928 W Hillcrest Dr Immeuble | 1 403 m² | Spécialité | À vendre 818 007 € | Taux de capitalisation 8,84 % | Dekalb, IL 60115

Property is part of a portfolio sale with 918 Kimberly, 910 Hillcrest, and 928 Hillcrest. Properties will not be sold separately.
Positioned in the core of Northern Illinois University’s premier Greek Row, 928 W Hillcrest offers investors a fully leased, cash-flowing fraternity asset in one of the most supply-constrained student housing niches in the Midwest.
The property is secured by a net lease to Sigma Alpha Epsilon with 100% occupancy commencing 2025, delivering predictable income with minimal landlord responsibility. The building consists of approximately 30 rooms and is purpose-built for fraternity operations, including communal baths, chapter rooms, study areas, dining facilities, and a commercial kitchen.
Recent capital improvements—including new fire suppression systems, upgraded mechanicals, and a 2024 boiler refurbishment—significantly reduce near-term capex and ensure compliance with modern safety standards.
Additional features include a 32-car parking lot, outdoor deck, and recreation space, enhancing tenant retention and long-term usability.
Located within walking distance to NIU and near the planned $16M Greek Life Center, this asset benefits from institutional investment and sustained demand.