Exceptional 7-unit Student Housing Investment opportunity located just steps from Northern Illinois University. This is a rare chance to acquire a high-performing, income-producing asset in one of the area's most consistently in-demand rental markets. Strategically positioned near campus, the property benefits from strong student rental demand, attractive cash flow potential, and long-term investment stability. Whether you are looking to expand your portfolio or secure a turnkey multifamily asset in a proven location, this property presents an outstanding opportunity for both immediate income and future appreciation.
For sale
Price cut: $18K (9/30)
$199,500
226 W Locust St, Dekalb, IL 60115
8beds
2,198sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$91/sqft
$-- HOA
What's special
- 78 days
- 2,125
- 172
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Mitchell Cohen 847-436-3551,
Cove Realty Inc.
Source: My State MLS,MLS#: 11906221
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Basement
- Area: 300
Heating
- Gas, Natural Gas, Forced Air
Cooling
- Central, Wall/Window Unit(s)
Features
- Flooring: Carpet, Vinyl
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,498
- Total interior livable area: 2,198 sqft
- Finished area above ground: 2,198
Property
Features
- Patio & porch: Patio, Screened Porch, Deck
- Exterior features: Balcony, Garden, Corner, Terrace
- Has view: Yes
- View description: Street
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 0822278005
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1950
- Major remodel year: 1976
Utilities & green energy
- Electric: Amps(0)
Community & HOA
Community
- Features: Laundry, Recreation Room
HOA
- Has HOA: No
- Amenities included: Laundry, Recreation Room
Location
- Region: Dekalb
Financial & listing details
- Price per square foot: $91/sqft
- Tax assessed value: $78,532
- Annual tax amount: $6,203
- Date on market: 7/28/2026
- Date available: 07/28/2026
- Listing agreement: Exclusive
Estimated market value
Not available
Estimated sales range
Not available
$1,152/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Price change | $199,500-8.3%$91/sqft |
Source: My State MLS #11906221 Report a problem | ||
| 7/28/2026 | Listed for sale | $217,499+0.5%$99/sqft |
Source: My State MLS #11906221 Report a problem | ||
| 7/28/2026 | Listing removed | $216,492$98/sqft |
Source:  MRED as distributed by MLS GRID #12658956 Report a problem | ||
| 5/27/2026 | Listed for sale | $216,492-7.5%$98/sqft |
Source: MRED as distributed by MLS GRID #12658956 Report a problem | ||
| 11/29/2025 | Listing removed | $234,000$106/sqft |
Source: MRED as distributed by MLS GRID #12521995 Report a problem | ||
| 11/21/2025 | Listed for sale | $234,000-2.1%$106/sqft |
Source: MRED as distributed by MLS GRID #12521995 Report a problem | ||
| 11/21/2025 | Listing removed | $239,000$109/sqft |
Source: MRED as distributed by MLS GRID #12490310 Report a problem | ||
| 10/7/2025 | Listed for sale | $239,000$109/sqft |
Source: MRED as distributed by MLS GRID #12490310 Report a problem | ||
| 3/11/2025 | Listing removed | $239,000$109/sqft |
Source: MRED as distributed by MLS GRID #12272577 Report a problem | ||
| 2/7/2025 | Listed for sale | $239,000+54.2%$109/sqft |
Source: MRED as distributed by MLS GRID #12272577 Report a problem | ||
| 4/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/8/2024 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/4/2021 | Sold | $155,000-10.9%$71/sqft |
Source: MRED as distributed by MLS GRID #11150250 Report a problem | ||
| 9/24/2021 | Contingent | $174,000$79/sqft |
Source: MRED as distributed by MLS GRID #11150250 Report a problem | ||
| 7/9/2021 | Listed for sale | $174,000$79/sqft |
Source: MRED as distributed by MLS GRID #11150250 Report a problem | ||
| 7/9/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #10826695 Report a problem | ||
| 6/23/2021 | Price change | $174,000-7.9%$79/sqft |
Source: MRED as distributed by MLS GRID #10826695 Report a problem | ||
| 5/10/2021 | Listed for sale | $189,000-5%$86/sqft |
Source: MRED as distributed by MLS GRID #10826695 Report a problem | ||
| 10/7/2020 | Price change | $199,000-9.1%$91/sqft |
Source: Century 21 Affiliated #10826695 Report a problem | ||
| 8/21/2020 | Listed for sale | $219,000$100/sqft |
Source: Century 21 Affiliated #10826695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,203 +8.6% | $78,532 +9.5% |
| 2024 | $5,713 -2.9% | $71,712 +14.7% |
| 2023 | $5,886 +2% | $62,527 +9.5% |
| 2022 | $5,769 -2.6% | $57,086 +6.6% |
| 2021 | $5,925 -2.2% | $53,542 +1.6% |
| 2020 | $6,059 +3.8% | $52,688 +5.9% |
| 2019 | $5,839 +2.4% | $49,761 +3.5% |
| 2018 | $5,702 -0.9% | $48,074 +4% |
| 2017 | $5,756 +1.1% | $46,211 +2.6% |
| 2016 | $5,692 | $45,044 +5.5% |
| 2015 | -- | $42,679 -1.3% |
| 2014 | -- | $43,228 -4.8% |
| 2013 | -- | $45,407 -8.9% |
| 2012 | -- | $49,860 -9% |
| 2011 | -- | $54,773 -5.4% |
| 2010 | -- | $57,923 -6.1% |
| 2009 | -- | $61,672 +1.5% |
| 2008 | -- | $60,760 -2.3% |
| 2007 | -- | $62,209 +12% |
| 2006 | -- | $55,565 |
Find assessor info on the county website
Monthly payment
Est. payment
