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    528 College Ave Dekalb, IL 60115

    New
    For Sale
    $639,900

    Commercial Sale - DeKalb, IL

    Days on Market:
    6
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 528 College Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    0822251004

    Building Details

    Number of units
    8
    Architectural style
    Other

    Spirit Realty DBA Signature Real Estate Professionals (815) 739-1275 [email protected]

    Listing agent Carrie Ottum (815) 754-5050 License #471001655

    Listing date Dec 1, 2025

    MLS# 12526149 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    DeKalb Multifamily Investment Opportunity

    This is an 8-unit complex offering a turn-key investment opportunity. The property is located close to campus and rarely has vacancies. It features four 2-bedroom units and four 1-bedroom units. On-site amenities include laundry facilities and parking, with coin-operated laundry units and parking spots available for each tenant. Tenants are responsible for all utilities, with electric and water separately metered. The property is fully occupied. A driveway was redone in 2023. The property is well-maintained, with miscellaneous updates completed upon turnovers. Rents range from $725 to $850.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.759901
    Latitude
    41.933345

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    FAQs

    What type of property is this?
    Apartment building - Turn-key, fully occupied 8-unit complex near campus.
    Where is this apartment building located?
    The property is located at 528 College Ave Dekalb, IL.
    What is the asking price?
    The asking price for this property is $639,900.
    What are key features of this property?
    This property features: - Fully occupied 8-unit complex near campus.; - Turn-key investment opportunity with rents ranging from $725-$850.; - Tenants pay all utilities; electric and water separately metered.
    (815) 754-5050
    Request Owner's contact information
    528 College Ave Dekalb, IL 60115
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    Dekalb, IL 60115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    528 College Ave Dekalb, IL 60115
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