Available For Sale - Multifamily

9,240 SF | Show Pricing $

LISTED BY

Randolph Taylor MBA CCIM
eXp Commercial, 640-474-6441

AVAILABILITY DETAILS

Size
9,240 SF
Price/SF
Show Pricing $
Listing ID
SA535921
Notes
eXp Commercial is pleased to present to the market 924 Greenbrier, a fully occupied 24-unit multifamily property in DeKalb, IL, just north of Northern Illinois University and approximately sixty-five miles west of Chicago. The building, which the City of DeKalb has designated as a rooming house, has 24 one-room units—twelve on each floor—along with a 3-stall, 3-shower community bathroom on each level and a half bathroom on the first floor. It includes communal living and eating areas, a commercial kitchen that meets code requirements, and a dining area.



Fully licensed through August 2024 with no outstanding building code violations, this property has significant upside potential after its recent transition from student housing to affordable, all-inclusive market-rate rentals. Constructed with brick and block flexicore, this two-story building has a gabled, shingled roof, replaced about ten years ago, and a newly installed, efficient gas-powered radiant floor heating system as of February 2024.



Fully equipped with sprinklers, it offers excellent sound insulation between units and floors, in addition to reduced insurance rates. The property as well as a professionally installed monitored fire alarm system. The parking lot is in good condition, having been recently patched, slurry coated, and re-striped, with numbered assigned parking spaces.



Ideally located just north of Northern Illinois University, it benefits from the rental demand of both students and local residents. DeKalb's economic drivers, including Northwestern Medicine, General Electric, Monsanto, 3M, Nestlé, and Ferrara Candy Company, along with its status as a satellite city to Chicago, make it a solid investment.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Randolph Taylor MBA CCIM, eXp Commercial
BRE# ​475.142701