Seller's Agent in 2024
Michelle Ohlinger
American Realty
(815) 793-5212
34 in this area
116 Total Sales
1230 Blackhawk Rd Dekalb, IL 60115
Estimated Value: $524,987
27
Beds
27
Baths
11,400
Sq Ft
$46/Sq Ft
Est. Value
Highlights
- 0.72 Acre Lot
- Home Gym
- Baseboard Heating
- 1 Fireplace
- Laundry Room
About This Home
As of March 2024Exceptional 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,390
Year Built
- Built in 1980
Lot Details
- 0.72 Acre Lot
- Lot Dimensions are 175x180
Home Design
- Rooming House
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 11,400 Sq Ft Home
- 3-Story Property
- 1 Fireplace
- Home Gym
- Laundry Room
Bedrooms and Bathrooms
- 27 Bedrooms
- 27 Bathrooms
Finished Basement
- Recreation or Family Area in Basement
- Basement Storage
Utilities
- Window Unit Cooling System
- Baseboard Heating
Community Details
Overview
- 27 Units
Building Details
- Electric Expense $11,010
- Fuel Expense $3,238
- Other Expense $1,323
- Trash Expense $1,117
- Water Sewer Expense $3,543
- Operating Expense $41,051
- Gross Income $85,560
- Net Operating Income $44,508
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2023
Closed on
Mar 20, 2024
Sold by
Alpha Delta Pi International Housing Inc
Bought by
Kc Beverages Llc
Seller's Agent
Michelle Ohlinger
American Realty
Buyer's Agent
Sarah Funches
Keller Williams Rlty Partners
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%
Total Days on Market
109
Views
148
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,987
Avg. Annual Appreciation
2.57%
Original Mortgage
$494,000
Interest Rate
1.39%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 16, 2018
Sold by
Delta Omega Of Alpha Delta Pi Housing Co
Bought by
Alpha Delta Pi International Housing
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kc Beverages Llc | $495,000 | American Title | |
| Kc Beverages Llc | $495,000 | American Title | |
| Alpha Delta Pi International Housing | $165,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Kc Beverages Llc | $494,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2024 03/22/24 | Sold | $495,000 | -10.0% | $43 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 12/25/2023 12/25/23 | For Sale | $550,000 | 0.0% | $48 / Sq Ft |
| 12/12/2023 12/12/23 | Pending | -- | -- | -- |
| 11/30/2023 11/30/23 | Price Changed | $550,000 | -15.4% | $48 / Sq Ft |
| 09/29/2023 09/29/23 | For Sale | $650,000 | -- | $57 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $20,803 | $253,469 | $61,020 | $192,449 |
| 2023 | $20,803 | $221,003 | $53,204 | $167,799 |
| 2022 | $20,391 | $201,774 | $60,719 | $141,055 |
| 2021 | $20,942 | $189,246 | $56,949 | $132,297 |
| 2020 | $21,415 | $186,229 | $56,041 | $130,188 |
| 2019 | $20,995 | $178,912 | $53,839 | $125,073 |
| 2018 | $20,500 | $172,845 | $52,013 | $120,832 |
| 2017 | $20,695 | $166,149 | $49,998 | $116,151 |
| 2016 | $20,466 | $161,955 | $48,736 | $113,219 |
| 2015 | -- | $148,346 | $46,178 | $102,168 |
| 2014 | -- | $150,254 | $46,772 | $103,482 |
| 2013 | -- | $157,830 | $49,130 | $108,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2024
Sarah Funches
Keller Williams Rlty Partners
(312) 719-0071
1 in this area
50 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11888055
APN: 08-15-102-009
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