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$349,000   Price Analysis
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305 College Ave
Dekalb, IL 60115
Unknown bed None bath unknown SqFt ($0/SqFt)
Built 1903
Listed 2023-12-27, Taxes $7,223
Ⓧ USDA Ineligible
due to location

near Elva

Welcome to a prime investment opportunity that offers both stability and comfort.

This vast rooming house boasts 11 units, each meticulously maintained and thoughtfully updated, making it an ideal addition to your investment portfolio. With 2 brand new furnaces (2023) ensuring efficient heating, fresh paint giving the property a rejuvenated look and a new deck for added outdoor enjoyment, this rooming house is move-in ready for both you and your tenants. Each unit is well-appointed, providing tenants with comfortable living spaces that are highly attractive to renters.

Historically, the property has experienced low vacancy rates, a testament to its appeal in the market. Rooming houses remain a sought-after housing option and this property's updates ensure it meets the demands of modern r enters. Seize the opportunity to add this turnkey rooming house to your investment portfolio. Schedule a viewing and discover the potentil of this updated and income-generating property. Additional properties in MLS for consideration of package sale.


Presented by Melanie Walker at
Sycamore Office.
Listing Agent Photo

Property MLS #11901218 from MRED

Cooling Features: Central Air

Basement Description: Partially Finished

Lot Size Dimensions: 80X165X80X165

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 11
Bedrooms in Unit-1: 1
Total Rooms in Unit-1: 11

Annual Tax Amount: 7224.00
Source Listing Status: Active
County: DeKalb
Directions: From North First Street, turn on West Locust Street, to Linden then College Ave. Parking lot rear of building.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 0822231012
Township: DeKalb
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$58,471 + $13,010
$71,481
$7,223
2021$54,841 + $12,202
$67,043
$7,419
2020$53,967 + $12,007
$65,974
$7,586
2019$51,846 + $11,535
$63,381
$7,437
2018$50,088 + $11,144
$61,232
$7,262
2017$48,148 + $10,712
$58,860
$7,331
2016$46,932 + $10,442
$57,374
$7,250
2015$44,468 + $9,894
$54,362
$7,227
2014$36,076 + $14,316
$50,392
$6,584
2013$37,895 + $15,038
$52,933
$6,588
2012$41,611 + $16,513
$58,124
$6,449
2011$45,711 + $18,140
$63,851
$6,297
2010$48,729 + $18,661
$67,390
$6,200
2008$51,116 + $19,575
$70,691
$5,953
2007$49,569 + $18,983
$68,552
$5,449
2006$48,102 + $14,737
$62,839
$5,102

Listing removed 2024-04-15
$0
AppfolioUnits
Listing removed 2024-04-15
$0
AppfolioUnits
Listing removed 2024-04-15
$0
AppfolioUnits
Listing removed 2024-04-15
$0
AppfolioUnits
Listed 2023-12-27
$349,000
MRED
Listing removed 2023-11-20
$0
AppfolioUnits
Listed for rent 2023-10-27
$500
AppfolioUnits
Listed for rent 2023-10-27
$380
AppfolioUnits
Listed for rent 2023-09-10
$400
AppfolioUnits
Listed for rent 2023-09-10
$425
AppfolioUnits
Listed for rent 2023-09-10
$500
AppfolioUnits
Listing removed 2023-06-03
$0
AppfolioUnits
Price Changed for rent 2023-05-11
$425
AppfolioUnits
Listed for rent 2023-04-26
$400
AppfolioUnits
Listing removed 2023-03-31
$0
Zumper
Listing removed 2023-03-31
$0
AppfolioUnits
Listed for rent 2023-03-19
$380
AppfolioUnits
Listing removed 2023-03-18
$0
AppfolioUnits
Listed for rent 2023-03-09
$380
Zumper
Listed for rent 2023-03-08
$380
AppfolioUnits
Sold 2010-02-01
$222,000
Public Record
Listing removed 2009-10-20
$239,000
Dekalb
Relisted 2009-09-17
$249,000
Dekalb
Listing removed 2009-09-16
$249,000
Dekalb
Listed 2009-06-24
$249,000
Dekalb
Sold 2006-09-19
$188,000
Public Record
Sold 2002-05-03
$150,000
Public Record
Sold 1994-08-16
$129,000
Public Record

Net Operating Income: 34316

Year Built: 1903
Property Age: 121
Levels or Stories: 3

Clinton Rosette Middle School is a public middle school located approximately 0.4 miles away.
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Littlejohn Elementary School is a public elementary school located approximately 0.9 miles away.
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De Kalb High School is a public high school located approximately 1.5 miles away.
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International Montessori Academy is a private elementary school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.