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    Property profile & analytics

    345 Augusta Ave DeKalb, IL 60115

    • Commercial real estate
    For Sale
    View listing
    $299,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-5805024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 345 Augusta Ave

    Property type
    Commercial real estate

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

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

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    Similar Nearby for Sale

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    345 Augusta Ave
    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
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