819 Hillcrest Dr Dekalb, IL 60115-1669

Property Details for 819 Hillcrest Dr

Lot size

0.23 lot acres

Property type

Commercial real estate

APN

08-15-177-016

APU

815177016

Description

This exceptional investment opportunity presents a 21-unit apartment building in DeKalb, IL, listed at $1,785,000. The property comprises three meticulously maintained brick buildings, each with six, seven, and eight units respectively, totaling 14,700 square feet. Recent improvements include window replacements within the last five years, and while the roofs are currently in good condition, they are slated for replacement in 2024. All 21 units are spacious, rental-ready, and feature individual washer/dryer sets, enhancing their appeal to tenants. Efficient operation is ensured by separate electric and gas meters for each building (tenants pay all utilities except water). Heating systems vary; two buildings utilize electric baseboard heating, while the third employs gas-heated water baseboards. Each unit offers ample parking (at least one space per unit), presenting a significant advantage in a competitive rental market. The property's strong cash flow is further enhanced by the potential for rent increases. This offering presents a compelling investment opportunity, particularly given the owner's possession of additional buildings in the same area, allowing for potential portfolio expansion. Located in DeKalb, Illinois, this property benefits from the city's thriving community, proximity to Northern Illinois University, and a robust local economy. The combination of strong rental demand, recent upgrades, and future improvements positions this property for continued growth and profitability. The property's address is 819 W Hillcrest Dr, DeKalb, IL 60115.

Location Insight

City

Dekalb

County

Dekalb

State

Illinois

Longitude

-88.7669

Latitude

41.9454

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments