Brick Multifamily Investment
901 915 & 927 W Hillcrest Dr. Dekalb, IL 60115
901 915 & 927 W Hillcrest Dr., Dekalb, IL, 60115
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For Sale
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Fourteen thousand buildings? No—22-unit multifamily across three brick buildings with separate electric and gas metering.
Property Size14,840 SF
Price / SF$144.88
Days on Market62
Property Features for 901 915 & 927 W Hillcrest Dr.
General Information
- Standard status
- Active
- Size
- 14,840 SF
- Property subtype
- Multifamily
Listing agency
Citypoint Illinois LLC
(847) 744-5003
Listed by
Marcin Chojnacki · License #IL 471019141
Source
Crexi
Added: May 22 Updated: Jul 22 at 4:22PM Checked: Jul 22 at 4:22PM
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 Citypoint Illinois LLC
Investment Insights
Based on property information with market context.
This 22-unit multifamily property is comprised of three separate brick buildings with unit counts of 8, 6, and 8. The exterior has been well maintained, including recent window replacements across all buildings within the last five years, and the roofs are reported to be in good shape, with all roofs slated for replacement in 2024. Interior units are described as spacious and rental-ready.
The buildings operate with separate electric and gas meters. Two of the three buildings have electric baseboard heating, while the third building utilizes gas for water-baseboard heating. Two of the three buildings include individual washer/dryer sets in each unit, and the third building provides a single laundry setup in common areas.
Each unit is described as having more than one parking spot. The offering includes the option for the owner’s additional buildings in the same area to be packaged together.
The buildings operate with separate electric and gas meters. Two of the three buildings have electric baseboard heating, while the third building utilizes gas for water-baseboard heating. Two of the three buildings include individual washer/dryer sets in each unit, and the third building provides a single laundry setup in common areas.
Each unit is described as having more than one parking spot. The offering includes the option for the owner’s additional buildings in the same area to be packaged together.
Key Highlights
- 22‑unit multifamily in DeKalb with three brick buildings: 8 units, 6 units, and 8 units
- Recent window replacements across all buildings within the last 5 years
- Roofs are in good shape, with all roofs slated to be replaced in 2024
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.6k | $22.68 |
| − Vacancy | −$23.6k | −$1.59 |
| EGI | $313.0k | $21.09 |
| − OpEx | −$140.9k | −$9.49 |
| NOI | $172.2k | $11.60 |
14,840 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,156 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.12M
$4.48M – $5.98M
NOI $358,650 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fourteen thousand buildings? No—22-unit multifamily across three brick buildings with separate electric and gas metering.
Where is this apartment building located?
The property is located at 901 915 & 927 W Hillcrest Dr. Dekalb, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 22‑unit multifamily in DeKalb with three brick buildings: 8 units, 6 units, and 8 units; Recent window replacements across all buildings within the last 5 years; Roofs are in good shape, with all roofs slated to be replaced in 2024
