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