Apartment Portfolio with Townhouse
For Sale
Contact for pricing
1121 W Hillcrest Drive, Dekalb, IL 60115
Two DeKalb properties combine townhouse units with student- and sorority-oriented housing formats.
Property Size25,917 SF
Price / SF$130.22
Days on Market75
Property Features for 1121 W Hillcrest Drive
General Information
Standard status
Active
Size
25,917 SF
Total Parking Spaces
68
Property subtype
Multifamily
Net Operating Income
$196,345
Additional Details
Asking Price
$3,375,000
Building Details
Buildings
2
Units
10
Tenancy
Multi
Listing Agency:
RVG Commercial Real Estate
Listed By:
Sam Patterson · License #IL 475154735
Source:
Crexi
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 23 at 4:05AM
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 RVG Commercial Real Estate
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Investment Insights
Based on property information with market context.
This apartment portfolio includes 10 townhouse units alongside a larger housing property oriented toward student and sorority occupancy. The combined reported property size is 25,917 square feet, with the assets offered together as one sale rather than as separate properties.
The properties are located at 1121 W. Hillcrest Drive and 1115 N. Annie Glidden Road in DeKalb, Illinois. Both assets serve the broader DeKalb student-housing market and provide two distinct residential operating formats within the portfolio.
The properties are located at 1121 W. Hillcrest Drive and 1115 N. Annie Glidden Road in DeKalb, Illinois. Both assets serve the broader DeKalb student-housing market and provide two distinct residential operating formats within the portfolio.
Key Highlights
- 10 townhouse units included in the portfolio
- Larger property oriented toward student and sorority housing
- Combined reported property size of 25,917 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,658
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,013,160
$6.0M
Cap Rate 7%
$4,295,114
$4.3M
Cap Rate 9%
$3,340,644
$3.3M
Market Conditions
NOI Build-Up for 25,917 SF
Gross rent
$587.8K $22.68/SF
− Vacancy
−$41.1K −$1.59/SF
EGI
$546.7K $21.09/SF
− OpEx
−$246.0K −$9.49/SF
NOI
$300.7K $11.60/SF
Area
DeKalb County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,013,160
Cap Rate 7%
$4,295,114
Cap Rate 9%
$3,340,644
Alternative Uses
Best Use
Apartment 5plus
$4.30M
$3.76M – $5.01M
NOI $300,658 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.95M
$7.83M – $10.44M
NOI $626,357 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
370
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two DeKalb properties combine townhouse units with student- and sorority-oriented housing formats.
Where is this apartment building located?
The property is located at 1121 W Hillcrest Drive Dekalb, IL.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 10 townhouse units included in the portfolio; Larger property oriented toward student and sorority housing; Combined reported property size of 25,917 square feet
