918 Kimberly Dr offers a unique opportunity to acquire a sorority-leased property in the highly sought-after NIU Greek housing market, where supply remains limited and demand continues to grow.
This 2-story masonry building with an English basement features approximately 20 rooms and is configured to support sorority operations, including communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen.
The property is secured under a net lease with a new sorority tenant commencing Fall 2025, positioning the asset for stabilization and future income growth. Recent improvements include a new roof (2024), fire suppression system, and security systems, minimizing near-term capital needs.
The site also includes a 16-car parking lot, providing added convenience for residents and strengthening leasing appeal.