406 N 3rd St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Check out this prime 3-unit investment in Malta that offers an excellent opportunity for steady rental income! Situated on a spacious double lot under one PIN number, the building features separate entrances, utilities, and ample living space for each tenant. Recent updates to the property include a new roof and gutters (2019), newer carpet in Unit 3 (2022), updated windows, electrical service, and two new water heaters, as well as a new fridge, front door, and foundation repairs. In 2024, additional...Check out this prime 3-unit investment in Malta that offers an excellent opportunity for steady rental income! Situated on a spacious double lot under one PIN number, the building features separate entrances, utilities, and ample living space for each tenant. Recent updates to the property include a new roof and gutters (2019), newer carpet in Unit 3 (2022), updated windows, electrical service, and two new water heaters, as well as a new fridge, front door, and foundation repairs. In 2024, additional improvements were made with the replacement of the front stairs and the installation of new soffit and fascia. The property also offers plenty of off-street parking, a fenced in area for dogs, & a large backyard with plenty of privacy! This property is conveniently located near DeKalb & Northern Illinois University, making it ideal for student or faculty housing. With easy access to Route 38 and I-88, residents can quickly reach surrounding areas like Sycamore and Cortland. Additionally, it's close to the Shabbona Lake State Park, schools, healthcare centers, and has everything you need with a touch of country living! Schedule a showing today!
  1. Listed by Bryan Bartholomew • iHome Real Estate
    P: (630)-779-3963 bryan@ihomeil.com

Sold By Hayden Real Estate, Inc.

Property Details for 406 North 3rd Street

Area
Malta
Township
Malta
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas
Zoning
OTHER
LISTING UPDATED: 04/17/2025 03:33 AM

Property Details for 406 North 3rd Street

StatusClosed
MLS #12273690
Days on Market66
Taxes$3,087 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built-
Lot Size0.45 AC / 19,602 SF
CountyDeKalb County
Add your commute

Building Information for 406 North 3rd Street

Stories-Residences3Year Built-Building Size-Lot Size0.45 AC / 19,602 SF

Payment Calculator

$1,129 per month

30 year fixed, 6.15% Interest

Principal and Interest

$872

Property Taxes

$257

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 406 North 3rd Street

General Information
School Information
  • Elementary School District: 428
  • High School District: 428
  • Middle Or Junior School District: 428
Addtl Parking Information
  • Parking Details: On Site, Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 11
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Partial
  • Bedrooms Possible: 5
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 132X66X33X66X165X132
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Construction: Aluminum Siding
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 13
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 02/25
Unit 2
  • Unit Type Actual Rent: $525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 02/25
Unit 3
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 10/25

Property History for 406 North 3rd Street

DateEvent & SourcePriceAppreciation
Apr 15, 2025

Sold

MRED #12273690

$178,900
Apr 4, 2025

Sold (Public Record)

Public Record #1556135624

$179,000
Mar 26, 2025

Pending

MRED #12273690

Mar 26, 2025

Contingent

MRED #12273690

Mar 7, 2025

Price Change

MRED #12273690

$189,900
Feb 23, 2025

Price Change

MRED #12273690

$209,400
Feb 7, 2025

Price Change

MRED #12273690

$219,400
Jan 20, 2025

Listed (Active)

MRED #12273690

$219,900
Aug 5, 2019

Sold

MRED #10430318

$77,000
Jun 28, 2019

Pending

MRED #10430318

Jun 26, 2019

Listed (Active)

MRED #10430318

$86,000
Aug 31, 2017

Expired

MRED #09502622

$78,000
Feb 11, 2017

Listed (Active)

MRED #09502622

$78,000
Sep 9, 2016

Expired

MRED #09228718

$78,900
May 17, 2016

Listed (Active)

MRED #09228718

$78,900
DateEvent & SourcePrice
04/15/2025

Sold

MRED #12273690

$178,900
04/04/2025

Sold (Public Record)

Public Record #1556135624

$179,000
03/26/2025

Pending

MRED #12273690

03/26/2025

Contingent

MRED #12273690

03/07/2025

Price Change

MRED #12273690

$189,900
02/23/2025

Price Change

MRED #12273690

$209,400
02/07/2025

Price Change

MRED #12273690

$219,400
01/20/2025

Listed (Active)

MRED #12273690

$219,900
08/05/2019

Sold

MRED #10430318

$77,000
06/28/2019

Pending

MRED #10430318

06/26/2019

Listed (Active)

MRED #10430318

$86,000
08/31/2017

Expired

MRED #09502622

$78,000
02/11/2017

Listed (Active)

MRED #09502622

$78,000
09/09/2016

Expired

MRED #09228718

$78,900
05/17/2016

Listed (Active)

MRED #09228718

$78,900

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

Public Records for 406 North 3rd Street

Taxable ValueLand$17,511Additions$21,202Total$38,713
Tax Record2024$3,064 ($255 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyDEKALBAPN07-23-108-005

Schools near 406 North 3rd Street

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Malta 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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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 iHome Real Estate

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 04/17/2025 03:33 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.