Northwest sideDekalb, IL

For Sale
$4,850,000

60,000 SF Multifamily four building portfolio in dense rental market

Overview

Added:
Jan 17
Days on market:
56
The DeKalb Portfolio located on the Northwest side of town is 1.5 hours West of Chicago. The assets were built from 1995 to 2005. The properties offer the potential buyer the ability to implement a revenue enhancing value-add program on the classic unit interiors. Additionally, the potential buyer may consider targeting DHAP voucher tenants as permitted rental rates are nearly 55% higher than market rate based on demand. Residents enjoy easy access to dense education, entertainment, and retail corridors offering a plethora of grocers, shops, dining, and employment drivers.

901 Regent Drive
885 Regent Drive
915 Spiros Court
858 Spiros Court

Highlights

  • Four building portfolio in dense rental market All four-bedroom units Immediate access to Northern Illinois Campus $1B+ in Investments from Facebook and Ferrara Candy Top 10 employers within 10-mile drive 1 hour from Chicago

Property Details for Northwest side

Property type
Multifamily properties, Residential income homes
Square Feet
60,000 SF
Price / Square Foot
$80.83
Buildings
4
Stories
3
Elevators
N/A
Lot Size (sq. ft)
60,000 SF

Location Insight

City
Dekalb
County
State
Illinois

FAQs

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Northwest side
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