226 W Locust St Dekalb, IL 60115
Estimated payment $1,727/month
About This Home
Great investment opportunity near Downtown DeKalb and NIU! This 5-room + 1 studio, 3-bath rooming house offers strong rental income potential with the added flexibility of a house hack option-live in the private studio and rent out the remaining rooms. The property has been freshly updated with new flooring, new paint in the bathrooms, and fresh paint throughout the common areas, creating a clean and appealing environment for tenants. Ideal for investors or an owner-occupant looking for affordable living and steady cash flow. Located just minutes from Northern Illinois University, Downtown DeKalb, restaurants, shopping, bus routes, and major roads, including Annie Glidden Rd and Lincoln Hwy. Off-street parking and walkability to local amenities enhance its rental appeal. A fantastic addition to any rental portfolio-or an opportunity to live affordably while generating income.
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $234,000 | +51.0% | $123 / Sq Ft | |
| 11/04/2021 11/04/21 | Sold | $155,000 | -10.9% | $82 / Sq Ft | View Prior Sale |
| 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 |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12522093
APN: 08-22-278-005
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