323 S 5th Street
Dekalb, IL, 60115 $ 250,000
Bedrooms-- Baths-- Sq 2,044 Monthly Estimate*
$ 1,727
for $250,000. This 2,044 square foot building was built in 2003 on a lot size of 0.194766.
UNIQUE LIVE/WORK, INVESTMENT & MULTIGENERATIONAL OPPORTUNITY - RC1 ZONING! Looking for a property that offers flexibility, income potential, and the ability to combine business and residential living? This one-of-a-kind property is worth a look! Beautifully situated on a charming brick-lined street, this custom-built property, constructed in 2003, offers approximately 2,044 square feet of versatile space and features a maintenance-free exterior for added convenience and easy upkeep. The main office space features a large welcoming entry, five private offices, kitchenette, 1.5 baths, and a full basement offering additional storage or usable space. Approximately two-thirds of the building, consisting of the office space, is built over a full foundation and is equipped with central air conditioning. The front one-third of the building, which includes the office entry and efficiency apartment, is built on a slab. The office entry and efficiency apartment are cooled by window air-conditioning units. The flexible layout provides opportunities for professional office use, organizational space, or future reconfiguration. A separate efficiency apartment adds even more versatility. The apartment features an open-concept living area with bedroom area, kitchenette with stove and refrigerator, washer and dryer, and a full bathroom. The apartment could potentially provide additional rental income, private living quarters, guest accommodations, or convenient on-site housing. Both units are currently unoccupied, and there is no rental history for the property. Buyers should conduct their own due diligence regarding potential rental use, zoning, licensing, and income potential. Parking is a standout feature, with designated parking for three vehicles in the front and three vehicles in the rear, plus additional off-street parking. This provides convenient parking options for residents, clients, employees, or guests. The property is currently zoned RC1 (Residential Conservation). With proper municipal approval, the property could potentially be rezoned and reconfigured as a duplex, creating another intriguing opportunity for an owner-occupant, investor, or multigenerational living arrangement. Any rezoning, conversion, occupancy, or proposed use is subject to approval by the appropriate municipal authorities and applicable zoning, building, and code requirements. Buyers are encouraged to verify all potential uses and requirements with the municipality. Whether you're looking to operate a business while living on-site, explore future rental opportunities, create a multigenerational living arrangement, or reconfigure the property for another use, this property offers flexibility that is hard to find. Bring your vision and explore the possibilities! Beautifully positioned on a brick-lined street with a maintenance-free exterior, dedicated parking, two distinct spaces, a combination of slab and full-foundation construction, and a flexible interior layout, this distinctive property offers a unique opportunity to create something tailored to your needs.
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FeaturesGeneralCooling Central Air Window Unit(s)
Roof Composition
Construction Materials Wood Vinyl Siding
Year Built 2003
Electric Circuit Breakers
Stories Count 1
Property Subtype Mixed Use
Tax Year 2025
Gross Income 0
County DeKalb
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Driving West on Lincoln Highway to S. 5th Street- turn left to property. Please PARK IN FRONT on S. 5th Street.
City DeKalb
Number Of Units Total 2
MLS Area De Kalb
Lot Size Square Feet 8484
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 2044
Lot Dimensions 50x78x10x80x49.5x156
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* Excluded FeaturesList ByElm Street RealtorsBroker
elmstreetrealtors@gmail.com; ElmStreetRealtors@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,727
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Dekalb, IL
Average List Price $497,129
Percent of Sale Price 99%
About Dekalb, IL 41,963 Population
9% Since 2002
$ 42,097 Median Income
24.69 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $250,000 | | Listed Price |