928 Hillcrest Dr DeKalb, IL 60115

This exceptional investment opportunity presents a three-story, 15,106 square foot apartment building situated on a 0.76-acre lot in DeKalb, Illinois. Built in 1969, this property boasts 30 parking spaces and is zoned PD-R. The building, consisting of one unit, is ideally located within one mile of Northern Illinois University, in the heart of Greek Row, ensuring high demand and occupancy. Recent upgrades include newer roofs, windows, mechanical systems, fire panels, and sprinkler systems. The property is annually inspected and approved for occupancy. While currently 100% leased, there's potential for value enhancement through light to moderate interior and amenity upgrades. The property benefits from its proximity to public transportation and enjoys a strategic location across from a planned $16 million Greek Life Center (projected completion 2028). The asking price is $966,784, representing a price per square foot of $64. This presents a strong investment opportunity in a thriving student housing market, with projected increases in capitalization rates. The property's location and recent improvements make it an attractive investment with potential for future growth. The property includes various communal areas such as study, dining, conference, TV, workout, and recreation rooms. The APN is 0815178002.