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116 N 9th Street Dekalb, IL 60115
High Yield 6 Unit Multifamily Investment - DeKalb, IL. Rare 6unit multifamily opportunity in the thriving DeKalb rental market, offering investors exceptional return potential depending on the chosen mix of annual leases and short term rental strategies. With a deep tenant pool driven by Northern Illinois University, Northwestern Medicine Kishwaukee Hospital, Meta's DeKalb Data Center, 3M, Ferrara Candy and a growing logistics and manufacturing corridor, this property sits in a location where demand is both diverse and resilient. The building features maintenance free vinyl siding, tenant paid utilities, and coin operated laundry, keeping operating expenses low and predictable. Four of the six units have been recently updated with modern flooring, fresh paint, and new kitchens and bathrooms-allowing immediate rent optimization. Key value add components remain in the unfinished studio unit as well as simple rent increases in remaining units offering the next owner the chance to add additional income quickly. The current owner, a contractor, is open to negotiations to build out the remaining unit, giving buyers flexibility to tailor the space for long term, midterm, or short term rental use. DeKalb has a proven short-term rental market, supported by visiting faculty, traveling nurses, contractors, and event driven tourism. Recent leases demonstrate strong occupancy and premium short term rental rates, making this property ideal for investors seeking hybrid income strategies. This is a turnkey, cash flowing asset with clear upside-perfect for investors looking to expand in a stable, high demand Midwest market.
Baird & Warner Stephanie Mitchell, MB Home Team Agent Cell: 224.436.2232 Email
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Listing Office: eXp Realty
Listing Office Phone: 630-669-6318
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