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924 Greenbrier is a fully occupied 24-unit multifamily property in DeKalb, IL, just north of Northern Illinois University and approximately 65 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.
Features
Age: Over 50 Years Old
Architecture Style: Other
Exterior Type: Brick, Vinyl Siding
Floor Covering: Tile, Vinyl
Heating Fuel: Natural Gas
Heating System: Forced Air, Radiant
Lot Size: 0.62 Acres
Roof Type: Asphalt
Rooms: Full Bath, Half Bath, Laundry Room, Storage
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.