345 Augusta Ave, DeKalb, IL 60115
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.