-607-5405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.