Date
Details
Price
Change
Source
4/16/2026
Listed
$279,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$279,000 Just Listed
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Property 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 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. 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.
Full Property Details
Full Property Details for 217 S 3rd St
General
- Price: $279,000
- Taxes: $6,823 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12621092
- Updated: 4/16/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Basement, Laundry Room
- Flooring: Wood
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: De Kalb
- County: DeKalb
- Township: DeKalb
- Driving Directions: Lincoln Hwy to S Third Street to Property
- Location Details: Far West, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Gas, Hot Water
Utilities
- Sewer: Storm Sewer
- Water: Community Water, Municipal Water
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Wood, Stucco
- Exterior Const.: Wood, Stucco
- Foundation: Concrete Perimeter
- Roof: Composition
- Sub-Flooring: Wood
- Stories/Levels: 3
- Square Feet: 2,460
- Year Built: 1944
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
Lot Features
- Lot Size (Sq. Ft.): 8,279
- Lot Dimensions: 50 x 165.57
- Frontage: City Street
- Potential Use: Office, Multi-Family
- Zoning: COMMR
Financial Considerations
- Lease Price: $9
- Insurance Fee: $3,000
- Other Fee: $500
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1944
- Tax Amount: $6,823.96
- Tax Year: 2024
- Tenant Pays: All Utilities
- Pays Electric: 100
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Property ID: 823303008
Listed by Coldwell Banker Real Estate Group
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— 217 S 3rd St —
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NMLS#: 1598647
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Schools
Schools serving 217 S 3rd St
School District:Dekalb Community Unit School District 428
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, DeKalb, IL 220 East Sunset Place, DeKalb, IL 60115 | K-5 | 0.8 mi |
Huntley Middle School 1515 South 4th Street, DeKalb, IL 60115 | 6-8 | 1.2 mi |
De Kalb High School 501 West Dresser Road, DeKalb, IL 60115 | 9-12 | 1.8 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 217 S 3rd St
Tax History
Tax History for 217 S 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,824
—
$93,800
10%
2024
$6,824
-3%
$85,654
15%
2023
$7,030
-1%
$74,683
17%
2021
$7,077
-2%
$63,952
2%
2020
$7,237
2%
$62,933
4%
2019
$7,095
2%
$60,460
4%
2018
$6,928
-1%
$58,410
4%
2017
$6,994
1%
$56,148
3%
2016
$6,916
—
$54,731
6%
2015
$6,895
—
$51,858
-2%
2014
$6,924
—
$52,988
-5%
2013
$6,927
2%
$55,660
-9%
2012
$6,782
—
$61,118
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 217 S 3rd St
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- Single Family
- Active
- Updated 17 hours ago
- 4Beds
- 3Total Baths
- 2,400Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,625Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 1,945Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,058Sq. Ft.
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- Condo
- Active
- Updated 2 days ago
- 3Beds
- 4Total Baths
- 1,848Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,860Sq. Ft.
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217 S 3rd Street, Dekalb, IL 60115 (MLS# 12621092) is a Commercial property. 217 S 3rd Street is currently listed for $279,000 and was received on April 16, 2026. Want to learn more about 217 S 3rd Street? Do you have questions about finding other Commercial real estate for sale in Dekalb? You can browse all Dekalb real estate or contact a Coldwell Banker agent to request more information.