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$216,492 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.22 Acres
  • Updated 9 hours ago
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Exceptional 7-unit Student Housing Investment opportunity located just steps from Northern Illinois University. This is a rare chance to acquire a high-performing, income-producing asset in one of the area's most consistently in-demand rental markets. Strategically positioned near campus, the property benefits from strong student rental demand, attractive cash flow potential, and long-term investment stability. Whether you are looking to expand your portfolio or secure a turnkey multifamily asset in a proven location, this property presents an outstanding opportunity for both immediate income and future appreciation.

Full Property Details for 226 W Locust St

General

  • Price: $216,492
  • Taxes: $6,203 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12658956
  • Updated: 6/2/2026
  • Added to Site: 6 day(s) ago

Location

  • Area: Balance of DeKalb County
  • County: DeKalb
  • Township: DeKalb
  • Driving Directions: Proceed west on Locust Ave until you hit the Subject Property.

Utilities

  • Onsite: Electricity Nearby, Natural Gas Available

Structural Information

  • Square Feet: 0.22
  • Current Bldg. Use: Multi-Family

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 66 ft 145 ft
  • Frontage: City Street
  • Frontage Feet: 66
  • Street/Road Desc.: Concrete

Financial Considerations

  • Tax Amount: $6,203.36
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 822278005

Listed by Cove Realty Inc

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Listing agent

— 226 W Locust St —

  • Cove Realty Inc

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 226 W Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,713
—
$78,532
10%
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.

Estimate the Cost for 226 W Locust St

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NMLS#: 1598647

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Listed by Cove Realty Inc

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226 W Locust Street, Dekalb, IL 60115 (MLS# 12658956) is a Lots/Land property with a lot size of 0.22 acres. 226 W Locust Street is currently listed for $216,492 and was received on May 27, 2026. Want to learn more about 226 W Locust Street? Do you have questions about finding other Lots/Land 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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