918 Kimberly Dr - Specialty FOR SALE


Dekalb, IL 60115
$650,000 USD
312-607-5405
918 Kimberly Dr, Dekalb, IL for Sale
$650,000 USD
Specialty - FOR SALE
1/16
null | 11.15% Cap Rate

918 Kimberly Dr
Dekalb, IL 60115


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

11.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,238 SF

ZONING

RM

APN/PARCEL ID

08-15-177-002

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.