$305,000

305 College Ave Dekalb, IL 60115

Estimated payment $2,289/month

Total Views 61,325
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This historical home was once the President of NIU, (Swen Parson) 2 Newer furnaces in 2023 This 11-unit license rooming house Great location to NIU with ample parking. Great front porch. One shared kitchen. 1 washer & dryer. This your opportunity to own a turnkey investment.

Listing Agent

Linda Swenson

Century 21 Circle License #475128581 Listed on: 05/31/2025

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,214

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 80x165
  • Corner Lot

Home Design

  • Rooming House

Interior Spaces

  • 3-Story Property

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $3,393
  • Fuel Expense $3,034
  • Insurance Expense $1,180
  • Maintenance Expense $5,136
  • Other Expense $1,236
  • Trash Expense $1,850
  • Water Sewer Expense $1,850
  • Operating Expense $24,879
  • Gross Income $50,940
  • Net Operating Income $30,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,214

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Rooming House/SRO
  • Stories: 3
  • Year Built: 1903
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Fireplaces: 1
  • Refrigerators: 4
  • Ranges: 1
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood
  • List Price: 305000

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1850
  • Water Sewer Expenses: 1850
  • Janitor Expense: 0000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 80X165
  • Zoning: MULTI

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 30308
  • Fuel Expense: 3034
  • Insurance Expense: 1180
  • ElectricExpense: 3393
  • GrossIncome: 50940
  • Maintenance Expense: 5136
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 24879
  • Expense Year: 2024
  • Type Multi-Family: Rooming House/SRO

Tax Info

  • Tax Annual Amount: 7214
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $7,370 $90,556 $13,075 $77,481
2023 $7,370 $78,293 $11,400 $66,893
2022 $7,224 $71,481 $13,010 $58,471
2021 $7,419 $67,043 $12,202 $54,841
2020 $7,587 $65,974 $12,007 $53,967
2019 $7,438 $63,381 $11,535 $51,846
2018 $7,262 $61,232 $11,144 $50,088
2017 $7,331 $58,860 $10,712 $48,148
2016 $7,250 $57,374 $10,442 $46,932
2015 -- $54,362 $9,894 $44,468
2014 -- $50,392 $14,316 $36,076
2013 -- $52,933 $15,038 $37,895
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 For Sale $305,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $222,000 --
Warranty Deed $188,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $177,600 Commercial
Previous Owner $189,000 New Conventional
Previous Owner $174,250 New Conventional
Source: Public Records

About the Listing Agent

Linda Swenson

Century 21 Circle

(855) 528-9250

Section Image

Linda Swenson is your real estate expert in DeKalb, Illinois. Linda knows the DeKalb area including neighborhoods, local businesses, restaurants, and more, and understands the unique characteristics of each town. When you hire Linda, you're also getting the power and expertise of Century 21 Circle . As a leading full service residential real estate brokerage servicing Illinois, Indiana and Florida, Century 21 Circle's combination of a comprehensive online presence, stealth marketing system and

Linda's Other Listings

  • 223 W Locust St, Dekalb, IL 60115

    $295,000

    • 223 W Locust St
    • Dekalb, IL

    An updated rooming house, in a great location close to NIU and downtown within walking distance or close to public transportation. Newer mechanicals furnaces & central air--windows -- plumbing -- some electrical. 3 updated Kitchens and 5 updated baths. If your investor this is ready for you. The potential for great rental income. Owner has other properties in the area and would consider a

    Linda Swenson Century 21 Circle

    Section Image
  • 230 Augusta Ave, Dekalb, IL 60115

    $320,000 Pending

    • 230 Augusta Ave
    • Dekalb, IL

    Investment opportunity within walking distance to Northern IL University 16 unit rooming house. Updated shared kitchen. On site coin laundry. Parking on site. Home sits in the Historical Ellwood district. Build your financial security. Seller has a portfolio of homes is this area call for details.

    Linda Swenson Century 21 Circle

    Section Image
  • 345 Augusta Ave, Dekalb, IL 60115

    $299,000

    • 345 Augusta Ave
    • Dekalb, IL

    What a location Just a few blocks from the NIU campus. How great to be able to walk to class. The location makes very attractive to potential students. Owner has vacated the property to have improvements made to the home. If you're looking for an investment, this rooming house host 9 bedrooms, 3 bathrooms. New kitchen with new appliances, new flooring also. Freshly painted throughout. Some

    Linda Swenson Century 21 Circle

    Section Image
  • 240 W Grant St, Waterman, IL 60556

    $197,000 Pending

    • 3 Beds
    • 1.5 Baths
    • 1,700 Sq Ft
    • 240 W Grant St
    • Waterman, IL

    This 2-story home sits on a corner lot, with 2 entry's one on Birch and one on Grant, with an attached 2+ garage. Entry to the basement is in the garage.3 Beds 1.5 Baths also a 2nd floor laundry room. Kitchen has loads of cabinets and a breakfast room for a table. Family room has like a barn door to close off the dining room. Also, patio doors to the deck. Just blocks for Lions Park and

    Linda Swenson Century 21 Circle

    Section Image
  • 820 N 7th St, Dekalb, IL 60115

    $245,000 Sold Jun 13, 2025

    • 4 Beds
    • 2 Baths
    • 1,792 Sq Ft
    • 820 N 7th St
    • Dekalb, IL

    Welcome to the Charm of an older home with history. Sit on the large front porch and watch the Sunrise. Enter into a large foyer with beautiful staircase and Hardwood floors. Beautiful woodwork adorns this home. Pillars between the Living room and the dining room built in cabinet. Kitchen updated with SS appliances Bath on 1st floor with new shower. Full basement with a finish rec room and

    Linda Swenson Century 21 Circle

  • 18107 University Rd, Malta, IL 60150

    $232,000 Sold Nov 18, 2024

    • 3 Beds
    • 1 Bath
    • 1,800 Sq Ft
    • 18107 University Rd
    • Malta, IL

    Here's your chance to use your DYI talents and make this the home of your dreams! Great footprint with loads of possibilities. 3 bedrooms and 1 bath 1st floor laundry too. Hardwood floors. Home was built in 1885. In 2008 it was separated from the farm giving you 2 acres Zoned A1. In 2008 the home was sided, and new windows were installed. Roof was done in 2009. Outside is a detached garage with 2

    Linda Swenson Century 21 Circle

  • 10856 Howison Rd, Waterman, IL 60556

    $619,999 Sold Oct 07, 2024

    • 6 Beds
    • 3 Baths
    • 2,400 Sq Ft
    • 10856 Howison Rd
    • Waterman, IL

    Welcome to this lovely home in the country on a blacktop road. The Home is a 2 story with 6 bedrooms and 3 full baths. Front porch & a deck on the back 20 X 25. 2+Attached garage. Entering the home main floor host a LR & DR Updated kitchen with island. Full bath (Shower) & 3 bedrooms. Beautiful staircases take you to the second story added in 2004 with an Amazing Master Suite 17X28 hardwood

    Linda Swenson Century 21 Circle

  • 47W160 Welter Rd, Maple Park, IL 60151

    $225,000 Sold Sep 20, 2024

    • 4 Beds
    • 1 Bath
    • 1,800 Sq Ft
    • 47W160 Welter Rd
    • Maple Park, IL

    Wonderful location in western Kane County.3 Acres MOL less nestled between Maple Park and Virgil. 2 story home hosts 4 bedrooms and 1 bath. Attached 2 car garage and one outbuilding with heat and electric. Roof is Approx. 5 years old. Bring your DYI ideas and make it the home of your dreams. New Well April 2024 Also Septic was installed. Dec. 2023. Apple & pear trees The property has black

    Linda Swenson Century 21 Circle

Source: Midwest Real Estate Data (MRED)

MLS Number: 12381367

Midwest Real Estate Data (MRED)

APN: 08-22-231-012