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924 Greenbrier Rd, Dekalb, IL 60115

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For Sale

$1,200,000

2 baths • 1 half baths • 9,240 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $129.87
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 11266802

Courtesy Of eXp Commercial

(317) 750-2964

Property 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

Map and Directions

Directions to 924 Greenbrier Rd, Dekalb, IL 60115

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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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.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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