910 W Hillcrest Dr - Specialty FOR SALE


Dekalb, IL 60115
$850,000 USD
312-607-5405
910 W Hillcrest Dr, Dekalb, IL for Sale
$850,000 USD
Specialty - FOR SALE
1/12
null | 8.49% Cap Rate

910 W Hillcrest Dr
Dekalb, IL 60115


OVERVIEW

Located in the heart of NIU’s Greek Row, 910 W Hillcrest presents a proven, long-term fraternity investment with over 20 years of continuous occupancy by Phi Kappa Theta—highlighting exceptional tenant stability and demand. This 2-story masonry building with an English basement includes approximately 30 rooms, multiple communal bathrooms, chapter and meeting rooms, study spaces, and a commercial kitchen. The layout is specifically designed to support fraternity operations and long-term tenancy. The property will be leased under a net lease structure with 100% occupancy beginning 2025, providing consistent income with limited management responsibilities. Recent upgrades include a new tear-off roof (2024), fire suppression systems, and security cameras, ensuring compliance and operational efficiency. Outdoor features such as a sand volleyball court, recreation areas, and a 32-car parking lot enhance tenant retention and overall asset desirability.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

8.49%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

RM

APN/PARCEL ID

08-15-178-004

ASK ABOUT THIS PROPERTY

Ariel MariniBerkshire HathawayMore Info
312-607-5405

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Ariel MariniBerkshire HathawayMore Info
312-607-5405

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