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85-Unit Garden-Style Apartment Property
For Sale
$6,300,000
Pending

802 Kimberly Drive, Dekalb, IL 60115

Three brick residential buildings offer varied floor plans near Northern Illinois University and local employment centers.

Property SizeContact for details
Days on Market245

Property Features for 802 Kimberly Drive

General Information

Standard status Pending
Property subtype Multi Family 5+ / Condo/Townhouse
Net Operating Income $436,899

Units

Unit Mix 2 x Studio, 17 x 1BR, 52 x 2BR, 14 x 3BR
Multifamily Units 85

Taxes and HOA fees

Annual Taxes $110,283

Building Details

Year Built 1962
Buildings 3
Stories 3
Construction garden-style
Listing Agency: Listing Leaders Northwest, Inc
Listed By: Anthony Munoz · License #475208270
Source: Compass
Added: Jan 12 Changed: Sep 10 Last Checked: Sep 13 at 10:25AM

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 Listing Leaders Northwest, Inc

Investment Insights

Based on property information with market context.

Kimberly Apartments is an 85-unit multifamily property comprising three brick, garden-style buildings in DeKalb. The asset includes studio, one-bedroom, two-bedroom, and three-bedroom layouts across the buildings at 802, 810, and 820 Kimberly Drive. Tenants pay their own electric and gas costs. The property was built in 1962, and the roof serving 810 Kimberly Drive is 3 years old while the roof at 820 Kimberly Drive is 6 years old.

The apartments are located minutes from Northern Illinois University, the upcoming Meta data center, and the Kraft Heinz distribution hub, each identified for 2025 completion. The property also has proximity to highways, shopping, and employment centers, with a location described as convenient for access to campus and nearby amenities.

Key Highlights

  • 85 total units across three brick garden‑style apartment buildings
  • Unit mix includes studios, 1‑bedroom, 2‑bedroom, and 3‑bedroom apartments
  • Tenants pay electric and gas

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Auto Repair Shop Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

85
Residential units

Location Intelligence

Trade Area within ½ mile

361
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three brick residential buildings offer varied floor plans near Northern Illinois University and local employment centers.
Where is this apartment building located?
The property is located at 802 Kimberly Drive Dekalb, IL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 85 total units across three brick garden‑style apartment buildings; Unit mix includes studios, 1‑bedroom, 2‑bedroom, and 3‑bedroom apartments; Tenants pay electric and gas
More about this property
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