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27995986
27995985

2 Locations

Compass
HT
Senior Living News
Listed by Compass, Senior Living News
$3,500,000
221 days on market
Updated 32 days ago
Opportunity zone

Three-Property Student Housing Portfolio

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+2)
Units 10
Year Built 2000 ; 1990-1991
Buildings 3
Acreage 1.470
Zoning Residential Condominium ; Residential – Rooming House Use
Parking Spaces 68 spaces

Multifamily | 10 Units

Marketing description

For Sale

Investment highlights

  • Campus Edge Residences Portfolio represents a compelling turnkey student housing investment opportunity serving Northern Illinois University (NIU) in DeKalb, Illinois. This three-building, 20-unit portfolio is strategically located within walking distance of campus and benefits from strong NIU enrollment momentum, including a 22% increase in new freshmen and 4.3% overall enrollment growth in Fall 2025
  • Strong enrollment trends supporting housing demand[ 46][^48] 45][
  • Three income-producing properties with established tenant base
  • Diversified product mix: townhomes and rooming house
  • Proximity to NIU campus – walkable locations
  • Institutional-quality tenant: Alpha Phi sorority at Annie Glidden property [1] [2]
  • Value-add potential through operational improvements and rent optimization
  • Stable cash flow from established student housing market

1121 W. Hillcrest Drive – Townhomes (Buildings 1 & 2)

  • Each unit: 4BR / 2.5BA townhome
  • Finished basement in each unit
  • Multi-level living with modern updates
  • Forced warm air/central air (FWAC) heating/cooling[3]
  • Ideal for student group living (4-5 students per unit)

1115 N. Annie Glidden Road – Rooming House

  • Large-scale rooming house ideal for Greek organizations or group student housing
  • 29 bedrooms / 17 bathrooms across three floors [4] [2]
  • Institutional-quality tenant (Alpha Phi)
  • Ample parking on 1.47-acre site[2]
  • Prime location on N. Annie Glidden Rd., major campus access corridor

Listing Contacts

Compass
HT
Senior Living News
Listed by Compass, Senior Living News

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