217 S 3rd St

DeKalb, IL 60115

$279,000
Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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a view of a white house with a yard
a view of a hallway with a elevator
a room with windows
a view of an empty room with a window
a view of a room with storage and utility
a view of livingroom with an empty space and a window
a bathroom with a sink and a mirror
a bathroom with a sink and a mirror
a bathroom with a sink a toilet and shower
a bathroom with a sink and bathtub
a kitchen with stainless steel appliances a stove a sink and a refrigerator
a kitchen with a refrigerator sink and stove
a bathroom with a sink toilet and shower
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of a hallway with wooden shelves
a view of a dining room with furniture
a front view of a building with a yard and car parked
a view of an empty room with wooden walls
a view of entryway with a small yard

Description

Located in the heart of DeKalb's Central Business District, this spacious mixed-use building offers exceptional flexibility. The main level is currently set up as a professional office, formerly a dental practice, and is ideal for a new business or for conversion into a comfortable first-floor apartment for owner-occupancy. Three additional apartments are already in place: a main-level one-bedroom, plus an efficiency and another one-bedroom on the second floor. This setup provides an excellent opportunity...Located in the heart of DeKalb's Central Business District, this spacious mixed-use building offers exceptional flexibility. The main level is currently set up as a professional office, formerly a dental practice, and is ideal for a new business or for conversion into a comfortable first-floor apartment for owner-occupancy. Three additional apartments are already in place: a main-level one-bedroom, plus an efficiency and another one-bedroom on the second floor. This setup provides an excellent opportunity for an owner-occupant to live on the main level while rental income from the existing tenants helps offset monthly mortgage payments. A walk-up attic and full basement with laundry hookups offer generous storage options. Outside, you'll find ample parking, a one-car attached garage, and heated exterior steps and ramp for easy winter access. With leases secured through June 2026 and a roof installed in 2013, this property is ready for its next chapter. Photos of the apartment are vacant photos of the first-floor apartment. It is now occupied. Current rents are well below market value. Whether you're looking to create your own residence while generating income, expand your investment portfolio, or have your own business and collect rent to help with your new venture, this location, close to downtown DeKalb, NIU, schools, shopping, and interstate access, offers outstanding potential.
  1. Listed by Maria Pena-Graham • Coldwell Banker Real Estate Group
    P: (815)-757-3529 penagraham@gmail.com

Property Details for 217 South 3rd Street

Area
De Kalb
Township
DeKalb
Air Conditioning Type
Central Air, Window Unit(s)
Num of Interior Fireplaces
0
Zoning
COMMR
LISTING UPDATED: 04/27/2026 07:26 AM

Property Details for 217 South 3rd Street

StatusActive
MLS #12621092
Days on Market25
Taxes$6,824 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale
Year Built1944
Lot Size0.19 AC / 8,279 SF
CountyDeKalb County
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Location

Listing Courtesy of Coldwell Banker Real Estate Group
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Building Information for 217 South 3rd Street

Stories3Residences4Year Built1944Lot Size0.19 AC / 8,279 SF

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$1,974 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,405

Property Taxes

$569

HOA Dues

$0

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Property Information for 217 South 3rd Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 6-12 Spaces
Owner
  • Owner Pays: Snow Removal, Common Area Maintenance, Insurance, Taxes, Repairs
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Far West
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Flooring: Wood
  • # Of Washers: 0
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • # Of Window/Ac: 3
  • # Of Refrigerators: 3
  • Washer/Dryer Lsd: No
  • Misc Inside: Basement,Laundry Room
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
  • Misc Outside: Storms and Screens (as exist)
Utilities / Equipment
  • Sewer: Storm Sewer
  • Water: Community Water, Municipal Water
  • Utilities: Electric to Site, Natural Gas Available
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: All Utilities
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50x165.57
  • Lot Size Square Feet: 8279.0
  • Stories: 3
  • Exterior Building Type: Wood, Stucco
  • Construction: Wood, Stucco
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Pitched,Truss
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 2460
  • # Of Offices: 1
  • Office SqFt: 700
  • Retail SqFt: 700
  • # Of Ranges: 3
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Office, Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2026-04-16T21:06:41
  • Photos Count: 20
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $100.00
  • Fuel Expense: $2,261.00
  • Gross Income: $21,600.00
  • Gross Scheduled Income: $21,600.00
  • Insurance Expense: $3,000.00
  • Other Expense Source: Broker Projection
  • Total Monthly Income: 1800
  • Other Expense: $500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $740.00

Property History for 217 South 3rd Street

DateEvent & SourcePriceAppreciation
Apr 16, 2026

Listed (Active)

MRED #12621092

$279,000—
DateEvent & SourcePrice
04/16/2026

Listed (Active)

MRED #12621092

$279,000

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

Public Records for 217 South 3rd Street

Taxable ValueLand$9,594Additions$84,206Total$93,800
Tax Record2025$6,824 ($569 / month)
Home Facts
Beds0Lot Size8,280 SqFtStyleSingle Family ResidenceCountyDEKALBAPN08-23-303-008

Schools near 217 South 3rd Street

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Huntley Middle School
Public - 6 to 8
De Kalb High School
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Huntley Middle School
Public6 to 8

De Kalb High School
Public9 to 12

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 217 South 3rd Street, DeKalb, IL 60115

217 South 3rd Street is a mixed use property for sale in DeKalb, IL 60115. This property was listed for sale on April 16, 2026 by Coldwell Banker Real Estate Group, it's currently listed at $279,000. This listing's school district is Dekalb Community Unit School District 428. Nearby schools include Lincoln Elementary School, Huntley Middle School and De Kalb High School. 217 South 3rd Street is a 0-bed, 0-bath, mixed use property built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Group

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 04/27/2026 07:26 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.