Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    345 Augusta Ave DeKalb, IL 60115

    Sponsored
    For Sale
    $299,000

    Nine-Bedroom Rooming House Near NIU

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity presents a nine-bedroom, three-bathroom rooming house ideally situated just blocks from Northern Illinois University's campus in DeKalb, Illinois. Its prime location offers immediate appeal to students, ensuring high occupancy rates. The property has recently undergone significant improvements, including a brand-new kitchen fully equipped with modern appliances and updated flooring throughout. A fresh coat of paint brightens the interior, and several replacement windows have been installed to enhance energy efficiency. The roof is approximately four years old, providing peace of mind for years to come. Ample parking is available, accommodating 13 to 18 vehicles. Currently licensed as a rooming house, this property is move-in ready and poised for immediate rental income. The property is located within a historic DeKalb district, adding to its unique charm and potential for appreciation. This is a turnkey investment, perfect for those seeking a strong return on investment in a high-demand student housing market. The owner has vacated the premises to facilitate the recent renovations, ensuring a smooth transition for the new owner. Don't miss this chance to acquire a well-maintained, high-yield property in a thriving college town. The asking price is $299,000.

    Property Features for 345 Augusta Ave

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    DeKalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.75847
    Latitude
    41.93496

    Nearby Similar for Sale

    • $299,000
      0.48 Acres

      Downtown DeKalb Five-Story Office Building

      Five-story office building in downtown DeKalb with on-site parking.
      155 N 3Rd St, Dekalb, IL 60115
      View Details
    • $975,000
      1.84 Acres

      DeKalb Industrial Property For Sale

      Industrial property with heavy zoning, convenient location, and ample power.
      121 Industrial Dr, Dekalb, IL 60115
      View Details
    • New
      $229,000
      0.06 Acres

      DeKalb Commercial Building For Sale

      Commercial building in downtown DeKalb, ideal for owner-user or investment.
      129 E Locust St, Dekalb, IL 60115
      View Details
    • $1,150,000
      1.57 Acres

      DeKalb Restaurant/Retail Building For Sale

      Restaurant/retail building near Northern Illinois University available for purchase.
      131 N Annie Glidden Rd, Dekalb, IL 60115
      View Details
    • $1,100,000
      3.00 Acres

      Fenced Commercial Site with Buildings

      Three-acre fenced site with three buildings, ready for occupancy.
      320 W Lincoln Hwy, Cortland, IL 60112
      View Details
    • $135,000

      DeKalb Income Property Opportunity

      Versatile two-unit property in a desirable DeKalb location.
      720 N 9Th St, Dekalb, IL 60115
      View Details
    • $429,900

      Cortland Duplex: Investment Opportunity

      Well-maintained duplex in Cortland with immediate rental income potential.
      192 S Joslyn St, Cortland, IL 60112
      View Details
    • $639,900

      DeKalb Multifamily Investment Opportunity

      Turn-key 8-unit complex near campus in DeKalb, Illinois.
      528 College Ave, Dekalb, IL 60115
      View Details
    • $149,000
      0.26 Acres

      DeKalb Two-Unit Investment Opportunity

      Two-unit property near NIU and downtown DeKalb with income potential.
      959 N 12Th St, Dekalb, IL 60115
      View Details
    • $225,000
      0.06 Acres

      DeKalb Storefront with Renovation Potential

      Storefront in downtown DeKalb with apartments and renovation potential.
      157 E Lincoln Hwy, Dekalb, IL 60115
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space Near University Campus

      Retail property near downtown DeKalb and Northern Illinois University.
      1029 Pleasant St, Dekalb, IL 60115
      View Details
    • $749,900
      Pending

      DeKalb Golf Course Opportunity

      Almost 50 acres with a clubhouse and income-producing units.
      6236 Il. Rte 38 Hwy, Dekalb, IL 60115
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Nine-Bedroom Rooming House Near NIU
    Where is this commercial real estate located?
    The property is located at 345 Augusta Ave DeKalb, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    (815) 756-1691
    Request Owner's contact information
    345 Augusta Ave DeKalb, IL 60115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    345 Augusta Ave
    DeKalb, IL 60115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    345 Augusta Ave DeKalb, IL 60115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.