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$229,500 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 11 hours ago
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Great investment opportunity near Downtown DeKalb and NIU! This 5-room + 1 studio, 3-bath rooming house offers strong rental income potential with the added flexibility of a house hack option-live in the private studio and rent out the remaining rooms. The property has been freshly updated with new flooring, new paint in the bathrooms, and fresh paint throughout the common areas, creating a clean and appealing environment for tenants. Ideal for investors or an owner-occupant looking for affordable living and steady cash flow. Located just minutes from Northern Illinois University, Downtown DeKalb, restaurants, shopping, bus routes, and major roads, including Annie Glidden Rd and Lincoln Hwy. Off-street parking and walkability to local amenities enhance its rental appeal. A fantastic addition to any rental portfolio-or an opportunity to live affordably while generating income.

Full Property Details for 226 W Locust St

General

  • Price: $229,500
  • HOA FEE: $4,895
  • Taxes: $5,886 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12548014
  • Updated: Today (1/15/2026)
  • Added to Site: Today

Location

  • Area: De Kalb
  • County: DeKalb
  • Driving Directions: Heading south on N 1st st turn right onto Locust st your home will be on the left side of the street.

Heating & Cooling

  • Heating Type: Radiators

Utilities

  • Trash: 997

Structural Information

  • Stories/Levels: 3
  • Year Built: 1950
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2
  • # Dryers: 1

Lot Features

  • Lot Dimensions: 35.02 x 20 x 210+ x 34.90 x 220+

Financial Considerations

  • Maint. Fee: $4,895
  • Insurance Fee: $845
  • Operating Expenses: $23,281
  • Other Fee: $1,260
  • Assessment Year: 1950
  • Tax Amount: $5,886
  • Tax Year: 2023
  • Pays Electric: 1913
  • Pays Trash: 997

Disclosures and Reports

  • Property ID: 822278005

Listed by 815 Property

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— 226 W Locust St —

  • 815 Property

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 226 W Locust St

School District:Dekalb Community Unit School District 428
NameGradesDistance
Founders Elementary School
821 South 7th Street, DeKalb, IL 60115
K-50.8 mi
Clinton Rosette Middle School
650 North 1st Street, DeKalb, IL 60115
6-80.5 mi
De Kalb High School
501 West Dresser Road, DeKalb, IL 60115
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 226 W Locust St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Listed
$229,500
48.06%
MLS
11/04/2021
Sold
$155,000
—
Public Record
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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 226 W Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,713
-3%
$71,712
15%
2023
$5,886
-1%
$62,527
17%
2021
$5,925
-2%
$53,542
2%
2020
$6,059
4%
$52,688
6%
2019
$5,839
2%
$49,761
4%
2018
$5,702
-1%
$48,074
4%
2017
$5,756
1%
$46,211
3%
2016
$5,692
—
$45,044
6%
2015
$5,675
—
$42,679
-1%
2014
$5,648
—
$43,228
-5%
2013
$5,651
2%
$45,407
-9%
2012
$5,533
—
$49,860
—
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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Recent Sales near 226 W Locust St

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226 W Locust Street, Dekalb, IL 60115 (MLS# 12548014) is a Commercial property. 226 W Locust Street is currently listed for $229,500 and was received on January 15, 2026. Want to learn more about 226 W Locust 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.

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