Listed by Compass, Senior Living News
$3,500,000
Three-Property Student Housing Portfolio
Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
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
Listed by Compass, Senior Living News
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