Contacts

Randolph Taylor MBA, CCIM

eXp Commercial

(630) 474-6441

Property Details

Property Type Multi-Family
Property Size 9,240 SF
Units 24
Lot Size 0.63 Acre
Parking Spaces Avail. 24
Property Tenancy Multi-Tenant
Year Built 1968
Date Updated Apr 17, 2024

DeKalb, ILeXp Commercial is pleased to present to the market 924 Greenbrier, a 24-unit multifamily property in DeKalb, IL, just north of Northern Illinois University and approximately sixty-five miles west of Chicago. The building, which the City of DeKalb has designated as a rooming house, has 24 one-room units—twelve on each floor—along with a 3-stall, 3-shower community bathroom on each level and a half bathroom on the first floor. It includes communal living and eating areas, a commercial kitchen that meets code requirements, and a dining area. Fully licensed through August 2024 with no outstanding building code violations, this property has significant upside potential after its recent transition from student housing to affordable, all-inclusive market-rate rentals. Constructed with brick and block flexicore, this two-story building has a gabled, shingled roof, replaced about ten years ago, and a newly installed, efficient gas-powered radiant floor heating system as of February 2024. Fully equipped with sprinklers, it offers excellent sound insulation between units and floors, in addition to reduced insurance rates. The property as well as a professionally installed monitored fire alarm system. The parking lot is in good condition, having been recently patched, slurry coated, and re-striped, with numbered assigned parking spaces. Ideally located just north of Northern Illinois University, it benefits from the rental demand of both students and local residents. DeKalb's economic drivers, including Northwestern Medicine, General Electric, Monsanto, 3M, Nestlé, and Ferrara Candy Company, along with its status as a satellite city to Chicago, make it a solid investment.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

24-Unit Multifamily
87.5% Occupancy
Below-Market Rents
Solid Flexicore Construction
New Boiler/Newer Roof
Resurfaced Parking Lot

Getting around

56/100
Walk Score ®
42/100
Transit Score ®
49/100
Bike Score ®

Powered by Walk Score ®

City DeKalb, IL
Zip Code 60115
Market Chicago

Points of Interest

7th St. at Pleasant St

1.54 miles
bus stop

1.58 miles

7-Eleven

0.14 miles
Casey's General Store

0.19 miles
Fasmart #5228 - Annie Glidden Rd

0.87 miles
BP

0.93 miles
Marathon

1.90 miles
Hy-Vee Gas

2.76 miles
Casey's General Store

2.80 miles
Circle K - DeKalb Ave

2.98 miles
Mobil

3.43 miles
Meijer

4.15 miles

Lot X

0.35 miles
Parking Lot X

0.36 miles
University Plaza Private Parking

0.39 miles
Lot 44

0.41 miles
Parking Lot 44

0.41 miles
Lot O

0.42 miles
Parking Lot O

0.42 miles
Parking Lot 44A

0.43 miles
Parking Lot W

0.47 miles
Lot W

0.48 miles

Holmes Student Center Hotel

0.64 miles
Red Roof Inn - DeKalb

1.02 miles
Comfort Inn - DeKalb

1.06 miles
Hampton Inn - DeKalb

1.46 miles
Super 8 DeKalb

2.62 miles
Holiday Inn Express & Suites

3.06 miles
Quality Inn

3.94 miles
Country Inn & Suites

3.99 miles

Schnucks

1.73 miles
Jewel-Osco

1.74 miles
Five Below

2.31 miles
Kohl's

2.41 miles
Target

2.46 miles
Walmart Supercenter

2.52 miles
Aldi

2.70 miles
Hy-Vee

2.85 miles
Meijer

4.13 miles
Jewel-Osco

6.75 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

924 Greenbrier Road