131 S 7th St

DeKalb, IL 60115

$325,000
Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Investment opportunity-solid two-unit masonry building. Well Maintained solid masonry two-story, two unit property offering strong rental income potential in a desirable location. The first floor unit features a spacious one-bedroom layout with a large living room, separate parlor, kitchen and full bath. Additional amenities include basement with washer / dryer, an attached one-car garage and a fenced backyard. This unit rents for $1,400 per month. The second-floor unit offers two generous bedrooms,...Investment opportunity-solid two-unit masonry building. Well Maintained solid masonry two-story, two unit property offering strong rental income potential in a desirable location. The first floor unit features a spacious one-bedroom layout with a large living room, separate parlor, kitchen and full bath. Additional amenities include basement with washer / dryer, an attached one-car garage and a fenced backyard. This unit rents for $1,400 per month. The second-floor unit offers two generous bedrooms, a large living room, an oversized eat-in kitchen, a full bath and the convenience of an in-unit washer and dryer, and rents for $1,100 per month. Utilities are separate and tenants pay for gas and electric. The property's attractive location, functional floor plans and desirable amenities make it an excellent opportunity to own a well-maintained income producing property with long-term investment potential.
  1. Listed by Karyn Dulin • Great Western Properties
    P: (815)-751-8272 C: (815)-751-8272 karyndulin@gmail.com

Property Details for 131 South 7th Street

Area
De Kalb
Township
DeKalb
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Heat/Fuel
Natural Gas
Zoning
SINGL
LISTING UPDATED: 07/08/2026 01:43 PM

Property Details for 131 South 7th Street

StatusRe - Activated
MLS #12665866
Days on Market37
Taxes$6,229 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / Converted Residence
Year Built1905
Lot Size0.14 AC / 6,240 SF
CountyDeKalb County
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Location

Listing Courtesy of Great Western Properties
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Building Information for 131 South 7th Street

Stories-Residences2Year Built1905Building Size-Lot Size0.14 AC / 6,240 SF

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$2,139 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,620

Property Taxes

$519

HOA Dues

$0

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Property Information for 131 South 7th Street

General Information
School Information
  • Elementary School District: 428
  • High School District: 428
  • Middle Or Junior School District: 428
Addtl Parking Information
  • Parking Details: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Property Information
Interior Features
  • Num Of Rooms: 8
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Unfinished, Bath/Stubbed, Full
  • Bedrooms Possible: 3
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Exterior Features
  • Fencing: Fenced
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Size Source: County Records
  • Lot Dimensions: 65x96
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Construction: Brick
  • Foundation Details: Block
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • 3 Br Un In Bldg: No
  • Conversion: Y
  • Flood Zone: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 4
  • Document Date: 2026-06-11T20:24:27
  • Photos Count: 46
  • Habitable Residence: Yes
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $30,000.00
  • Insurance Expense: $2,800.00
  • Maintenance Expense: $700.00
  • Insurance Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Net Operating Income: $19,370.00
  • Water Sewer Expense: $900.00
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 11/26
Unit 2
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/27

Property History for 131 South 7th Street

DateEvent & SourcePriceAppreciation
Jun 13, 2026

Listed (Active)

MRED #12665866

$325,000—
Jan 11, 2012

Sold (Public Record)

Public Record #322744424

$135,000—
DateEvent & SourcePrice
06/13/2026

Listed (Active)

MRED #12665866

$325,000
01/11/2012

Sold (Public Record)

Public Record #322744424

$135,000

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

Public Records for 131 South 7th Street

Taxable ValueLand$10,163Additions$68,698Total$78,861
Tax Record2025$6,229 ($519 / month)
Home Facts
Beds0Lot Size6,240 SqFtStyleSingle Family ResidenceCountyDEKALBAPN08-23-334-010

Schools near 131 South 7th Street

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Founders Elementary School
Public - K to 5
Huntley 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

Huntley 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 131 South 7th Street, DeKalb, IL 60115

131 South 7th Street is a multi-family home for sale in DeKalb, IL 60115. This property was listed for sale on June 13, 2026 by Great Western Properties, it's currently listed at $325,000. It has been on the market for a total of 37 days and was last sold on January 11, 2012. This listing's school district is Dekalb Community Unit School District 428. Nearby schools include Founders Elementary School, Huntley Middle School and De Kalb High School. 131 South 7th Street is a 3-bed, 2-bath, multi-family home built in 1905.

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 Great Western Properties

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 07/08/2026 01:43 PM. 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.