This exceptional 7,464 square foot ranch-style rooming house presents a remarkable investment opportunity, ideally situated near Northern Illinois University's campus. The property boasts a 2-bedroom, 1-bathroom apartment and 20 additional bedrooms, providing ample student housing. Residents enjoy a spacious living room, dining room, and kitchen, complemented by a back porch/deck. The main bathroom features five stalls, four shower stalls, and four sinks, with two additional half-baths for convenience. Ample on-site parking is available. Significant recent upgrades enhance the property's appeal, including a newly insulated attic, a sprinkler system, and a 16-camera security system with fire alarm monitoring. Further improvements encompass a new roof, new flooring in most common areas and bedrooms, fresh paint throughout, three new furnaces, two new forced-air air conditioners, new gutters and fascia boards, three new tankless water heaters, and a remodeled main bathroom. New appliances include a coin-operated stacked washer and dryer, refrigerator, and freezer, along with two dishwashers, two refrigerators, two stoves, and two coin-operated washing machines and dryers in the well-equipped kitchen. Building-wide Wi-Fi is provided. The property's prime location features a bus stop directly in front and a backyard bordering a park. Low annual property taxes of $9,015.80 (2022, payable 2023) contribute to its attractiveness. The property undergoes annual fire marshal inspections, consistently receiving positive feedback, with the next inspection scheduled for August 2024. This property offers a unique blend of comfort and convenience for students, making it an exceptional investment opportunity. The 0.66-acre lot provides ample space.
Commercial real estate - Exceptional 7,464 sq ft rooming house near NIU.
Where is the commercial real estate located?
The property is located at 908 Greenbrier Rd DeKalb, IL.
What is the asking price?
The asking price for this property is $750,000.
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Greenbrier Rd DeKalb, IL 60115
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