Student Housing - NIU Specialty FOR SALE


Dekalb, IL
$3,900,000 USD
312-607-5405
, Dekalb, IL for Sale
$3,900,000 USD
Specialty - FOR SALE
1/56
null | 12% Cap Rate

Student Housing - NIU
Dekalb, IL


HIGHLIGHTS

  • 4 Buildings positioned 1 mile from NIU 110 rooms . 6.26 % CAP Rate 110 rooms, 4 well-maintained buildings Long-term tenants in the heart of Greek Row
  • Recent upgrades: Newer roofs, windows, mechanicals, fire panels, sprinklers. Turnkey investment – local management company on standby!

OVERVIEW

Student Housing Portfolio – Fraternity Tenants & Investment Building Northern Illinois University - Dekalb, Illinois 4 Buildings positioned 1 mile from NIU 110 rooms . 6.26 % CAP Rate 4 well-maintained buildings Mansonry Buildings Long-term tenants in the heart of Greek Row High-demand student housing market with strong rental growth Proximity to $16M Greek Life Center (approved by City Council, est. 2028 completion) Recent upgrades: Newer roofs, windows, mechanicals, fire panels, sprinklers ?? Turnkey investment – local management company on standby! Value-Add Potential 928 W Hillcrest Dr, DeKalb, IL 60115 Sigma Alpha Epsilon Fraternity Lease Net Guaranty . 100%occupancy. 1969 Built - 3 Story Mansory Block Building New Fire Suppression Systems, All Inspection Approved Security Camera Systems 30 Rooms, 2 Communal Baths Plus 2 x 1/2 Bath Additional 1 Room with Full Bath on Main Level Study, Dining, Conference/ Meeting Room Commercial Kitchen, Additional Sublevel Rec. Room Deck New 2024 refurbished boiler 32 cars Parking Lot NOI $68,267 910 W Hillcrest Dr, DeKalb, IL 60115 Phi Kappa Theta Fraternity Lease Net Guaranty . 100%occupancy. Long term Resident (20 plus years). 1966 Built - 2 Story Mansory Block Building w/ English Basement & sand volleyball court New Fire Suppression Systems. Security Camera Systems 30 Rooms, 2 Communal Bathrooms Plus ½ Bath Study, Dining, Workout, TV Rooms , Meeting / Chapter Rooms Commercial Kitchen, Main Level Rec. Room Deck. Sand Volleyball Court New 2024 tear off roof, 32 cars Parking Lot NOI $63,033 918 Kimberly Dr, DeKalb, IL 60115 Lease Net Guaranty . 100%occupancy. Long term Resident (5 plus years). 1966 Built - 2 Story Mansonry Building w/ English Basement New Roof 2024 New Fire Suppression Systems. Security Camera Systems 20 Rooms, 2 Communal Bathrooms Plus ½ Bath . Full Bath Lower Level. Study, Dining, Meeting / Chapter Rooms Commercial Kitchen, Second Level Rec. Room 16 cars Parking Lot NOI $47,800 1020 W Hillcrest Dr DeKalb, Illinois 60115 30 Rooms, 3 full baths, commercial kitchen, and various communal areas including meeting, study, dining, meeting / Chapter Room, TV, workout, and recreation rooms. Great outdoor area with spacious deck and 22 parking spaces Flagship Greek Life Fraternity House Same National Tenant in Place for the last 17 Years Lease Net Guaranty . 100%occupancy. 6 More Years on the Corporate Backed Lease until May 31, 2030. New Fire Suppression Systems Security Camera Systems NOI $65,058

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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.