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919 Greenbrier Rd 24 Unit Apartment Building $744,993 CAD ($31,041 CAD/Unit) 11.40% Cap Rate Dekalb, IL 60115
Investment Highlights
- 24 units with capacity for up to 48 tenants, ideal for maximizing rental income in a dense student market
- Located in DeKalb, a growing college town with a robust rental ecosystem, perfect for investors seeking consistent returns
- Each unit includes a full kitchen, multiple bathrooms, and dorm-style living spaces tailored for student renters
- Features a spacious basement and 10 on-site parking spaces
Executive Summary
Exceptional investment opportunity in the heart of Northern Illinois University's student housing market. 919 Greenbrier Road is a 24-unit student living property currently leased by the fraternity SAE, offering immediate cash flow and built-in occupancy. With capacity for up to 48 tenants, this property is ideally structured for high-yield student housing. Each unit is outfitted with essential amenities including a full kitchen, multiple bathrooms, and dorm-style living spaces. A spacious basement and 10 on-site parking spaces add value and convenience. Located steps from Greek Row and within close walking distance to campus, this is a prime location for student renters. A rare, turn-key asset in DeKalb-perfect for investors looking for stable, consistent returns in a thriving college rental market.
Property Facts
| Price | $744,993 CAD | Building Class | C |
| Price Per Unit | $31,041 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 14,554 SF |
| Cap Rate | 11.40% | No. Stories | 2 |
| No. Units | 24 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | PDR - Planned Development Residential | ||
| Price | $744,993 CAD |
| Price Per Unit | $31,041 CAD |
| Sale Type | Investment |
| Cap Rate | 11.40% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 14,554 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.69/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | PDR - Planned Development Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
Property Taxes
| Parcel Number | 08-15-178-014 | Improvements Assessment | $66,245 CAD |
| Land Assessment | $34,551 CAD | Total Assessment | $100,796 CAD |
Property Taxes
Parcel Number
08-15-178-014
Land Assessment
$34,551 CAD
Improvements Assessment
$66,245 CAD
Total Assessment
$100,796 CAD
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919 Greenbrier Rd
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