Multifamily for sale
309 Ash Ct
DeKalb, IL 60115
Listing Price: $339,000
Number of Units, 4
GRM, 8.20
Occupancy, 100%
Price/Unit, $84750
Price/Gross SF, $84.75
Gross SF, 4000
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Investment Highlights
- Four spacious two bedroom one bath units
- Very well maintained updated property
- Tenant paid electric baseboard heat
- Residential owner-occupied investment potential
- Stable non-student residential neighborhood
- Under market rents
Investment Overview
Marcus & Millichap is pleased to present to market this very well-maintained and upgraded four-unit multi-family property in DeKalb, Illinois. This investment offering provides upside in rental income. Each spacious two-bedroom / one-bathroom unit has separately metered tenant-paid electric baseboard heat and landlord owned new sleeve air-conditioning units and ceiling fans. The layout of each unit is a very rentable, tenant favored, open concept living room, and dining area; and kitchen appointed with newer matching glass top stoves, refrigerators, and dishwashers. Amenities include a separate four-car garage and one off-street parking space, one set of newer landlord-owned coin-operated commercial washer and dryer, secure entry, recently finished interior hallway entrances, rear decks (upper units), and landscaped yard area. DeKalb, home of Northern Illinois University, Illinois third-largest
campus is approximately 55 miles west of Chicago. Other large employers include Northwestern Medicine, Nestle, Target, 3M, Panduit, Ferrara Pan Candy Co. and soon to be Facebook building, an $800 million data center in DeKalb.
Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.