116 N 9th St

DeKalb, IL 60115

$649,900
Price
7
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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a view of a house with a yard
a living room with furniture and a wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink dishwasher and a refrigerator with wooden floor
a bed room with a bed and a couch
a living room with furniture and a wooden floor
a bedroom with a bed and wooden floor
a bedroom with a bed and a chandelier
a living room with furniture and a wooden floor
a kitchen with granite countertop a refrigerator a stove a sink dishwasher and white cabinets with wooden floor
a living room with furniture a rug and a window
a kitchen with granite countertop white cabinets and white appliances
a bathroom with a sink a toilet a tub and shower
a view of a hallway with wooden floor and staircase
a living room with furniture and a rug
a living room with furniture and a wooden floor
a kitchen with stainless steel appliances granite countertop a stove a refrigerator and a microwave
a living room with furniture and wooden floor
a bed room with a bed and a lamp
a kitchen with stainless steel appliances granite countertop a stove a refrigerator and a sink

Description

High Yield 6 Unit Multifamily Investment - DeKalb, IL. Rare 6unit multifamily opportunity in the thriving DeKalb rental market, offering investors exceptional return potential depending on the chosen mix of annual leases and short term rental strategies. With a deep tenant pool driven by Northern Illinois University, Northwestern Medicine Kishwaukee Hospital, Meta's DeKalb Data Center, 3M, Ferrara Candy and a growing logistics and manufacturing corridor, this property sits in a location where demand...High Yield 6 Unit Multifamily Investment - DeKalb, IL. Rare 6unit multifamily opportunity in the thriving DeKalb rental market, offering investors exceptional return potential depending on the chosen mix of annual leases and short term rental strategies. With a deep tenant pool driven by Northern Illinois University, Northwestern Medicine Kishwaukee Hospital, Meta's DeKalb Data Center, 3M, Ferrara Candy and a growing logistics and manufacturing corridor, this property sits in a location where demand is both diverse and resilient. The building features maintenance free vinyl siding, tenant paid utilities, and coin operated laundry, keeping operating expenses low and predictable. Four of the six units have been recently updated with modern flooring, fresh paint, and new kitchens and bathrooms-allowing immediate rent optimization. Key value add components remain in the unfinished studio unit as well as simple rent increases in remaining units offering the next owner the chance to add additional income quickly. The current owner, a contractor, is open to negotiations to build out the remaining unit, giving buyers flexibility to tailor the space for long term, midterm, or short term rental use. DeKalb has a proven short-term rental market, supported by visiting faculty, traveling nurses, contractors, and event driven tourism. Recent leases demonstrate strong occupancy and premium short term rental rates, making this property ideal for investors seeking hybrid income strategies. This is a turnkey, cash flowing asset with clear upside-perfect for investors looking to expand in a stable, high demand Midwest market.
  1. Listed by Robert Jaeger • eXp Realty
    P: (630)-401-3626 C: (630)-401-3626 homeprosbob@gmail.com

Property Details for 116 North 9th Street

Area
De Kalb
Air Conditioning Type
Window Unit(s)
LISTING UPDATED: 05/22/2026 12:06 AM

Property Details for 116 North 9th Street

StatusActive
MLS #12645215
Days on Market1
Taxes$8,399 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1960
Lot Size0.12 AC / 5,227 SF
CountyDeKalb County
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Location

Listing Courtesy of eXp Realty
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Building Information for 116 North 9th Street

Stories2Residences6Year Built1960Building Size-Lot Size0.12 AC / 5,227 SF

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$3,938 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,239

Property Taxes

$700

HOA Dues

$0

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Property Information for 116 North 9th Street

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Heat/Ventilation: Electric,Hot Water
  • Num of Baths: 6.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 43.5x120
  • Stories: 2
  • Exterior Building Type: Wood
  • Construction: Wood
Property and Assessments
  • Documents Available: Backup Package
  • Public Document Count: 0
  • Photos Count: 20
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $87,840.00
  • Gross Scheduled Income: $87,840.00
  • Insurance Expense: $4,500.00
  • Maintenance Expense: $4,182.00
  • Electric Expense Source: Combination
  • Expense Year: 2026
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Combination
  • Total Monthly Income: 7320
  • Water Expense Source: Combination
  • Net Operating Income: $64,754.00
  • Operating Expense: $22,377.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 116 North 9th Street

DateEvent & SourcePriceAppreciation
Jul 25, 2025

Sold (Public Record)

Public Record #1907526152

$280,000

+0.3% / yr

Nov 15, 2021

Sold (Public Record)

Public Record #1477661635

$277,000

+0.4% / yr

Dec 30, 2011

Sold (Public Record)

Public Record #322123452

$265,000

+0.5% / yr

DateEvent & SourcePrice
07/25/2025

Sold (Public Record)

Public Record #1907526152

$280,000

+0.3% / yr

11/15/2021

Sold (Public Record)

Public Record #1477661635

$277,000

+0.4% / yr

12/30/2011

Sold (Public Record)

Public Record #322123452

$265,000

+0.5% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 116 North 9th Street

Taxable ValueLand$13,878Additions$101,572Total$115,450
Tax Record2025$9,120 ($760 / month)
Home Facts
Lot Size5,220 SqFtStyleMiscellaneous CommercialCountyDEKALBAPN08-23-405-003

Schools near 116 North 9th Street

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Founders Elementary School
Public - K to 5
Clinton Rosette Middle School
Public - 6 to 8
De Kalb High School
Public - 9 to 12
Beyond One Barb Transition Center
Public - 12
Rating
School
Distance
Founders Elementary School
PublicK to 5

Clinton Rosette Middle School
Public6 to 8

De Kalb High School
Public9 to 12

Beyond One Barb Transition Center
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 116 North 9th Street, DeKalb, IL 60115

116 North 9th Street is a multi-family home for sale in DeKalb, IL 60115. This listing's school district is Dekalb Community Unit School District 428. Nearby schools include Founders Elementary School, Clinton Rosette Middle School and De Kalb High School. 116 North 9th Street is a 7-bed, 6-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/22/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.