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Two-Story Apartment Building
For Sale
$650,000

918 Kimberly Drive, Dekalb, IL 60115

Sorority-leased housing property with communal facilities, a commercial kitchen, and dedicated resident parking.

Property Size12,238 SF
Price / SF$53.11
Days on Market159

Property Features for 918 Kimberly Drive

General Information

Standard status Active
Size 12,238 SF
Total Parking Spaces 16
Property subtype Multi Family 5+ / Rooming House/Sro
Zoning OTHER
Net Operating Income $68,500

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $16,000

Amenities

communal bathrooms
chapter rooms
study areas
dining facilities
commercial kitchen
security systems

Building Details

Year Built 1969
Buildings 1
Stories 2
Construction masonry
Tenancy Single
Listing Agency: Continuum Real Estate Brokers
Listed By: Ariel
Source: Compass
Added: Mar 25 Changed: Aug 29 Last Checked: Aug 29 at 1:46PM

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 Continuum Real Estate Brokers

Investment Insights

Based on property information with market context.

This 12,238-square-foot apartment building in DeKalb is arranged across two stories with an English basement and approximately 20 rooms. The interior configuration includes communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen, supporting its existing sorority-leased use. The property is zoned OTHER and was built in 1969.

Recent capital improvements include a roof installed in 2024, along with a fire suppression system and security systems. A 16-car parking lot serves the building. The property is located at 918 Kimberly Drive in the NIU Greek housing market and is offered as part of a portfolio.

Key Highlights

  • 12,238‑square‑foot apartment building with two stories and an English basement
  • Approximately 20 rooms with communal bathrooms, chapter rooms, study areas, and dining facilities
  • Commercial kitchen supports the building’s sorority‑leased configuration

Property Analytics

Current Use

Sigma Alpha Epsilon Volunteer Organization Alpha Sigma Phi Volunteer Organization

Suggested Use

Top Pick Law Firm Electrical Service Auto Repair Shop Bakery Plumbing Service Skin Care Clinic

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

Single-tenant
Tenancy
Yes
Sprinkler system

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Sorority-leased housing property with communal facilities, a commercial kitchen, and dedicated resident parking.
Where is this apartment building located?
The property is located at 918 Kimberly Drive Dekalb, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 12,238‑square‑foot apartment building with two stories and an English basement; Approximately 20 rooms with communal bathrooms, chapter rooms, study areas, and dining facilities; Commercial kitchen supports the building’s sorority‑leased configuration
More about this property
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