829 Greenbrier Rd Dekalb, IL 60115-1616

Property Details for 829 Greenbrier Rd

Lot size

0.26 lot acres

Property type

Commercial real estate

APN

08-15-178-021

APU

815178021

Description

This exceptional multi-family investment property, located at 829 Greenbrier Road in DeKalb, Illinois, presents a compelling opportunity for savvy investors. Boasting a substantial 13%+ cap rate, this property offers significant income potential. The building comprises 16 bedrooms, including 15 single occupancy rooms and a spacious one-bedroom manager's apartment. The manager's apartment features a private bathroom, kitchen, and living room, providing comfortable on-site management. Rental rooms share a common area, kitchen, and a multi-stall bathroom with showers. The property underwent significant updates in 2013, ensuring its continued appeal and functionality. Convenient off-street parking is available with 10 spaces, supplemented by adjacent street parking. The sturdy brick exterior adds to the property's durability and curb appeal. Situated on a 0.25-acre lot, this property is ideally located near the Northern Illinois University campus, guaranteeing a consistent stream of potential tenants. This property is also available as part of a larger package deal that includes 824 Greenbrier Road and 835 Greenbrier Road (lot). The asking price for this lucrative investment is $419,900. This is a rare opportunity to acquire a high-yielding, well-maintained multi-family property in a prime location. Don't miss out on this chance to add a strong performer to your investment portfolio.