808 Ridge Dr - The Terraces at Dekalb on Ridge Drive

The Terraces at Dekalb Portfolio offers the rare opportunity to acquire a sprawling collection of multifamily properties in a suburban community on the outskirts of Chicago. This robust portfolio comprises a diverse mix of 403 units across 15 buildings surrounded by landscaped grounds and ample parking. All properties have had partial to full rehabs within the last 24 months, with new security systems installed and updated common areas. Tenants have access to laundry facilities and a fitness center, building-dependent.

Investors will benefit from the strategic location, significant occupancy, value-add potential by maximizing rents, and its proximity to neighborhood amenities. Each property provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, parks, and museums. Terraces at Dekalb is ideally positioned just outside Northern Illinois University (NIU), a public research university with over 15,000 enrolled students, an excellent opportunity for student housing options. The portfolio is positioned less than 10 minutes from Interstate 88 and Route 38, providing seamless connections in and around town.

Dekalb is located approximately 65 miles west of Chicago along Interstate 88. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues. The city is also home to Northern Illinois University, and the students of this large college make up much of the town's population. Some of the area's largest employers include Target, Amazon, Kraft Heinz, and Meta, contributing to the growth of this budding community.