Search
21-Unit Apartment Building Near NIU
For Sale
$644,499

534 College Ave, Dekalb, IL 60115

Fully leased apartment property positioned one block from Northern Illinois University.

Property Size5,928 SF
Price / SF$108.72
Days on Market23

Property Features for 534 College Ave

General Information

Standard status Active
Size 5,928 SF
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Multifamily Units 21

Taxes and HOA fees

Annual Taxes $12,127

Building Details

Year Built 1900
Year Renovated 1973
Stories 2
Listing Agency: Cove Realty Inc.
Listed By: Mitchell Cohen · License #471022000
Source: Amyleerealty
Added: Jul 28 Changed: Aug 17 Last Checked: Aug 17 at 11:16PM

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 Inc.

Investment Insights

Based on property information with market context.

This 21-unit apartment building at 534 College Ave in DeKalb, Illinois, contains 5,928 square feet and was built in 1900. The property is fully leased, providing an established residential occupancy profile.

Northern Illinois University is located one block from the building, placing the property within close proximity to the university campus. The asset is offered as a multifamily property with 21 apartment units.

Key Highlights

  • 21‑unit apartment building
  • Fully leased property
  • 5,928 square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Electrical Service HVAC Service Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

996
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased apartment property positioned one block from Northern Illinois University.
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 $644,499.
What are key features of this property?
This property features: 21‑unit apartment building; Fully leased property; 5,928 square feet
More about this property
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