901 Hillcrest Dr DeKalb, IL 60115

This exceptional investment opportunity presents a 22-unit apartment building in DeKalb, IL, comprising three meticulously maintained brick structures (8, 6, and 8 units each). The property boasts recently replaced windows (within the last five years) and roofs in good condition, slated for complete replacement in 2024. Interior units are spacious, rental-ready, and in excellent condition. Two of the three buildings offer individual washer/dryer sets in each unit; the third building features a shared laundry facility. Efficient building operations are ensured by separate electric and gas meters for each building. Heating systems vary: two buildings utilize electric baseboard heating, while the third employs gas-heated water baseboards. Each unit includes more than one parking space. The property offers significant potential for rent increases. The 14,840 square foot property is situated at 901 W Hillcrest Dr, DeKalb, IL 60115, and is offered at $1,950,000 ($131.40/sq ft, $88,636.36/unit). Additional buildings in the same area are available for purchase, presenting an opportunity to expand your investment portfolio. This property is ideally positioned to benefit from DeKalb's thriving community and proximity to Northern Illinois University.