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$315,000 -$10,000 (-3.08%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 3 Total Beds
  • 1 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 131 S 7th St

General

  • Price: $315,000
  • HOA FEE: $700
  • Taxes: $6,229 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12665866
  • Updated: 8/4/2026
  • Added to Site: 65 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Garage

Location

  • Area: De Kalb
  • County: DeKalb
  • Township: DeKalb
  • Driving Directions: Northwest Corner of S. Seventh St and Grove St. One block south of Route 38 3 blocks east of Rout 23.

School Information

  • School District: 428
  • Elem School District: 428
  • Midd School District: 428
  • High School District: 428

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Bath/Stubbed, Full
  • Foundation: Block
  • Year Built: 1905
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 65 x 96
  • Fence: Yes
  • Lot Features: Corner Lot
  • Zoning: SINGL
  • Fencing (Description): Fenced

Financial Considerations

  • Maint. Fee: $700
  • Insurance Fee: $2,800
  • Assessment Year: 1905
  • Tax Amount: $6,229
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 823334010

Listed by Great Western Properties

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— 131 S 7th St —

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NMLS#: 1598647

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Schools serving 131 S 7th St

School District:Dekalb Community Unit School District 428
NameGradesDistance
Founders Elementary School
821 South 7th Street, DeKalb, IL 60115
K-50.5 mi
Huntley Middle School
1515 South 4th Street, DeKalb, IL 60115
6-81.2 mi
De Kalb High School
501 West Dresser Road, DeKalb, IL 60115
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 131 S 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2026
Price Reduced
$315,000
-3.08%
MLS
6/02/2026
Listed
$325,000
140.74%
MLS
1/11/2012
Sold
$135,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 131 S 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,737
—
$78,861
10%
2024
$5,737
-3%
$72,012
15%
2023
$5,910
-1%
$62,788
17%
2021
$5,950
-2%
$53,766
2%
2020
$6,084
2%
$52,909
4%
2019
$5,965
2%
$50,830
4%
2018
$5,824
-1%
$49,106
4%
2017
$5,880
1%
$47,204
3%
2016
$5,815
—
$46,012
6%
2015
$5,797
—
$43,597
-1%
2014
$5,769
—
$44,147
-5%
2013
$5,772
2%
$46,373
-9%
2012
$5,650
—
$50,920
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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131 S 7th Street, Dekalb, IL 60115 (MLS# 12665866) is a Multi-Family property with 2 units containing 3 bedrooms and 0 full bathrooms. 131 S 7th Street is currently listed for $315,000 and was received on June 02, 2026. Want to learn more about 131 S 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Dekalb? You can browse all Dekalb real estate or contact a Coldwell Banker agent to request more information.

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