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    OFF-MARKET
    Commercial real estate

    345 Augusta Ave, DeKalb, IL 60115

    Property ID
    US28-5805024
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a nine-bedroom, three-bathroom rooming house ideally situated just blocks from Northern Illinois University's campus in DeKalb, Illinois. Its prime location offers immediate appeal to students, ensuring high occupancy rates. The property has recently undergone significant improvements, including a brand-new kitchen fully equipped with modern appliances and updated flooring throughout. A fresh coat of paint brightens the interior, and several replacement windows have been installed to enhance energy efficiency. The roof is approximately four years old, providing peace of mind for years to come. Ample parking is available, accommodating 13 to 18 vehicles. Currently licensed as a rooming house, this property is move-in ready and poised for immediate rental income. The property is located within a historic DeKalb district, adding to its unique charm and potential for appreciation. This is a turnkey investment, perfect for those seeking a strong return on investment in a high-demand student housing market. The owner has vacated the premises to facilitate the recent renovations, ensuring a smooth transition for the new owner. Don't miss this chance to acquire a well-maintained, high-yield property in a thriving college town. The asking price is $299,000.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-5805024
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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