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    325 College Ave DeKalb, IL 60115

    Sponsored
    For Sale
    $319,900

    Nine-bedroom rooming house, prime location.

    Property size:
    4,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 4,300 square foot, two-story commercial property, situated on a 0.27-acre lot in DeKalb's Historic District, presents a unique investment opportunity. Currently operating as a licensed nine-bedroom rooming house, the property boasts charming original woodwork, two fireplaces, and a stunning open kitchen complete with a large island and multiple pantries. Three bathrooms cater to residents, while common areas are thoughtfully distributed across the basement, first, and second floors. A spacious family room features beautiful leaded glass windows, complementing the large dining and living rooms. Upstairs, a sun deck offers outdoor space. The basement includes laundry facilities for convenience. All rooms are described as large and sunny. A detached two-car brick garage provides ample parking. The building is well-maintained and enjoys a highly desirable location within walking distance of the Northern Illinois University campus, ensuring strong rental demand. This property offers significant potential for continued operation as a rooming house or for adaptive reuse given its size, location, and historical character. The asking price is $319,900.

    Property Features for 325 College Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,300 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1900
    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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    DeKalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.75574
    Latitude
    41.93367

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    FAQs

    What type of property is this?
    Commercial real estate - Nine-bedroom rooming house, prime location.
    Where is this commercial real estate located?
    The property is located at 325 College Ave DeKalb, IL.
    What is the asking price?
    The asking price for this property is $319,900.
    (224) 999-9100
    Request Owner's contact information
    325 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
    325 College Ave DeKalb, IL 60115
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