OFF-Market 21 Unit – Dekalb

819-837 Hillcrest Dr.
  • $1,820,000
  • $87,000
  • / Unit

OFF-Market 21 Unit – Dekalb

819-837 Hillcrest Dr.
Yearly Income $226,500
Yearly Expenses $93,420
Current Rents $226,500
Pro Forma Rents $270,300
  • 38
  • Bedrooms
  • 21
  • Bathrooms
  • 14700
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 21
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • In Unit, Free
  • Laundry
  • 38
  • Bedrooms
  • 21
  • Bathrooms
  • 14700
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 38
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • In Unit, Free
  • Laundry

About the property

Presenting an extraordinary investment opportunity in DeKalb, this 21-unit property consisting of 3 meticulously maintained Brick buildings (6 unit, 7 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. All buildings boast INDIVIDUAL WASHER/DRYER sets in each unit. All buildings run efficiently having separate electric meters & gas meters (Tenants pay for All Unit utilities except water). 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 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.

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_
PCR
Sales-Comps
Rental-Comps
Market-Report

Property Financials

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Year 2 Pro Forma

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Mortgage Calculator

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Utility Table

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Responsibility
Meter number
Usage TTM
Rate
Common Areas
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-
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-
Units
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-
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Landlord Estimate
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Location
Responsibility
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Cost Per Unit
Common Areas
L
Therms
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Units
T
Therms
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Landlord Estimate
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Location
Responsibility
Container Size
Monthly Rate
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6 Cubic Yards
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Units
L
6 Cubic Yards
-
Source
Landlord Provided
Notes
Dumpster is currently shared with other buildings of the Owner
Total Yearly Utitlity Cost:  $7,059.00

*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

2022202120202019
Tax Amount$37,092.02$38,248.44$39,132.24$38,382.88
YOY Tax Change ($)-$1,156.42-$883.80+$749.36+$3,469.94
YOY Tax Change (%)-3.02%-2.26%+1.95%+9.94%
Current Assessed Value$361,343
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Assessed - Land$68,385
Assessed - Improved$292,958
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Walkscore

Nearby

Arts & Entertainment
Charter Fitness (0.14 mi)
Average 13 reviews
Pro Nails Of Il (0.17 mi)
Average 25 reviews
Blumen Gardens (0.43 mi)
Exceptional 43 reviews
Education
Green Light Driving School (0.36 mi)
Exceptional 1 reviews
Prairie Creek (0.82 mi)
Exceptional 2 reviews
Cornerstone Christian Academy (1.01 mi)
Good 1 reviews
Food
Family Health Center (0.17 mi)
Good 2 reviews
Jimmy John's (0.15 mi)
Fair 20 reviews
Pizza Hut (0.16 mi)
Average 7 reviews
Health & Medical
Charter Fitness (0.14 mi)
Average 13 reviews
Family Health Center (0.17 mi)
Good 2 reviews
Pro Nails Of Il (0.17 mi)
Average 25 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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