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 $1,221,060
Yearly Expenses $466,577
Current Rents $1,221,060
Pro Forma Rents $1,446,600
  • 246
  • Bedrooms
  • 105
  • Bathrooms
  • -
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 130
  • 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. The condition of all units are similar and consistent with photos listed. 97 of 105 units have individual laundry units. 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.

Municipality - Investor Guide

Dekalb
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: N/ACost: -Required: NoRequired: NO
Seller: N/ACost: -Cost: $0Cost: $0
Notes
Final water read needs to be ordered and balance paid prior to closing.

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

Rent_Roll_
Expenses_&_UT_
PCR
Sales Comps
Rental Comps
Market Report

Property Financials

View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.

Property Current

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Year 2 Pro Forma

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Debt Service

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Mortgage Calculator

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  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Monthly Property Tax
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Utility Table

Location
Responsibility
Meter number
Usage TTM
Rate
Common Areas
L
-
-
-
Units
T
-
-
-
Source
Landlord Estimate
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost
Common Areas
L
Gallons
-
-
Units
L
Gallons
-
-
Source
Landlord Estimate
Notes
-
Location
Responsibility
Container Size
Monthly Rate
Common Areas
L
2 Cubic Yards
-
Units
L
2 Cubic Yards
-
Source
Landlord Provided
Notes
-
Total Yearly Utitlity Cost:  $78,653.00

*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.

Property Taxes

Currently No Tax data found for this property. Please Check back later.

Walkscore

Nearby

Arts & Entertainment
University Plaza Apartments (0.71 mi)
Average 36 reviews
Northern Illinois University (0.86 mi)
Average 35 reviews
Aunt Sassy's Quilts (1.18 mi)
Good 3 reviews
Education
Northern Illinois University (0.86 mi)
Average 35 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)
Fair 5 reviews
Jimmy John's (0.37 mi)
Average 26 reviews
Health & Medical
Campus Recreation Center (0.7 mi)
Good 4 reviews
Northern Illinois University (0.86 mi)
Average 35 reviews
Heritage Woods of DeKalb (0.9 mi)
Fair 1 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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