Log In/Sign Up
Your email has been sent.
918 Kimberly Dr 9,300 SF Specialty Building Offered at $650,000 at a 11.15% Cap Rate in Dekalb, IL 60115
Executive Summary
918 Kimberly Dr offers a unique opportunity to acquire a sorority-leased property in the highly sought-after NIU Greek housing market, where supply remains limited and demand continues to grow.
This 2-story masonry building with an English basement features approximately 20 rooms and is configured to support sorority operations, including communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen.
The property is secured under a net lease with a new sorority tenant commencing Fall 2025, positioning the asset for stabilization and future income growth. Recent improvements include a new roof (2024), fire suppression system, and security systems, minimizing near-term capital needs.
The site also includes a 16-car parking lot, providing added convenience for residents and strengthening leasing appeal.
This 2-story masonry building with an English basement features approximately 20 rooms and is configured to support sorority operations, including communal bathrooms, chapter rooms, study areas, dining facilities, and a commercial kitchen.
The property is secured under a net lease with a new sorority tenant commencing Fall 2025, positioning the asset for stabilization and future income growth. Recent improvements include a new roof (2024), fire suppression system, and security systems, minimizing near-term capital needs.
The site also includes a 16-car parking lot, providing added convenience for residents and strengthening leasing appeal.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$96,000
|
$10.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$96,000
|
$10.32
|
| Taxes |
$16,000
|
$1.72
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,000
|
$1.72
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $10.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $10.32 |
| Taxes | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $1.72 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $1.72 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $650,000 | Lot Size | 0.28 AC |
| Price Per SF | $69.89 | Building Size | 9,300 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 11.15% | Year Built | 1960 |
| Property Type | Specialty | Parking Ratio | 1.29/1,000 SF |
| Property Subtype | Sorority/Fraternity House | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM - Fraternity and sorority houses | ||
| Price | $650,000 |
| Price Per SF | $69.89 |
| Sale Type | Investment |
| Cap Rate | 11.15% |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,300 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM - Fraternity and sorority houses |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-15-177-002 | Total Assessment | $205,368 (2024) |
| Land Assessment | $18,647 (2024) | Annual Taxes | $16,000 ($1.72/SF) |
| Improvements Assessment | $186,721 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
08-15-177-002
Land Assessment
$18,647 (2024)
Improvements Assessment
$186,721 (2024)
Total Assessment
$205,368 (2024)
Annual Taxes
$16,000 ($1.72/SF)
Tax Year
2025
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
918 Kimberly Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.