Student Housing Apartment
New
For Sale
$217,499
226 W Locust St, Dekalb, IL 60115
MULTI_FAMILY - Dekalb, IL
Property Size2,198 SF
Lot Size0.22 Acres
Price / SF$98.95
Days on Market3
Property Features for 226 W Locust St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 2
Patio and Porch features
Patio, Deck
Directions
Proceed west on Locust Ave, directly east of NIU, until you hit the Subject Property.
Standard status
Active
APN
0822278005
Size
2,198 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6203
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1950
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Cove Realty Inc.
(847) 436-3551
Listed By:
Mitchell Cohen · License #471022000
(847) 436-3551
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 2:06PM
MLS# 11906221
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily apartment building is offered for sale as a seven-unit student housing investment. The property totals 2,198 square feet and sits on a 0.22-acre lot.
Public remarks indicate the building is located just steps from Northern Illinois University, positioning it to serve student rental demand.
The offering is described as a turnkey-style income-producing asset intended for immediate rental performance, with the long-term upside referenced in the seller’s remarks.
Public remarks indicate the building is located just steps from Northern Illinois University, positioning it to serve student rental demand.
The offering is described as a turnkey-style income-producing asset intended for immediate rental performance, with the long-term upside referenced in the seller’s remarks.
Key Highlights
- 7‑unit student housing property near Northern Illinois University
- Built in 1950
- Heating includes forced air and natural gas
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit student housing property offered for sale in DeKalb, IL, near Northern Illinois University.
Where is this apartment building located?
The property is located at 226 W Locust St Dekalb, IL.
What is the asking price?
The asking price for this property is $217,499.
What are key features of this property?
This property features: 7‑unit student housing property near Northern Illinois University; Built in 1950; Heating includes forced air and natural gas
