Remarks

Welcome to this exceptional Rooming House, ideally located just off the Northern Illinois University (NIU) campus. This expansive 7,500 square foot ranch-style property offers an incredible investment opportunity in the heart of NIU student housing. The property features a 2-bedroom, 1-bathroom apartment situated on one corner, while the other side boasts 20 additional bedrooms. Residents can enjoy a spacious living room, dining room, and kitchen, along with a back porch/Deck for relaxation. The main bathroom is well-equipped with 5 stalls, 4 shower stalls, and 4 sinks. There are also two half baths to accommodate residents. Ample parking is available on-site. Recent upgrades make this property even more appealing. The entire attic has been newly insulated, a sprinkler system has been added, and a fire alarm monitoring system is in place. Safety and security are further enhanced with a 16-camera monitoring system. The property also benefits from a new roof, new flooring throughout most of the common areas and bedrooms, fresh paint throughout, 3 new furnaces, and 2 new forced-air air conditioners. Additional improvements include new gutters, fascia boards, 3 new tankless water heaters, and a remodel of the main bathroom. A new coin-operated stacked washer & dryer, refrigerator, and freezer have also been installed. The kitchen is well-equipped with 2 dishwashers, 2 refrigerators, 2 stoves, and 2 coin-operated washing machines and dryers. Wi-Fi is available throughout the building, ensuring convenience for all residents. The prime location of this property is unbeatable, with a bus stop directly in front and a backyard that backs onto a park. Low comparative taxes ($9,015.80 for 2022 payable in 2023) add to the property's appeal. The property is inspected annually by the Fire Marshal and consistently receives positive remarks, with the next inspection scheduled for August 2024. This Rooming House is a rare find in the heart of NIU, offering both comfort and convenience for students. Don't miss out on this incredible opportunity!

Details

MLS#: 12137644
Price: $750,000

Sq Ft: 7464
Year Built: 1964

County: DeKalb
Lot Size: 159X161.40X200X191
Tax Fee: 9198.18