Multifamily for sale

309 Ash Ct
DeKalb, IL 60115

Listing Price: $349,900

Cap Rate 6.32%
Number of Units 4
GRM 8.46
Occupancy 100%
Price/Unit $87475
Price/Gross SF $97.19
Gross SF 107200

View Offering Memo

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, as well as an owner-occupied investment opportunity with low down payment residential financing. 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.