Off-Market 105 Unit Portfolio

808-929 Hillcrest Dr. Dekalb IL 60115
  • $9,500,000
  • $90,476
  • / Unit

Off-Market 105 Unit Portfolio

808-929 Hillcrest Dr. Dekalb IL 60115
Yearly Income $1,162,560
Yearly Expenses $468,729
Current Rents $1,162,560
Pro Forma Rents $1,446,600
  • 246
  • Bedrooms
  • 105
  • Bathrooms
  • -
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 246
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • Common, Paid
  • Laundry
  • 246
  • Bedrooms
  • 105
  • Bathrooms
  • -
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 246
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • Common, Paid
  • Laundry

About the property

Spread across two city blocks and encompassing 14 individual buildings, this remarkable property comprises a total of 105 units. Centrally located in DeKalb, it seamlessly fuses historic charm with modern convenience. Notably, its close proximity to Northern Illinois University establishes a steady demand for rentals, making this a prime investment prospect. Moreover, with current rents below market standards, the property presents a promising value-add opportunity. By strategically renovating and enhancing units, there exists the potential to raise rents while providing residents with updated living spaces. This blend of historical ambiance, convenient urban living, and the prospect of maximizing returns makes this investment an intriguing choice for those seeking both financial growth and the chance to contribute to DeKalb’s thriving community.

About the neighbourhood

  • Embrace the epitome of modern living in DeKalb, Illinois, where small-town charm meets contemporary convenience. Positioned for excellence, this 105-unit property rests at the heart of a city enriched by its history, propelled by its educational prominence as home to Northern Illinois University, and embraced by a close-knit community that thrives on cultural events and recreational pursuits. Seamless connectivity, a tapestry of local amenities including diverse dining and shopping options, and the allure of nearby natural wonders make this property an irresistible investment. With a finger on the pulse of DeKalb's economic stability, educational magnetism, and vibrant spirit, seize the opportunity to partake in both a flourishing real estate endeavor and the essence of a dynamic Midwestern lifestyle.

Property Documents

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Market Report

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Walkscore

Nearby

Arts & Entertainment
University Plaza (0.71 mi)
Average 36 reviews
Northern Illinois University (0.86 mi)
Good 34 reviews
Aunt Sassy's Quilts (1.18 mi)
Good 3 reviews
Education
Northern Illinois University (0.86 mi)
Good 34 reviews
Barsema Alumni & Visitors Center (0.86 mi)
Exceptional 1 reviews
Dekalb High School (1.29 mi)
Good 1 reviews
Food
Casey's (0.34 mi)
Fair 4 reviews
Jerk Fuzion Bar & Grill (0.36 mi)
Average 5 reviews
Jimmy John's (0.37 mi)
Average 27 reviews
Health & Medical
Northern Illinois University (0.86 mi)
Good 34 reviews
Greater Family Health (0.89 mi)
Poor 1 reviews
Psychological Services Center Niu (0.89 mi)
Poor 2 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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Phu Nguyen
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Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

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