226 W Locust Street Dekalb, IL ^$ 234,000

226 W Locust Street

^$ 234,000

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226 W Locust Street

Dekalb, IL, 60115

^$ 234,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 1,460

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Multi-Family Home for sale in Dekalb, IL

for $234,000 with 2 bedrooms. This home was built in 1950.

Great investment opportunity near Downtown DeKalb and NIU! This 5-room + 1 studio, 3-bath rooming house offers strong rental income potential with the added flexibility of a house hack option-live in the private studio and rent out the remaining rooms. The property has been freshly updated with new flooring, new paint in the bathrooms, and fresh paint throughout the common areas, creating a clean and appealing environment for tenants. Ideal for investors or an owner-occupant looking for affordable living and steady cash flow. Located just minutes from Northern Illinois University, Downtown DeKalb, restaurants, shopping, bus routes, and major roads, including Annie Glidden Rd and Lincoln Hwy. Off-street parking and walkability to local amenities enhance its rental appeal. A fantastic addition to any rental portfolio-or an opportunity to live affordably while generating income.

Multi-Family Active

Price

^$ 234,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 5,886

Style

Year Built

1950

Town/City

Dekalb

County/Region

De Kalb

MLS | Web ID

12522093

Features

General

Year Built 1950

Stories Count 3

Tax Year 2023

Gross Income 35487

County DeKalb

Net Operating Income 12206

Operating Expense 23281

Insurance Expense 845

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 4895

Status Active

Directions Heading south on N 1st st turn right onto Locust st your home will be on the left side of the street.

City DeKalb

Number Of Units Total 7

MLS Area De Kalb

Tax Annual Amount 5886

Electric Expense 1913

Fuel Expense 1913

Trash Expense 997

Water Sewer Expense 997

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 35.02 X 20 X 210+ X 34.90 X 220+

* Excluded Features

List By

815 Property

Broker

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

Affordability Calculator

$1,950

Per Month

Monthly Principal & Interest: $1,460
Monthly Property Taxes: $491
Monthly Home Insurance: --

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Interest Rate

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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 ^$343,447

Percent of Sale Price 47%

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
11/21/2025	$234,000		Listed Price

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226 W Locust Street, Dekalb, IL, 60115 is a Multi-Family Home for sale at $234,000. 226 W Locust Street has 2 bedrooms, 0.0 baths, and was built in 1950. 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 12/9/2025.

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226 W Locust Street

Multi-Family Home for sale in Dekalb, IL

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