Address
1020 W Hillcrest Drive, DeKalb, IL
Price
$ 1,250,000
Property Attributes
- MLS#12549621
- TypeMulti-Family
- Listing Status Active
- CountyDEKALB
- CityDeKalb
- AreaDe Kalb
- Zip60115
- Style
- Year Built1969
- Taxes$ 18417
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Well-maintained Greek Life student housing property located in the heart of DeKalb's established Greek Row, just minutes from Northern Illinois University. This flagship fraternity residence offers approximately 30 rooms, three full bathrooms, and a commercial-grade kitchen designed to support long-term institutional occupancy. The building includes extensive communal and operational spaces, including meeting and chapter rooms, study and dining areas, TV lounge, workout facilities, and recreation rooms. Exterior amenities feature a large deck, outdoor common areas, and approximately 22 on-site parking spaces. The property is fully occupied by a nationally affiliated fraternity that has maintained continuous occupancy for approximately 17 years. The lease is supported by a corporate-backed guaranty extending through May 31, 2030. Recent capital improvements include a new fire suppression system and security camera system. This is a stable, income-producing asset located in a high-demand student housing submarket with strong barriers to entry and long-term institutional support from Northern Illinois University.
| Price History | |
|---|---|
| 1/29/2026 | Listed $1,250,000 |
General Features
| Cooling | Central Air |
|---|---|
| Construction Materials | Brick |
| Year Built | 1969 |
| Tenant Pays | Air Conditioning,Common Area Maintenance,Electricity,Heat,Scavenger,Other,Hot Water |
| Stories Count | 3 |
| Township | DeKalb |
| Tax Year | 2024 |
| Gross Income | 156342 |
| County | DeKalb |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Route 38 North to N Annie Glidden Rd then East on W. Hillcrest Drive |
| City | DeKalb |
| Number Of Units Total | 30 |
| MLS Area | De Kalb |
| Tax Annual Amount | 18417 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Basement | Unfinished,Bath/Stubbed,Block,Rec/Family Area |
|---|
Exterior Features
| Lot Dimensions | 209X231X236 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60115
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Chicago - Michigan Avenue may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 9:52 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 9:52 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
