226 W Locust St Dekalb, IL 60115
Estimated payment $1,753/month
About This Home
Step into this three-story residence located in the heart of the DeKalb Historic District, currently licensed by the City of DeKalb as a 7-bedroom rooming house. Featuring original woodwork, large rooms, three full bathrooms, and two kitchens, this property offers both charm and versatility. The basement includes laundry facilities, and the third floor holds potential for a studio apartment conversion. Recent updates include a new deck and stairs at the back of the property, plus off-street parking for tenants-a rare find in this walkable area. Within minutes of Northern Illinois University and Downtown DeKalb, residents enjoy easy access to dining, shops, and entertainment, including the iconic Egyptian Theatre. Property Highlights: 7 Bedrooms | 3 Full Bathrooms | 2 Kitchens Licensed rooming house with established rental income Potential studio apartment on 3rd floor Off-street parking and new rear deck/stairs Walkable to NIU & Downtown DeKalb
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,886
Year Built
- Built in 1950
Home Design
- Rooming House
Additional Features
- 3-Story Property
- Radiator
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $1,913
- Fuel Expense $1,913
- Insurance Expense $845
- Maintenance Expense $4,895
- Other Expense $1,260
- Trash Expense $997
- Water Sewer Expense $997
- Operating Expense $23,281
- Gross Income $35,487
- Net Operating Income $12,206
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,886 | $71,712 | $8,987 | $62,725 |
| 2023 | $5,886 | $62,527 | $7,836 | $54,691 |
| 2022 | $5,769 | $57,086 | $8,943 | $48,143 |
| 2021 | $5,925 | $53,542 | $8,388 | $45,154 |
| 2020 | $6,059 | $52,688 | $8,254 | $44,434 |
| 2019 | $5,839 | $49,761 | $7,930 | $41,831 |
| 2018 | $5,702 | $48,074 | $7,661 | $40,413 |
| 2017 | $5,756 | $46,211 | $7,364 | $38,847 |
| 2016 | $5,692 | $45,044 | $7,178 | $37,866 |
| 2015 | -- | $42,679 | $6,801 | $35,878 |
| 2014 | -- | $43,228 | $9,840 | $33,388 |
| 2013 | -- | $45,407 | $10,336 | $35,071 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $239,000 | +54.2% | -- |
| 11/04/2021 11/04/21 | Sold | $155,000 | -10.9% | $82 / Sq Ft |
| 09/23/2021 09/23/21 | Pending | -- | -- | -- |
| 07/09/2021 07/09/21 | For Sale | $174,000 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $155,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $116,250 | New Conventional | |
| Previous Owner | $130,000 | New Conventional | |
| Previous Owner | $20,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12474657
APN: 08-22-278-005
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