Greek Life Student Housing
For Sale
$1,250,000
1020 W Hillcrest Drive, Dekalb, IL 60115
Fully occupied fraternity residence with communal, dining, study, recreation, and operational areas.
Property SizeContact for details
Days on Market219
Property Features for 1020 W Hillcrest Drive
General Information
Standard status
Active
Total Parking Spaces
22
Property subtype
Commercial
Occupancy
100%
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$18,417
Amenities
commercial-grade kitchen
meeting and chapter rooms
study and dining areas
TV lounge
workout facilities
recreation rooms
large deck
outdoor common areas
security camera system
Building Details
Year Built
1969
Stories
3
Units
30
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(312) 944-8900
Listed By:
Ariel Marini · License #475151565
(312) 944-8900
Source:
Midwestrealestate
Added: Jan 17
Changed: Aug 21
Last Checked: Aug 23 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Chicago
Investment Insights
Based on property information with market context.
Built in 1969, this student housing residence is configured for fraternity use and includes approximately 30 rooms, three full bathrooms, and a commercial-grade kitchen. Interior areas include meeting and chapter rooms, study and dining spaces, a TV lounge, workout facilities, and recreation rooms. Outdoor features include a large deck, common areas, and approximately 22 on-site parking spaces.
The property is located at 1020 W Hillcrest Drive in DeKalb, within the established Greek Row area and minutes from Northern Illinois University. A nationally affiliated fraternity has occupied the residence continuously for approximately 17 years. The lease carries a corporate-backed guaranty through May 31, 2030. Recent improvements include installation of a fire suppression system and security camera system.
The property is located at 1020 W Hillcrest Drive in DeKalb, within the established Greek Row area and minutes from Northern Illinois University. A nationally affiliated fraternity has occupied the residence continuously for approximately 17 years. The lease carries a corporate-backed guaranty through May 31, 2030. Recent improvements include installation of a fire suppression system and security camera system.
Key Highlights
- Approximately 30‑room fraternity residence with three full bathrooms
- Commercial‑grade kitchen plus chapter, meeting, study, dining, and recreation areas
- Approximately 22 on‑site parking spaces, large deck, and outdoor common areas
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Fully occupied fraternity residence with communal, dining, study, recreation, and operational areas.
Where is this residential income property located?
The property is located at 1020 W Hillcrest Drive Dekalb, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 30‑room fraternity residence with three full bathrooms; Commercial‑grade kitchen plus chapter, meeting, study, dining, and recreation areas; Approximately 22 on‑site parking spaces, large deck, and outdoor common areas
