Description
INVESTMENT ALERT: DeKalb, IL Fraternity / Student Housing Portfolio 3 BUILDINGS | 9 CAP RATE | VALUE-ADD POTENTIAL | MLS # 12126301 & 12086738 & 12126281 - Invest where the demand NEVER stops! Located in the heart of NIU's famous Greek Row, this 80-room, high-performing student housing portfolio is the ultimate cash-flowing asset with room to expand by an additional 30 rooms! Why this is a HOT investment: High Demand - NIU is the area's largest employer & industry Prime Location - 1 mile from campus, 65 miles west of Chicago Strong Returns - New leases project a 11 CAP rate (2025-30) Turnkey Asset - Fully occupied with long-term tenants Future Growth - Across from an upcoming 16M Greek Life Center (2028) Well-Maintained - Recent upgrades to roofs, windows, mechanicals, and fire safety systems Easy Management - New online tenant portal is being incorporated, local property management company available on standby Opportunities to boost revenue: Expand by 30 more rooms Light-to-moderate amenity upgrades = higher rents This is your chance to own a high-performing, strategically located portfolio in one of the Midwest's strongest student housing markets! 918 Kimberly Dr. is currently being remodeled with new student tenants starting Summer 2025. DM for details or request the Offering Memorandum NOW!
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School Ratings & Info
Description
INVESTMENT ALERT: DeKalb, IL Fraternity / Student Housing Portfolio 3 BUILDINGS | 9 CAP RATE | VALUE-ADD POTENTIAL | MLS # 12126301 & 12086738 & 12126281 - Invest where the demand NEVER stops! Located in the heart of NIU's famous Greek Row, this 80-room, high-performing student housing portfolio is the ultimate cash-flowing asset with room to expand by an additional 30 rooms! Why this is a HOT investment: High Demand - NIU is the area's largest employer & industry Prime Location - 1 mile from campus, 65 miles west of Chicago Strong Returns - New leases project a 11 CAP rate (2025-30) Turnkey Asset - Fully occupied with long-term tenants Future Growth - Across from an upcoming 16M Greek Life Center (2028) Well-Maintained - Recent upgrades to roofs, windows, mechanicals, and fire safety systems Easy Management - New online tenant portal is being incorporated, local property management company available on standby Opportunities to boost revenue: Expand by 30 more rooms Light-to-moderate amenity upgrades = higher rents This is your chance to own a high-performing, strategically located portfolio in one of the Midwest's strongest student housing markets! 918 Kimberly Dr. is currently being remodeled with new student tenants starting Summer 2025. DM for details or request the Offering Memorandum NOW!
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