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.
Active
$216,492
226 W Locust St, Dekalb, IL 60115
--beds
--baths
9,583Square Feet
Unimproved Land
Built in ----
9,583 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow |
- 465
- views |
- 23
- saves |
Zillow last checked:
Listed by:
Mitchell Cohen 847-436-3551,
Cove Realty Inc
Source: MRED as distributed by MLS GRID,MLS#: 12658956
Facts & features
Property
Features
- Frontage length: 66
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 0822278005
- Special conditions: None
Utilities & green energy
- Utilities for property: Electricity Nearby, Natural Gas Available
Community & HOA
Location
- Region: Dekalb
Financial & listing details
- Tax assessed value: $215,136
- Annual tax amount: $6,203
- Ownership: Fee Simple
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/29/2025 | Listing removed | $234,000 |
Source:  MRED as distributed by MLS GRID #12521995 Report a problem | ||
| 11/21/2025 | Listed for sale | $234,000-2.1% |
Source: MRED as distributed by MLS GRID #12521995 Report a problem | ||
| 11/21/2025 | Listing removed | $239,000 |
Source: MRED as distributed by MLS GRID #12490310 Report a problem | ||
| 10/7/2025 | Listed for sale | $239,000 |
Source: MRED as distributed by MLS GRID #12490310 Report a problem | ||
| 3/11/2025 | Listing removed | $239,000 |
Source: MRED as distributed by MLS GRID #12272577 Report a problem | ||
| 2/7/2025 | Listed for sale | $239,000+54.2% |
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 |
Source: Zillow Rentals Report a problem | ||
| 11/4/2021 | Sold | $155,000-10.9% |
Source: MRED as distributed by MLS GRID #11150250 Report a problem | ||
| 9/24/2021 | Contingent | $174,000 |
Source: MRED as distributed by MLS GRID #11150250 Report a problem | ||
| 7/9/2021 | Listed for sale | $174,000 |
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% |
Source: MRED as distributed by MLS GRID #10826695 Report a problem | ||
| 5/10/2021 | Price change | $189,000-5% |
Source: MRED as distributed by MLS GRID #10826695 Report a problem | ||
| 10/7/2020 | Price change | $199,000-9.1% |
Source: Century 21 Affiliated #10826695 Report a problem | ||
| 8/21/2020 | Listed for sale | $219,000 |
Source: Century 21 Affiliated #10826695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North 5th Ward
Nearby schools
GreatSchools rating
- 7/10Jefferson Elementary SchoolGrades: K-5Distance: 1.2 mi
- 2/10Clinton Rosette Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10De Kalb High SchoolGrades: 9-12Distance: 1.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- DeKalb County
- Dekalb
- 60115
- North 5th Ward
- 226 W Locust St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Dekalb Topics
