OFF-Market 22 Unit – Dekalb

901-929 Hillcrest Dr.
  • $1,950,000
  • $88,636
  • / Unit

OFF-Market 22 Unit – Dekalb

901-929 Hillcrest Dr.
Yearly Income $246,840
Yearly Expenses $104,786
Current Rents $246,840
Pro Forma Rents $293,400
  • 52
  • Bedrooms
  • 22
  • Bathrooms
  • 14840
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 22
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • In Unit, Free
  • Laundry
  • 52
  • Bedrooms
  • 22
  • Bathrooms
  • 14840
  • Sq Ft
  • -
  • Year Built
  • 100%
  • Occupancy
  • 52
  • Parking
  • 2
  • Stories
  • Varies
  • Heating System
  • Varies
  • Cooling System
  • In Unit, Free
  • Laundry

About the property

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.

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

901-915-929 Hillcrest - Rent Roll
901-915-929 Hillcrest - 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

Location
Responsibility
Meter number
Usage TTM
Rate
Common Areas
L
-
-
-
Units
T
-
-
-
Source
Landlord Estimate
Notes
Electric Baseboard heat/window A/C
Location
Responsibility
Measured In
Usage TTM
Cost
Common Areas
L
Gallons
-
-
Units
L
Gallons
-
-
Source
Landlord Estimate
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost Per Unit
Common Areas
L
Therms
-
-
Units
T
Therms
-
-
Source
Landlord Estimate
Notes
Landlord pays for Gas Expense for the Laundry Unit
Location
Responsibility
Container Size
Monthly Rate
Common Areas
L
6 Cubic Yards
-
Units
L
6 Cubic Yards
-
Source
Landlord Provided
Notes
Dumpster is currently shared with other buildings of the Owner
Total Yearly Utitlity Cost:  $19,855.00

*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

2023202220212020
Tax Amount$0.00$63,583.44$115,606.23$95,351.49
YOY Tax Change ($)-$63,583.44-$52,022.79+$20,254.74+$9,355.41
YOY Tax Change (%)-100.00%-45.00%+21.24%+10.88%
Current Assessed Value$623,022
Source - Public Record

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

Assessed - Land$82,056
Assessed - Improved$540,966
Source - Public Record

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

Walkscore

Nearby

Arts & Entertainment
University Plaza Apartments (0.47 mi)
Average 36 reviews
Northern Illinois University (0.84 mi)
Average 35 reviews
Aunt Sassy's Quilts (1.03 mi)
Good 3 reviews
Education
Dekalb High School (0.79 mi)
Good 1 reviews
Barsema Alumni & Visitors Center (0.83 mi)
Exceptional 1 reviews
Northern Illinois University (0.84 mi)
Average 35 reviews
Food
Tequila Road House (0.21 mi)
0 reviews
Burritoville (0.22 mi)
Average 91 reviews
7-Eleven (0.24 mi)
Fair 10 reviews
Health & Medical
Psychological Services Center Niu (0.52 mi)
Poor 2 reviews
Campus Recreation Center (0.74 mi)
Good 4 reviews
Heritage Woods of DeKalb (0.84 mi)
Good 2 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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