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32947388
32947410

226 West Locust Street, DeKalb, IL 60115

MC
IL IL 471022000
Cove Realty
Listed by Cove Realty
$216,492
17 days on market
Updated 17 days ago

226 West Locust Street

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 2,198
Units 7
Cap Rate 11.40%
Tenancy Multi
Year Built 1950
Acreage 0.220
Zoning Multi-Family Residential
Ground Lease No

11.4% Cap | 100% Leased | Student Housing.

Marketing description

Exceptional 7-unit Student Housing Investment opportunity located just steps from Northern Illinois University. This is a rare chance to acquire a high-performing, income-producing asset in one of the area’s most consistently in-demand rental markets. Strategically positioned near campus, the property benefits from strong student rental demand, attractive cash flow potential, and long-term investment stability. Whether you are looking to expand your portfolio or secure a turnkey multifamily asset in a proven location, this property presents an outstanding opportunity for both immediate income and future appreciation.

Investment highlights

Exceptional 7-unit Student Housing Investment opportunity located just steps from Northern Illinois University. This is a rare chance to acquire a high-performing, income-producing asset in one of the area’s most consistently in-demand rental markets. Strategically positioned near campus, the property benefits from strong student rental demand, attractive cash flow potential, and long-term investment stability. Whether you are looking to expand your portfolio or secure a turnkey multifamily asset in a proven location, this property presents an outstanding opportunity for both immediate income and future appreciation.

Listing Contacts

MC
IL IL 471022000
Cove Realty
Listed by Cove Realty

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Additional Information

Name
Mitchell Cohen
License
IL 471022000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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