226 W Locust St

DeKalb, IL 60115

$216,492
Price
9,583 / 0.22
Lot Size / Acres
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Description

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...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.
  1. Listed by Mitchell Cohen • Cove Realty Inc
    P: (847)-381-4753 mitch@covesrealty.com;mitch@covesrealty.com

Property Details for 226 West Locust Street

Area
Balance of DeKalb County
Township
DeKalb
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 06/23/2026 11:06 AM

Property Details for 226 West Locust Street

StatusActive
MLS #12658956
Days on Market1
Taxes$6,203 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.22 AC
CountyDeKalb County
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Location

Listing Courtesy of Cove Realty Inc
Add your commute

Building Information for 226 West Locust Street

Lot Size0.22 AC

Payment Calculator

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$1,596 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,079

Property Taxes

$517

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 226 West Locust Street

General Information
Location and General Information
  • Frontage Length: 66
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Utilities: Electricity Nearby, Natural Gas Available
Property/Lot Information
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 66 ft 145 ft
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 40
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Multi-Family
  • Road Surface: Concrete
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 226 West Locust Street

DateEvent & SourcePriceAppreciation
Nov 4, 2021

Sold (Public Record)

Public Record #1476351590

$155,000—
DateEvent & SourcePrice
11/04/2021

Sold (Public Record)

Public Record #1476351590

$155,000

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

Public Records for 226 West Locust Street

Taxable ValueLand$9,842Additions$68,690Total$78,532
Tax Record2025$6,203 ($517 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyDEKALBAPN08-22-278-005

Schools near 226 West Locust 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 226 West Locust Street, DeKalb, IL 60115

226 West Locust Street is a 0.22 ac of land 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. 226 West Locust Street is a 0-bed, 0-bath, 0.22 ac of land on a 9,583 sq. ft. / 0.22 acres lot.

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 Cove Realty Inc

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 06/23/2026 11:06 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.