501 College Ave Dekalb, IL 60115
Estimated payment $5,281/month
About This Home
Investment Opportunity with these well maintained multi units next to NIU campus. 2 units that must be sold together, under one parcel. 501: 6 unit with laundry and parking. 503: recently rehabbed, 3 unit with laundry and parking. Tenants pay all utilities, owner pays landscaping and snow removal. Both units are fully occupies and rarely have turnover. Owner has another unit he would consider selling. Turn Key Opportunity, buildings are already managed by local management company.
Listing Agent
Weichert REALTORS Signature Professionals License #475184666 Listed on: 10/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,041
Year Built
- Built in 1900
Interior Spaces
- 3-Story Property
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 9 Units
Building Details
- Insurance Expense $5,200
- Manager Expense $7,200
- Other Expense $1,380
- Operating Expense $23,080
- Gross Income $104,540
- Net Operating Income $81,460
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 | $9,314 | $113,488 | $15,246 | $98,242 |
| 2023 | $9,314 | $98,952 | $13,293 | $85,659 |
| 2022 | $9,130 | $90,342 | $15,170 | $75,172 |
| 2021 | $9,377 | $84,733 | $14,228 | $70,505 |
| 2020 | $9,588 | $83,382 | $14,001 | $69,381 |
| 2019 | $9,400 | $80,106 | $13,451 | $66,655 |
| 2018 | $9,179 | $77,390 | $12,995 | $64,395 |
| 2017 | $9,266 | $74,392 | $12,492 | $61,900 |
| 2016 | $9,164 | $72,514 | $12,177 | $60,337 |
| 2015 | -- | $68,708 | $11,538 | $57,170 |
| 2014 | -- | $110,275 | $17,164 | $93,111 |
| 2013 | -- | $115,835 | $18,029 | $97,806 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | Price Changed | $849,999 | -5.6% | -- |
| 05/05/2025 05/05/25 | Price Changed | $899,999 | -3.7% | -- |
| 10/18/2024 10/18/24 | For Sale | $935,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12190636
APN: 08-22-230-026
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