116 North 9th Street Dekalb, IL 60115

This six-unit multifamily property in DeKalb, Illinois, presents an investment opportunity within a thriving rental market. The location benefits from a diverse and resilient tenant pool, driven by Northern Illinois University, Northwestern Medicine Kishwaukee Hospital, Meta's DeKalb Data Center, 3M, Ferrara Candy, and a growing logistics and manufacturing corridor. The building features maintenance-free vinyl siding, tenant-paid utilities, and coin-operated laundry, contributing to low and predictable operating expenses. Four of the six units have been recently updated with modern flooring, fresh paint, and new kitchens and bathrooms, allowing for immediate rent optimization. Key value-add components remain in the unfinished studio unit, as well as opportunities for rent increases in the remaining units. The current owner, a contractor, is open to negotiations to build out the remaining unit, offering flexibility to tailor the space for long-term, mid-term, or short-term rental use. DeKalb has a proven short-term rental market, supported by visiting faculty, traveling nurses, contractors, and event-driven tourism. Recent leases demonstrate strong occupancy and premium short-term rental rates, making this property suitable for investors seeking hybrid income strategies. This property is a cash-flowing asset with upside potential, ideal for investors looking to expand in a stable, high-demand Midwest market.