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305 College Avenue, Dekalb, IL 60115
$349,000 Contingent
305 College Avenue, Dekalb, IL 60115View this property at 305 College Avenue, Dekalb, IL 60115
305 College AvenueDekalbIL60115
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Property Description
Welcome to a prime investment opportunity that offers both stability and comfort. This spacious rooming house boasts 11 units, each meticulously maintained and thoughtfully updated, making it an ideal addition to your investment portfolio. With 2 brand new furnaces (2023) ensuring efficient heating, fresh paint giving the property a rejuvenated look, and a new deck for added outdoor enjoyment, this rooming house is move-in ready for both you and your tenants. Each unit is well-appointed, providing tenants with comfortable living spaces that are highly attractive to renters. Historically, the property has experienced low vacancy rates, a testament to its appeal in the market. Rooming houses remain a sought-after housing option, and this property's updates ensure it meets the demands of modern renters. Seize the opportunity to add this turnkey rooming house to your investment portfolio. Schedule a viewing and discover the potential of this updated and income-generating property. Additional properties in MLS for consideration of package sale.
Full Property Details
Full Property Details for 305 College Ave
General
- Price: $349,000
- HOA FEE: $3,972
- Taxes: $7,224 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11901218
- Updated: 3/8/2024
- Added to Site: 208 day(s) ago
Location
- Area: De Kalb
- County: De Kalb
- Township: DeKalb
- Driving Directions: From North First Street, turn on West Locust Street, to Linden then College Ave. Parking lot rear of building.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Utilities
- Trash: 1122
Structural Information
- Stories/Levels: 3
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Dimensions: 80 x 165 x 80 x 165
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $3,972
- Insurance Fee: $916
- Operating Expenses: $16,060
- Assessment Year: 1903
- Tax Amount: $7,224
- Tax Year: 2022
- Tenant Pays: None
- Pays Electric: 4707
- Pays Trash: 1122
Disclosures and Reports
- Property ID: 822231012
Listed by Coldwell Banker Real Estate Group
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Schools
Schools serving 305 College Ave
School District:Dekalb Community Unit School District 428
Rating | Name | Grades | Distance |
---|---|---|---|
1121 School St, Dekalb, IL 60115 | PK-5 | 0.9 mi | |
650 N 1st St, Dekalb, IL 60115 | 6-8 | 0.4 mi | |
501 W Dresser Rd, Dekalb, IL 60115 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 College Ave
Date
Details
Price
Change
Source
10/04/2023
Listed
$349,000
57.21%
MLS
1/29/2010
Sold
$222,000
—
Public Record
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
Tax History for 305 College Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$7,419
-2%
$67,043
2%
2020
$7,587
2%
$65,974
4%
2019
$7,438
2%
$63,381
4%
2018
$7,262
-1%
$61,232
4%
2017
$7,331
1%
$58,860
3%
2016
$7,250
—
$57,374
6%
2015
$7,228
10%
$54,362
8%
2014
$6,585
—
$50,392
-5%
2013
$6,588
2%
$52,933
-9%
2012
$6,450
—
$58,124
—
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 305 College Ave
305 College Avenue, Dekalb, IL 60115 (MLS# 11901218) is a Commercial property. 305 College Avenue is currently listed for $349,000 and was received on October 04, 2023. Want to learn more about 305 College Avenue? 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.