$550,000

Exceptional investment opportunity, just steps away from Northern Illinois University. This impressive 11,400 sqft boarding house boasts 26 rooms, all approved for double occupancy, and a 1-bedroom apartment suite with a separate full bath. Whether you're looking to expand your real estate portfolio or establish a steady income stream, this property offers a promising venture. The ground floor welcomes you with a spacious great room and a versatile meeting area, brick fireplace, and 1/2 bath, perfect for gatherings and events. Catering to communal living, the group dining room provides an ideal space for residents. Well-equipped commercial kitchen ensures that meal preparation is a breeze, making it easier to cater to the needs of the residents. On the ground floor, you'll find a comfortable 1-bedroom apartment suite with a separate full bath, adding to the property's flexibility. Second and third floors offer 13 rooms each, complete with private closets and newer carpeting. Residents on these floors have easy access to 2 common bathrooms, featuring 4 showers, stalls, multiple sinks, and additional storage areas per floor. Finished basement extends the versatility of the property, featuring an additional lounge/recreational space, a flex area for workouts or bonuses, additional 1/2 bath and a common area laundry room. This thoughtful layout ensures that residents have ample space to relax and enjoy their time on the property. Outdoor features sitting area, firepit and shed. Ample parking spaces. This Northern Illinois University-adjacent boarding house presents an outstanding opportunity for real estate investors. Its combination of 26 spacious rooms, communal amenities, and an excellent location near the university make it a highly attractive investment. Don't miss your chance to own a well-maintained, income-generating property. Seize this opportunity to add a promising asset to your real estate portfolio. Schedule a viewing today and explore the potential of this remarkable property.