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.
Property Details
Price:
$1,250,000
MLS #:
MRD12549621
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
dekalb
Listed Date:
Jan 17, 2026
Year Built:
1969
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Tax Year
2024
Taxes
$18,417
Map
Community
- Address1020 W Hillcrest Drive DeKalb IL
- CityDeKalb
- CountyDeKalb
- Zip Code60115
Market Summary
Current real estate data for Commercial in DeKalb as of Jun 14, 2026
23
Commercial Listed
156
Avg DOM
$836,074
Avg List Price
Property Summary
- 1020 W Hillcrest Drive DeKalb IL is a Commercial for sale in DeKalb, IL, 60115. It is listed for $1,250,000
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Copyright 2026. All rights reserved.
1020 W Hillcrest Drive
DeKalb, IL


