1100 Lincoln Hwy DeKalb, IL 60115

This exceptional multifamily investment opportunity presents a portfolio of ten buildings comprising 403 units in DeKalb, Illinois. Located on approximately 14.89 acres at 1100 W Lincoln Hwy, 60115, this Class C portfolio offers a compelling value-add proposition. The property boasts a current NOI of $2,463,367 and a pro-forma NOI of $3,264,337, translating to a current cap rate of 6.24% and a pro-forma cap rate of 8.26%. The asking price is $39,500,000, representing a price per unit of $98,014.89 and a price per square foot of $100.87. Built between 1963 and 2010, the portfolio underwent renovations in 2024, including partial to full rehabs of all buildings and updated common areas. The portfolio currently enjoys a 95% occupancy rate, projected to reach full occupancy by October 1, 2024. The mix of studio, one-, two-, three-, and four-bedroom units caters to a diverse tenant base. Its strategic location near Northern Illinois University, Interstate 88, and Route 38, coupled with proximity to major employers like Target, Amazon, Kraft Heinz Co., and Meta, ensures strong rental demand and future growth potential. Building amenities include building-dependent laundry facilities and a fitness center. This turnkey asset offers significant value-add potential through rent maximization and additional revenue streams.