Seven-Unit Student Housing
For Sale
Contact for pricing
226 West Locust Street, Dekalb, IL 60115
Seven-unit student housing building near Northern Illinois University, offering a straightforward residential income configuration for investors.
Property Size2,198 SF
Price / SF$98.49
Days on Market111
Property Features for 226 West Locust Street
General Information
Standard status
Active
Size
2,198 SF
Property subtype
Multifamily
Zoning
Multi-Family Residential
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Year Built
1950
Units
7
Tenancy
Multi
Listing Agency:
Cove Realty
Listed By:
Mitchell Cohen · License #IL 471022000
(847) 436-3551
Source:
Crexi
Added: May 27
Changed: Sep 5
Last Checked: Sep 13 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cove Realty
Investment Insights
Based on property information with market context.
This is a for-sale seven-unit student housing apartment building positioned for residential income use. The offering is presented as an investor opportunity and is described as being located just steps from Northern Illinois University. The property size is listed as 2,198 square feet, with the unit count providing the primary operational framework for the building.
The address is 226 West Locust Street in DeKalb, Illinois, and the public remarks emphasize proximity to Northern Illinois University. That location context is the central practical attribute highlighted for tenant demand tied to student housing needs.
For buyers, this configuration can suit investors seeking a compact multifamily asset centered on student renters. For tenant-oriented operators, the building’s student housing designation supports leasing to a consistent resident profile tied to the nearby campus. Prospective buyers and brokers may find it useful to review current and historical rent roll details and unit-by-unit layouts during diligence, given the property is primarily described by unit count and campus adjacency.
The address is 226 West Locust Street in DeKalb, Illinois, and the public remarks emphasize proximity to Northern Illinois University. That location context is the central practical attribute highlighted for tenant demand tied to student housing needs.
For buyers, this configuration can suit investors seeking a compact multifamily asset centered on student renters. For tenant-oriented operators, the building’s student housing designation supports leasing to a consistent resident profile tied to the nearby campus. Prospective buyers and brokers may find it useful to review current and historical rent roll details and unit-by-unit layouts during diligence, given the property is primarily described by unit count and campus adjacency.
Key Highlights
- 7‑unit student housing building near Northern Illinois University
- Year built: 1950
- Residential income configuration designed for student rental demand
Property Analytics
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Current Use
Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,008
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 - Seven-unit student housing building near Northern Illinois University, offering a straightforward residential income configuration for investors.
Where is this apartment building located?
The property is located at 226 West Locust Street Dekalb, IL.
What is the asking price?
The asking price for this property is $216,492.
What are key features of this property?
This property features: 7‑unit student housing building near Northern Illinois University; Year built: 1950; Residential income configuration designed for student rental demand
