810 Kimberly Dr DeKalb, IL 60115

This exceptional 85-unit apartment complex in DeKalb, Illinois, presents a compelling value-add investment opportunity. Priced at $6,400,000, the property boasts a current NOI of $385,169 and a 6.02% cap rate, with significant upside potential. A pro-forma NOI of $780,695 projects a 12.20% cap rate, reflecting the substantial rental growth potential. The complex comprises three buildings situated at 802, 810, and 820 Kimberly Dr, DeKalb, IL 60115, offering a mix of spacious one, two, and three-bedroom units. Currently fully leased, the property benefits from its strategic location near Northern Illinois University (NIU), the new Meta data center, and the new Kraft Heinz distribution center, ensuring strong tenant demand. On-site management is facilitated by two separate offices within the buildings. Ample parking and well-maintained common areas further enhance the property's appeal. The property's proximity to major highways and public transportation provides convenient access to DeKalb's amenities and employment centers. This turnkey investment offers immediate cash flow and significant potential for rental increases, making it an attractive long-term opportunity in a growing community near Chicago. The price per unit is $75,294.12.