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501 College Avenue

Dekalb, IL 60115
  • $935,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 12190636
UPDATED: 155 min ago
$935,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Investment Opportunity with these well maintained multi units next to NIU campus. 2 units that must be sold together, under one parcel. 501: 6 unit with laundry and parking. 503: recently rehabbed, 3 unit with laundry and parking. Tenants pay all utilities, owner pays landscaping and snow removal. 501 fully leased with long term tenant and 501 turning over 1 unit, others all occupied. Owner has another unit he would consider selling. Turn Key Opportunity, buildings are already managed by local management company.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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501 College Avenue Dekalb, IL 60115

  • Price: $935,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 155 min ago
  • MLS #: 12190636
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Dekalb
County:
Dekalb
Area:
Dekalb
Property Description
Investment Opportunity with these well maintained multi units next to NIU campus. 2 units that must be sold together, under one parcel. 501: 6 unit with laundry and parking. 503: recently rehabbed, 3 unit with laundry and parking. Tenants pay all utilities, owner pays landscaping and snow removal. 501 fully leased with long term tenant and 501 turning over 1 unit, others all occupied. Owner has another unit he would consider selling. Turn Key Opportunity, buildings are already managed by local management company.
Exterior Features

Outdoor Parking 19-30 Spaces

Interior Features

Heat Ventilation ElectricForced AirGas Number Of Ranges 9

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 121680 Gross Scheduled Income 121680 Insurance Expense 5200 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 97800 Operating Expense 23880 Tax Annual Amount 9300 Tax Year 2023 Total Monthly Income 10140 Type Multi Family 5+ Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Weichert REALTORS Signature Professionals: 815-754-5050.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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