809 Kimberly Dr DeKalb, IL 60115

This exceptional investment opportunity presents two meticulously maintained, two-story brick apartment buildings in DeKalb, IL. Located at 809 & 823 Kimberly Dr., this 24-unit property boasts 17,260 square feet and offers a compelling price per unit of $90,625. Recent improvements include window replacements (within the last 5 years) and the roofs are in good condition, slated for replacement in 2024. Each of the 24 units features its own washer/dryer and separate electric meter, contributing to efficient operation. Electric baseboard heating and window unit air conditioning are standard. The property provides ample parking with more than one spot per unit. The spacious units are in excellent condition and ready for immediate rental. This property offers significant potential for rent increases. Additional buildings in the same area are available for purchase, presenting an opportunity to expand the investment portfolio. Situated in DeKalb, Illinois, this property benefits from the city's strong economy, proximity to Northern Illinois University, and vibrant community. The location offers easy access to amenities, dining, shopping, and recreational activities. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable location. The asking price is $2,175,000, translating to $126.01 per square foot.