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32835261
32835262

901, 915 & 927 W. Hillcrest Dr., Dekalb, IL 60115

MC
IL IL 471019141
Citypoint Illinois LLC
PN
IL IL 475190041
Citypoint Illinois LLC
Listed by Citypoint Illinois LLC
$2,150,000
14 days on market
Updated 14 days ago

OFF-Market 22 Unit – Dekalb

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,840
Cap Rate 7.00%
NOI $183,401
Pro-Forma Cap Rate 8.53%
Pro-Forma NOI $207,401

OFF-Market 22 Unit – Dekalb

Marketing description

Presenting an extraordinary investment opportunity in DeKalb, this 22-unit property consisting of 3 meticulously maintained Brick buildings (8 unit, 6 unit & 8 unit each). Exteriors has been well maintained boasting recent window replacements in all buildings within the last 5 years. The roofs are currently in good shape. Furthermore, ALL roofs are slated to replaced in 2024! Interior units are in great shape, spacious & rental ready. 2 of 3 buildings boast INDIVIDUAL WASHER/DRYER sets in each unit (3rd building has 1 set of Laundry in common areas). All buildings run efficiently having separate electric meters & gas meters. 2 of 3 buildings have electric baseboard heating systems with the 3rd building running of gas heated water-baseboards. All units present a valuable opportunity for rent increases and come with more than one parking spot per unit. Notably, the owner has additional buildings for sale in the same area that can be packaged together, expanding the potential for a comprehensive investment portfolio. Explore this lucrative property today and capitalize on the chance to contribute to DeKalb’s thriving community.

Listing Contacts

MC
IL IL 471019141
Citypoint Illinois LLC
PN
IL IL 475190041
Citypoint Illinois LLC
Listed by Citypoint Illinois LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,401.00
$15,283.42/mo

Valuation Metrics

0
DSCR
8.53%
Cap Rate
8.53%
ROI

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Additional Information

Name
Marcin Chojnacki
License
IL 471019141
Name
Phu Nguyen
License
IL 475190041
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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