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Student Housing

Campus Suites

314 Linden Pl, DeKalb, IL 60115

Listing Price: $4,575,000

Cap Rate
6.01%
Number of Units
52
Price/Unit
$87,981
Price/Gross SF
$127.30
Gross SF
35,940

Investment Overview

Marcus & Millichap is pleased to present the Campus Suites Portfolio, a student housing investment opportunity near the campus of Northern Illinois University, a public research university, located in DeKalb, Illinois. The subject properties consist of 314 Linden Place and 511 Normal Road, with a total of 52 apartments; (46) two-bed/one-bath apartments and (6) one-bed/one bath apartments. 314 Linden consists of (16) two-bedroom/one-bath apartments (in two buildings). Apartment features include hardwood floors, carpeted bedrooms, well maintained kitchens and baths, central air and radiant heat. On-site parking is available. 511 Normal consists of (6) one-bedroom/one-bath and (30) two-bedroom/one bath apartments. Features include updated kitchens, new wood flooring, carpeted bedrooms, and updated bathrooms. The property is boiler heated with sleeve A/C. There is on-site laundry and parking. Dekalb, Illinois, located 65 miles northwest of downtown Chicago, just off I-88, has a growing population of over 43,000, and is home to 16,769 students at Northern Illinois University. The subject properties are a short walk to campus, making this a prime, in-demand student housing opportunity.

Investment Highlights

  • Excellent DeKalb, IL Location
  • Three Buildings Totaling 52 Apartments
  • Ample On-Site Parking
  • Approximately 50% Pre-Leased for Fall 2021
  • Short Walking Distance to Campus

Exclusively Listed By

Listing Price: $4,575,000

Cap Rate
6.01%
Number of Units
52
Price/Unit
$87,981
Price/Gross SF
$127.30
Gross SF
35,940

Investment Highlights

  • Excellent DeKalb, IL Location
  • Three Buildings Totaling 52 Apartments
  • Ample On-Site Parking
  • Approximately 50% Pre-Leased for Fall 2021
  • Short Walking Distance to Campus

Investment Overview

Marcus & Millichap is pleased to present the Campus Suites Portfolio, a student housing investment opportunity near the campus of Northern Illinois University, a public research university, located in DeKalb, Illinois. The subject properties consist of 314 Linden Place and 511 Normal Road, with a total of 52 apartments; (46) two-bed/one-bath apartments and (6) one-bed/one bath apartments. 314 Linden consists of (16) two-bedroom/one-bath apartments (in two buildings). Apartment features include hardwood floors, carpeted bedrooms, well maintained kitchens and baths, central air and radiant heat. On-site parking is available. 511 Normal consists of (6) one-bedroom/one-bath and (30) two-bedroom/one bath apartments. Features include updated kitchens, new wood flooring, carpeted bedrooms, and updated bathrooms. The property is boiler heated with sleeve A/C. There is on-site laundry and parking. Dekalb, Illinois, located 65 miles northwest of downtown Chicago, just off I-88, has a growing population of over 43,000, and is home to 16,769 students at Northern Illinois University. The subject properties are a short walk to campus, making this a prime, in-demand student housing opportunity.

Exclusively Listed By

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