532 - 534 College Avenue Dekalb, IL ^$ 680,000

532 - 534 College Avenue

^$ 680,000

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532 - 534 College Avenue

Dekalb, IL, 60115

^$ 680,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 4,242

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Multi-Family Home for sale in Dekalb, IL

for $680,000 with 3 bedrooms. This home was built in 1900.

Turnkey investment steps from campus life and downtown amenities! This well-located property at 532-534 College Ave comprises a 16+-unit rooming house plus two 1-bedroom apartments and one 2-bedroom apartment-a flexible mix ideal for steady cash flow with room to grow. The address puts residents near Northern Illinois University, downtown DeKalb, Lincoln Hwy dining/retail, parks, and transit.

Multi-Family Active

Price

^$ 680,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 11,169

Style

Year Built

1900

Town/City

Dekalb

County/Region

De Kalb

MLS | Web ID

12511643

Features

General

Zoning MULTI

Year Built 1900

Tenant Pays None

Stories Count 2

Township DeKalb

Tax Year 2024

Gross Income 77040

County DeKalb

Net Operating Income 53766

Operating Expense 37831

Insurance Expense 4242

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 13054

Status Active

Directions 1st Street To Locust To College to unit

City DeKalb

Number Of Units Total 19

MLS Area De Kalb

Tax Annual Amount 11169.2

Electric Expense 2355

Fuel Expense 2500

Trash Expense 1320

Water Sewer Expense 2732

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 40X285X80X15040145

* Excluded Features

List By

815 Property

Broker

Cindyheinrichre@gmail.com;management@815property.com

Affordability Calculator

$5,173

Per Month

Monthly Principal & Interest: $4,242
Monthly Property Taxes: $931
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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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Nearby

Trends
Schools

Multi-family listings in Dekalb, IL

Average List Price ^$339,100

Percent of Sale Price 50%

About Dekalb, IL

41,963 Population

9% Since 2002

^$42,097 Median Income

24.69 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/5/2025	$680,000		Listed Price

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532 - 534 College Avenue, Dekalb, IL, 60115 is a Multi-Family Home for sale at $680,000. 532 - 534 College Avenue has 3 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 60115 which is in Dekalb, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/11/2025.

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532 - 534 College Avenue

Multi-Family Home for sale in Dekalb, IL

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