809 Kimberly DrDeKalb, IL 60115

Property Details for 809 Kimberly Dr

Lot size

0.41 AC

Property type

Commercial real estate

APN

08-15-176-020

APU

815176020

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,720,957

  Hospitality

  $3,408,376

  Educational

  $2,835,729

  Medical

  $2,933,254

  Retail

  $4,411,134

Location Insight

City

Dekalb

County

Dekalb

State

Illinois

Latitude

41.9464

Longitude

-88.7665

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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