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$315,000   Price Analysis
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227 W Locust St
Dekalb, IL 60115
5 bed 3 bath unknown SqFt ($0/SqFt)

Listed 2023-10-04, Taxes $5,192
Ⓧ USDA Ineligible
due to location

near Elva

Discover the perfect addition to your investment portfolio at this well-maintained 3-flat property in the heart of DeKalb.

This property has been thoughtfully maintained with minor maintenance requirements, allowing you to enjoy a hassle-free ownership experience. With a history of dependable rental income, this 3-f lat is a stable investment, perfect for both seasoned and new investors. Situated in a convenient location, the property is close to schools, shopping, parks, NIU and public transportation, making it highly appealing.

DeKalb continues to experience strong demand for rental properties, providing a reliable pool of potential renters. With minor maintenance and a track record of profitability, this property offers an excellent opportunity to grow your investment portfolio. Take advantage of this opportunity to secure your financial future. Contact me today to schedule a viewing and explore the potental of this low-maintenance, high-yield investment property. Additional properties in MLS for consideration of package sale.


Presented by Melanie Walker at
Sycamore Office.
Listing Agent Photo

Property MLS #11901137 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 12
Basement Features: Full
Basement Description: Finished

Total Bathrooms: 3
Full Bathrooms: 3

Heating Features: Natural Gas

Lot Size Dimensions: 58X139X66X100X40

Parking Features: Off Street
Parking Total: 6

Association: No
Calculated Total Monthly Association Fees: 0

High School District: 428

Clinton Rosette Middle School is a public middle school located approximately 0.4 miles away.
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Founders Elementary School is a public elementary school located approximately 0.8 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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Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 4
Unit 1 Total Actual Rent: 650
Unit 2 Total Actual Rent: 950
Unit 3 Total Actual Rent: 925

Annual Tax Amount: 5192.32
Source Listing Status: Active
County: DeKalb
Directions: From North First Street, turn to West Locust Street. Property on the right
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 0822233009
Township: DeKalb
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$40,652 + $10,728
$51,380
$5,192
2021$38,128 + $10,062
$48,190
$5,332
2020$37,520 + $9,902
$47,422
$5,453
2019$44,757 + $9,513
$54,270
$6,368
2018$43,239 + $9,190
$52,429
$6,218
2017$41,564 + $8,834
$50,398
$6,277
2016$40,515 + $8,611
$49,126
$6,208
2015$38,388 + $8,159
$46,547
$6,188
2014$29,789 + $11,806
$41,595
$5,435
2013$31,291 + $12,401
$43,692
$5,437
2012$34,359 + $13,617
$47,976
$5,323
2011$37,745 + $14,959
$52,704
$5,198
2010$40,236 + $15,388
$55,624
$5,117
2008$42,208 + $16,142
$58,350
$4,914
2007$40,931 + $15,654
$56,585
$4,498
2006$37,829 + $12,153
$49,982
$4,058

Price Changed 2024-03-09
$315,000
MRED
Listed 2023-10-04
$255,000
MRED
Sold 2015-05-11
$200,000
Public Record
Sold 2007-05-30
$211,000
Public Record

Net Operating Income: 27598

Sewer: Public Sewer
Water Source: Public

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.