226 W Locust Street Dekalb, IL ^$ 216,492

226 W Locust Street

^$ 216,492

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Recently Listed

226 W Locust Street

Dekalb, IL, 60115

^$ 216,492

Studio Baths0.0

Monthly Estimate*

^$ 1,333

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Studio

Lots and Land for sale in Dekalb, IL

for $216,492. The lot size is 0.22.

Exceptional 7-unit Student Housing Investment opportunity located just steps from Northern Illinois University. This is a rare chance to acquire a high-performing, income-producing asset in one of the area's most consistently in-demand rental markets. Strategically positioned near campus, the property benefits from strong student rental demand, attractive cash flow potential, and long-term investment stability. Whether you are looking to expand your portfolio or secure a turnkey multifamily asset in a proven location, this property presents an outstanding opportunity for both immediate income and future appreciation.

Lots and Land Active

Price

^$ 216,492

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 6,203

Style

Multi-Family

Lot Size

0.22

Town/City

Dekalb

County/Region

De Kalb

MLS | Web ID

12658956

Features

General

Utilities Electricity Nearby Natural Gas Available

Possession Closing

Township DeKalb

Tax Year 2025

Current Use Multi-Family

Ownership Fee Simple

County DeKalb

Property Type Land Land

Status New

Directions Proceed west on Locust Ave until you hit the Subject Property.

City DeKalb

MLS Area Balance of DeKalb County

Tax Annual Amount 6203.36

Standard Status Active

Exterior

Total Parking 0

Lot Dimensions 66 ft 145 ft

Lot Size Acres 0.22

Road Surface Type Concrete

Frontage Length 66

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Cove Realty Inc

Broker

mitch@covesrealty.com;mitch@covesrealty.com

Affordability Calculator

$1,850

Per Month

Monthly Principal & Interest: $1,333
Monthly Property Taxes: $517
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Lots and land listings in Dekalb, IL

Average List Price ^$128,071

Percent of Sale Price 41%

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
5/27/2026	$216,492		Listed Price

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226 W Locust Street, Dekalb, IL, 60115 is a Lots and Land for sale at $216,492 with a lot size of 0.22. 226 W Locust Street is a studio with 0.0 baths. 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 6.25% 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 6/1/2026.

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226 W Locust Street

Lots and Land for sale in Dekalb, IL

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