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19559207
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1020 W Hillcrest Drive, DeKalb, IL 60115

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AM
Ariel Marini PRO
IL 475151565, IL
Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
$1,250,000
671 days on market
Updated 131 days ago

1020 - 30 Rooms Student Housing NIU

Details
APN 0815178001
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Square Footage 14,700
Net Rentable (SqFt) 14,700
Units 30
Beds 30
Cap Rate 6.8%
NOI $85,000
Occupancy 100%
Class C
Year Built 1969
Year Renovated 2014-2020
Buildings 1
Stories 3
Lot Size (SqFt) 28,314
Zoning PD-R
Parking Spaces 22 spaces
Parking Per SqFt 1.50
Investment Type Stabilized
Occupancy Date 03/18/2008
Ground Lease No
Ownership LLC

30-Room Fraternity House | $1.35 M | 6+ Years National Tenant Lease

Marketing description

Well-maintained Greek Life student housing property located in the heart of DeKalb's established Greek Row, just minutes from Northern Illinois University. This flagship fraternity residence offers approximately 30 rooms, three full bathrooms, and a commercial-grade kitchen designed to support long-term institutional occupancy. The building includes extensive communal and operational spaces, including meeting and chapter rooms, study and dining areas, TV lounge, workout facilities, and recreation rooms. Exterior amenities feature a large deck, outdoor common areas, and approximately 22 on-site parking spaces. The property is fully occupied by a nationally affiliated fraternity that has maintained continuous occupancy for approximately 17 years. The lease is supported by a corporate-backed guaranty extending through May 31, 2030. Recent capital improvements include a new fire suppression system and security camera system. This is a stable, income-producing asset located in a high-demand student housing submarket with strong barriers to entry and long-term institutional support from Northern Illinois University.

Investment highlights

🚀 INVESTORS, THIS IS YOUR GOLDEN TICKET! 🚀

🔥 Greek Life Flagship Fraternity House – A Once-in-a-Lifetime Commercial Investment! 🔥

🏛️ Own the Anchor of NIU’s Greek Row! 🏛️
📍 DeKalb, IL | 🔥 6.3% CAP Rate | 7.78% CAP Projection

This 30-room, fully leased fraternity house sits in prime Greek Row at Northern Illinois University, delivering stable, long-term returns with NN lease in place until 2030. Want to scale? 80 more rooms across 3 additional buildings are available!

Why This Market? 📈
🏡 3.2% YOY rent growth (Yardi Matrix)
💼 Explosive economic development – Meta, Kraft Heinz, & 3M are investing big!
🏗️ Downtown DeKalb is vibrant – new developments & friendly community!

Visit City of DeKalb, IL website for New Greek Life Center renderings: https://www.cityofdekalb.com/DocumentCenter/View/17381/12-GLC-Consideration

🚨 This is NOT just an investment—it’s a powerhouse income stream in a steady student housing markets in the Midwest! 🚨

💰 Ready to claim your spot in high-performing commercial real estate? DM me NOW! 📩

#iwonacommercialrealestate #iwonafilipiak #iwonarealestatestrategist #commercialinvestment #investmentproperty #hotpropertymarket #hotmarket #Location #locationlocationlocation #commercialrealestate #greeklifehousing #studenthousing #cashflow #multifamilyinvesting

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Listing Contacts

AM
Ariel Marini PRO
IL 475151565, IL
Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$85,000.00
$7,083.33/mo

Valuation Metrics

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DSCR
6.8%
Cap Rate
6.8%
ROI

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Additional Information

Name
Ariel Marini
License
475151565
Brokerage Address
980 North Michigan Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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  1. For Sale
  2. Multifamily
  3. IL
  4. DeKalb
  5. 1020 - 30 Rooms Student Housing NIU
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