Transaction Of 919 Greenbrier Rd In DeKalb Represented By Marcus & Millichap For $670,000

The property involved in this transaction is a 24-unit apartment building located at 919 Greenbrier Rd, DeKalb, IL, 60115. It was sold for $670,000. The property features 48 beds and has undergone significant capital improvements in the past year, including a new boiler, an upgraded fire safety system, the installation of 32 security cameras, and a new kitchen area. The apartment consists of one one-bedroom/one-bathroom unit, 22 double rooms, and one triple-occupant room. The building is leased to Tau Kappa Epsilon under a five-year modified gross lease that commenced at the beginning of the 2018-2019 school year.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $670,000
• Address: 919 Greenbrier Rd, DeKalb, IL, 60115
• Market: Dekalb
• Buyer’s Representative: Adam Fortino - Marcus & Millichap
• Seller’s Representative: Eric Bell - Marcus & Millichap
• Buyer: Unknown
• Seller: Unknown
• Square Footage: 0

Eric P. Bell, a senior managing director in the firm’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. Adam Fortino, a senior associate from the same office, represented the buyer in this transaction.