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Greek Row Apartment Building
For Sale
$950,000

928 West Hillcrest Drive, Dekalb, IL 60115

Purpose-built communal layout with chapter, study, dining, kitchen, and recreation areas.

Property Size15,000 SF
Price / SF$63.33
Days on Market160

Property Features for 928 West Hillcrest Drive

General Information

Standard status Active
Size 15,000 SF
Total Parking Spaces 32
Property subtype Multi Family 5+ / Multi Family 5+-Other
Zoning OTHER
Net Operating Income $84,000

Taxes and HOA fees

Annual Taxes $17,713

Amenities

communal baths
chapter rooms
study areas
dining facilities
commercial kitchen
outdoor deck
recreation space

Building Details

Year Built 1969
Buildings 1
Stories 2
Listing Agency: Continuum Real Estate Brokers
Listed By: Ariel
Source: Compass
Added: Mar 25 Changed: Aug 30 Last Checked: Aug 30 at 1:34PM

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 15,000-square-foot apartment building was completed in 1969 and configured for fraternity operations, with approximately 30 rooms. The interior includes communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen. Recent work includes updated fire suppression systems, mechanical improvements, and a boiler refurbishment completed in 2024.

The property sits on West Hillcrest Drive in DeKalb, within Northern Illinois University's Greek Row setting. Site features include a 32-car parking lot, an outdoor deck, and dedicated recreation space. The building is identified with OTHER zoning and is being offered as part of a portfolio.

Key Highlights

  • Approximately 30 rooms within a 15,000‑square‑foot apartment building
  • Configured with communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen
  • 2024 boiler refurbishment plus updated fire suppression and mechanical systems

Property Analytics

Current Use

Alpha Sigma Phi Housing Complex

Suggested Use

Top Pick Law Firm Electrical Service Big Box & Wholesale Store Auto Parts Store Plumbing Service Nail Salon

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

Location Intelligence

Trade Area within ½ mile

476
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 - Purpose-built communal layout with chapter, study, dining, kitchen, and recreation areas.
Where is this apartment building located?
The property is located at 928 West Hillcrest Drive Dekalb, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 30 rooms within a 15,000‑square‑foot apartment building; Configured with communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen; 2024 boiler refurbishment plus updated fire suppression and mechanical systems
More about this property
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