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Off Market
1/19

837 W Hillcrest Dr
Dekalb, IL 60115


HIGHLIGHTS

  • 14 Building Portfolio with a Great Unit Mix
  • Potential to Boost Rent with Light Upgrades
  • Priced Well Below Replacement Cost
  • Strong Location near Northern Illinois University

OVERVIEW

Monarch Realty Partners is pleased to exclusively offer for purchase the Husky Ridge Apartments, a portfolio of 105 units across 14 buildings near Northern Illinois University in DeKalb, Illinois. This portfolio presents an attractive unit mix of forty-two [42] 3-bedroom units and fifty-eight [58] 2-bedroom units available in both town-home layouts featuring 3BR/1.1BA and 2BR/1.1BA apartments, as well as classic walk ups with 3BR/1BA, 2BR/1BA and 2BR/2BA layouts. Additionally, there are five [5] 1BR/1BA units. The majority of apartments have favorable layouts with separate dining and living rooms, and several buildings supply tenants with in-unit laundry machines. Base building operations include majority copper plumbing; tenant-paid electric baseboard heat; and sleeve A/C. Each building has a parking lot and is situated within a short walk to NIU's Husky Line bus route.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Husky Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

94000

STORIES

2

YEAR BUILT

1965

PARKING SPACES

100

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

08-15-176-019,08-15-176-020,08-15-177-009,08-15-177-011,08-15-177-012,08-15-177-013,08-15-177-014,08-15-177-015,08-15-177-019,08-15-177-021,08-15-178-006,08-15-178-007,08-15-178-011