305 College Avenue Dekalb, IL $ 349,000
305 College Avenue
$ 349,000
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305 College Avenue

Dekalb, IL, 60115
$ 349,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 2,438

305 College Avenue, Dekalb, IL 60115 - Image 1
305 College Avenue, Dekalb, IL 60115 - Image 2

Multi-Family Home for sale in Dekalb, IL

for $349,000 with 1 bedroom. This home was built in 1903.

Welcome to a prime investment opportunity that offers both stability and comfort. This spacious 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 renters. Seize the opportunity to add this turnkey rooming house to your investment portfolio. Schedule a viewing and discover the potential of this updated and income-generating property. Additional properties in MLS for consideration of package sale.

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Multi-Family Contingent

Price

$ 349,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 7,224

Style

Year Built

1903

Town/City

Dekalb

County/Region

De Kalb

MLS | Web ID

11901218

Features
General
Cooling Central Air
Possession Closing
Zoning MULTI
Year Built 1903
Tenant Pays None
Stories 3
Township DeKalb
Tax Year 2022
Gross Income 57000
County De Kalb
Net Operating Income 34316
Operating Expense 16060
Insurance Expense 916
Property Type Commercial Sale Multi Family 5+
Contingency Other Contingency
Status Contingent
Directions From North First Street turn on West Locust Street to Linden then College Ave. Parking lot rear of building.
City DeKalb
Total Units 11
MLS Area De Kalb
Street Name College
Tax Annual Amount 7224
Electric Expense 4707
Fuel Expense 4221
Trash Expense 1122
Water Sewer Expense 1122
Additional Parcels Y/N N
Days on Market 157
Standard Status Active Under Contract
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Exterior
Lot Dimensions 80X165X80X165
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Interior
Street Suffix Avenue
Basement Partially Finished
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* Excluded Features
List By
Coldwell Banker Real Estate Group

Broker

melaniewalkerhomes@gmail.com

Email

Affordability Calculator

$3,040
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,438
Monthly Property Taxes
$602
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/4/2023$349,000 Listed Price

Map


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305 College Avenue, Dekalb, IL, 60115 is a Multi-Family Home for sale at $349,000. 305 College Avenue has 1 bedrooms, 0.0 baths, and was built in 1903. The property's zip code is 60115 which is in Dekalb, IL