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Listed by Kari Kohlerof Coldwell Banker Realty
$524,999
Est. payment /mo
Price Dropped by $24K
919 Greenbrier Road Dekalb, IL 60115
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12567168
Year Built 1965
Annual Tax Amount $6,528
Tax Year 2025
Lot Dimensions 92.50 X 143 X 70 X 143
Property Sub-Type Multi Family 5+
Property Description
Exceptional investment opportunity in the heart of Northern Illinois University's student housing market. 919 Greenbrier Rd is a 24-unit student living property currently leased by the fraternity SAE, offering immediate cash flow and built-in occupancy. With capacity for up to 48 tenants, this property is ideally structured for high-yield student housing. Each unit is outfitted with essential amenities including a full kitchen, multiple bathrooms, and dorm-style living spaces. A spacious basement and 10 on-site parking spaces add value and convenience. Located steps from Greek Row and within close walking distance to campus, this is a prime location for student renters. A rare, turn-key asset in DeKalb-perfect for investors looking for stable, consistent returns in a thriving college rental market. Northern Illinois University's current spring 2026 enrollment is 14,644 students, described as the largest spring enrollment in five years. This is a 3.4% increase compared with spring 2025 enrollment of 14,158 students. Bathrooms include 1 full bathroom inside the President Suite, 2 public bathrooms on each floor, and 2 half bathrooms (powder rooms).
Location
State IL
County Dekalb
Interior
Fireplace N
Exterior
View Y/N true
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Patrick Clarke
Broker | License ID: 471.007683