21-Unit Apartment
For Sale
$683,575
534 College Ave, Dekalb, IL 60115
Residential Income, Dekalb, IL
Property Size5,928 SF
Lot Size0.40 Acres
Price / SF$115.31
Days on Market49
Property Features for 534 College Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
26
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 24, Bedroom 5, Bathroom 8, Bedroom 19, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 26, Bathroom 7, Bedroom 12, Bedroom 9, Bathroom 1, Bedroom 16, Bedroom 6, Bedroom 11, Bedroom 22, Bedroom 10, Bedroom 15, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 14, Bedroom 20, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 25, Bedroom 18, Bathroom 2, Bedroom 17, Bedroom 13, Bedroom 21, Bedroom 23
Parking features
Driveway
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s), Master Downstairs
Directions
From Northern Illinois University to 533 College Ave in DeKalb: Start on West Lincoln Highway heading east through campus. Turn left (north) onto Normal Road. Continue north past the campus area toward downtown DeKalb. Turn right onto College Avenue. Continue east on College Avenue for a few blocks. 533 College Ave will be on your right-hand side near the downtown/residential area. The drive is approximately 5 minutes from the center of campus, and walking would take around 15-20 minutes depending on your starting point.
Standard status
Active
APN
0822251026
Size
5,928 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12127
Utilities
Heating system
Forced Air, Natural Gas
Water front features
Pond, Stream
Water front
1
Building Details
Year built
1900
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Cove Realty Inc.
(847) 436-3551
Listed By:
Mitchell Cohen · License #471022000
(847) 381-4753
Added: Jul 28
Changed: Sep 13
Last Checked: Sep 14 at 3:06AM
MLS# 11905820
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 21-unit apartment property contains 5,928 square feet on a 0.4-acre parcel. Constructed in 1900, the building features vinyl siding, asphalt roofing, carpet and vinyl flooring, natural-gas forced-air heat, and a mix of walk-in closets and downstairs primary bedrooms. Outdoor improvements include a patio and deck, while the site also includes a driveway and water features identified as a stream and pond.
The property is positioned one block from Northern Illinois University in DeKalb, Illinois. All 21 units are currently leased, providing an established income-producing configuration for a multifamily owner. The address is 534 College Ave, DeKalb, IL 60115.
The property is positioned one block from Northern Illinois University in DeKalb, Illinois. All 21 units are currently leased, providing an established income-producing configuration for a multifamily owner. The address is 534 College Ave, DeKalb, IL 60115.
Key Highlights
- 21‑unit apartment property with 5,928 square feet of building area
- Fully leased multifamily asset
- Located one block from Northern Illinois University
Property Analytics
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Current Use
Lease Details
21
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
996
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased property one block from Northern Illinois University, with driveway parking and patio and deck areas.
Where is this apartment building located?
The property is located at 534 College Ave Dekalb, IL.
What is the asking price?
The asking price for this property is $683,575.
What are key features of this property?
This property features: 21‑unit apartment property with 5,928 square feet of building area; Fully leased multifamily asset; Located one block from Northern Illinois University
