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Kimberly Apartments 810 Kimberly Dr 85 Unit Apartment Building $6,300,000 ($74,118/Unit) 6.93% Cap Rate Dekalb, IL 60115
INVESTMENT HIGHLIGHTS
- Value add
- Well Maintained Units
- 8.62% Proforma Cap Rate
EXECUTIVE SUMMARY
Kimberly Apartments offers investors a rare chance to acquire an 85-unit, value-add multifamily asset in the DeKalb market—just minutes from Northern Illinois University, the upcoming Meta (Facebook) data center, and the new Kraft Heinz distribution hub, both slated for 2025 completion.
These major developments are expected to drive sustained population and employment growth, directly increasing rental demand in the area. Prime location near highways, shopping, and employment hubs Minutes to NIU, Meta campus, Kraft Heinz distribution center
Kimberly Apartments consists of garden-style apartment buildings at 810 and 820 Kimberly Dr, offering a range of unit configurations and floor plans in a convenient, walkable location close to campus and major local amenities.
These major developments are expected to drive sustained population and employment growth, directly increasing rental demand in the area. Prime location near highways, shopping, and employment hubs Minutes to NIU, Meta campus, Kraft Heinz distribution center
Kimberly Apartments consists of garden-style apartment buildings at 810 and 820 Kimberly Dr, offering a range of unit configurations and floor plans in a convenient, walkable location close to campus and major local amenities.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$831,119
|
$19.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$831,119
|
$19.11
|
| Taxes |
$110,283
|
$2.54
|
| Operating Expenses |
$283,936
|
$6.53
|
| Total Expenses |
$394,219
|
$9.06
|
| Net Operating Income |
$436,900
|
$10.04
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $831,119 |
| Annual Per SF | $19.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $831,119 |
| Annual Per SF | $19.11 |
| Taxes | |
|---|---|
| Annual | $110,283 |
| Annual Per SF | $2.54 |
| Operating Expenses | |
|---|---|
| Annual | $283,936 |
| Annual Per SF | $6.53 |
| Total Expenses | |
|---|---|
| Annual | $394,219 |
| Annual Per SF | $9.06 |
| Net Operating Income | |
|---|---|
| Annual | $436,900 |
| Annual Per SF | $10.04 |
PROPERTY FACTS
| Price | $6,300,000 | Building Class | C |
| Price Per Unit | $74,118 | Lot Size | 0.94 AC |
| Sale Type | Investment | Building Size | 43,500 SF |
| Cap Rate | 6.93% | Average Occupancy | 100% |
| No. Units | 85 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $6,300,000 |
| Price Per Unit | $74,118 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 43,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 750 |
| 1+1 | 17 | - | 1,000 |
| 2+1 | 52 | - | 1,200 |
| 2+1.5 | 7 | - | - |
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PROPERTY TAXES
| Parcel Number | 08-15-177-006 | Total Assessment | $576,932 (2024) |
| Land Assessment | $64,654 (2024) | Annual Taxes | $110,283 ($2.54/SF) |
| Improvements Assessment | $512,278 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08-15-177-006
Land Assessment
$64,654 (2024)
Improvements Assessment
$512,278 (2024)
Total Assessment
$576,932 (2024)
Annual Taxes
$110,283 ($2.54/SF)
Tax Year
2025
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Kimberly Apartments | 810 Kimberly Dr
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