532 - 534 College Avenue

Turnkey investment opportunity just steps from Northern Illinois University and downtown DeKalb! This well-positioned property at 532-534 College Ave features a 16 unit rooming house plus two 1-bedroom units and one 2-bedroom unit, offering a strong and flexible income stream with housing hack potential! Located in a highly walkable area, tenants enjoy immediate access to NIU campus, Lincoln Hwy dining and retail, parks, and public transit-supporting consistent occupancy and strong rental demand. The property is fully leased with a proven rent roll and generates approximately $97,000+ in potential income and ~$53,000+ NOI, delivering an estimated ~8.1 cap rate. Multiple income streams, stable performance, and upside potential make this a compelling addition to any investment portfolio.