Well-maintained Greek Life student housing property located in the heart of DeKalb's established Greek Row, just minutes from Northern Illinois University. This flagship fraternity residence offers approximately 30 rooms, three full bathrooms, and a commercial-grade kitchen designed to support long-term institutional occupancy. The building includes extensive communal and operational spaces, including meeting and chapter rooms, study and dining areas, TV lounge, workout facilities, and recreation rooms. Exterior amenities feature a large deck, outdoor common areas, and approximately 22 on-site parking spaces. The property is fully occupied by a nationally affiliated fraternity that has maintained continuous occupancy for approximately 17 years. The lease is supported by a corporate-backed guaranty extending through May 31, 2030. Recent capital improvements include a new fire suppression system and security camera system. This is a stable, income-producing asset located in a high-demand student housing submarket with strong barriers to entry and long-term institutional support from Northern Illinois University.
Details
MLS #
12549621
Listing Type
For Sale
Style
Multi Family 5+
Sub-Type
Resale
Status
Active
Year
1969
Days On Site
232
Listing Provided By
Berkshire Hathaway HomeServices Chicago | Ariel Marini
Features
Basement
Y
Story(s)
3
Units
30
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Taxes
Tax Year
2024
Tax Annual Amount
18417
Area Information
State
IL
County
DeKalb
City
DeKalb
Zip Code
60115
Area
De Kalb
Listing VS Median (in 60115)
Price: $1,250,000
low | high
Med: $270,000
100% of Average
On site: 232
low | high
Med: 59.5
100% of Average
Sourced by Back At You
Market Activity 60115
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 3
Avg $ Per SqFt: $178.09
Min Sale Price: $200,000
Max Sale Price: $308,500
Med Sale Price: $205,000
Date: Jul 2026
Sales: 15
Avg $ Per SqFt: $183.73
Min Sale Price: $110,000
Max Sale Price: $455,000
Med Sale Price: $217,000
Date: Jun 2026
Sales: 32
Avg $ Per SqFt: $187.73
Min Sale Price: $165,000
Max Sale Price: $795,000
Med Sale Price: $303,500
Date: May 2026
Sales: 26
Avg $ Per SqFt: $173.18
Min Sale Price: $147,500
Max Sale Price: $545,000
Med Sale Price: $289,475
Date: Apr 2026
Sales: 34
Avg $ Per SqFt: $173.42
Min Sale Price: $185,000
Max Sale Price: $1,215,000
Med Sale Price: $271,775
Date: Mar 2026
Sales: 28
Avg $ Per SqFt: $175.15
Min Sale Price: $116,000
Max Sale Price: $555,500
Med Sale Price: $267,450
Date: Feb 2026
Sales: 16
Avg $ Per SqFt: $186.72
Min Sale Price: $120,000
Max Sale Price: $455,000
Med Sale Price: $232,500
Date: Jan 2026
Sales: 27
Avg $ Per SqFt: $170.79
Min Sale Price: $50,000
Max Sale Price: $540,000
Med Sale Price: $271,500
Date: Dec 2025
Sales: 10
Avg $ Per SqFt: $151.65
Min Sale Price: $175,000
Max Sale Price: $595,000
Med Sale Price: $276,500
Date: Nov 2025
Sales: 22
Avg $ Per SqFt: $166.58
Min Sale Price: $105,000
Max Sale Price: $365,000
Med Sale Price: $244,450
Date: Oct 2025
Sales: 38
Avg $ Per SqFt: $188.49
Min Sale Price: $40,000
Max Sale Price: $412,000
Med Sale Price: $239,500
Date: Sep 2025
Sales: 30
Avg $ Per SqFt: $152.2
Min Sale Price: $149,000
Max Sale Price: $525,000
Med Sale Price: $246,000
Sourced by Back At You
Aug 2026
Sales:
3
Avg $ Per SqFt:
$178.09
Min Sale Price:
$200,000
Max Sale Price:
$308,500
Med Sale Price:
$205,000
Jul 2026
Sales:
15
Avg $ Per SqFt:
$183.73
Min Sale Price:
$110,000
Max Sale Price:
$455,000
Med Sale Price:
$217,000
Jun 2026
Sales:
32
Avg $ Per SqFt:
$187.73
Min Sale Price:
$165,000
Max Sale Price:
$795,000
Med Sale Price:
$303,500
May 2026
Sales:
26
Avg $ Per SqFt:
$173.18
Min Sale Price:
$147,500
Max Sale Price:
$545,000
Med Sale Price:
$289,475
Apr 2026
Sales:
34
Avg $ Per SqFt:
$173.42
Min Sale Price:
$185,000
Max Sale Price:
$1,215,000
Med Sale Price:
$271,775
Mar 2026
Sales:
28
Avg $ Per SqFt:
$175.15
Min Sale Price:
$116,000
Max Sale Price:
$555,500
Med Sale Price:
$267,450
Feb 2026
Sales:
16
Avg $ Per SqFt:
$186.72
Min Sale Price:
$120,000
Max Sale Price:
$455,000
Med Sale Price:
$232,500
Jan 2026
Sales:
27
Avg $ Per SqFt:
$170.79
Min Sale Price:
$50,000
Max Sale Price:
$540,000
Med Sale Price:
$271,500
Dec 2025
Sales:
10
Avg $ Per SqFt:
$151.65
Min Sale Price:
$175,000
Max Sale Price:
$595,000
Med Sale Price:
$276,500
Nov 2025
Sales:
22
Avg $ Per SqFt:
$166.58
Min Sale Price:
$105,000
Max Sale Price:
$365,000
Med Sale Price:
$244,450
Oct 2025
Sales:
38
Avg $ Per SqFt:
$188.49
Min Sale Price:
$40,000
Max Sale Price:
$412,000
Med Sale Price:
$239,500
Sep 2025
Sales:
30
Avg $ Per SqFt:
$152.2
Min Sale Price:
$149,000
Max Sale Price:
$525,000
Med Sale Price:
$246,000
MLS Number: 12549621
Ariel Marini – (312) 607-5405
Berkshire Hathaway HomeServices Chicago – (312) 944-8900
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MLS Number: 12549621
Ariel Marini – (312) 607-5405
Berkshire Hathaway HomeServices Chicago – (312) 944-8900
