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$675,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 10 hours ago
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Turnkey investment steps from campus life and downtown amenities! This well-located property at 532-534 College Ave comprises a 16+-unit rooming house plus two 1-bedroom apartments and one 2-bedroom apartment-a flexible mix ideal for steady cash flow with room to grow. The address puts residents near Northern Illinois University, downtown DeKalb, Lincoln Hwy dining/retail, parks, and transit.

Full Property Details for 532 - 534 College Ave

General

  • Price: $675,000
  • HOA FEE: $13,054
  • Taxes: $11,169 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12548063
  • Updated: Today (1/15/2026)
  • Added to Site: Today

Location

  • Area: De Kalb
  • County: DeKalb
  • Township: DeKalb
  • Driving Directions: 1st Street To Locust To College to unit

Heating & Cooling

  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 1320

Structural Information

  • Stories/Levels: 2
  • Year Built: 1900
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 40 x 285 x 80 x 15040145
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $13,054
  • Insurance Fee: $4,242
  • Operating Expenses: $37,831
  • Other Fee: $6,925
  • Assessment Year: 1900
  • Tax Amount: $11,169.2
  • Tax Year: 2024
  • Tenant Pays: None
  • Pays Electric: 2355
  • Pays Trash: 1320

Disclosures and Reports

  • Property ID: 822251026

Listed by 815 Property

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— 532 - 534 College Ave —

  • 815 Property

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

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

Schools serving 532 - 534 College Ave

School District:Dekalb Community Unit School District 428
NameGradesDistance
Littlejohn Elementary School
1121 School Street, DeKalb, IL 60115
K-51.2 mi
Clinton Rosette Middle School
650 North 1st Street, DeKalb, IL 60115
6-80.7 mi
De Kalb High School
501 West Dresser Road, DeKalb, IL 60115
9-121.5 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 532 - 534 College Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Listed
$675,000
-20.59%
MLS
6/28/2022
Sold
$850,000
—
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 532 - 534 College Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,169
-3%
$140,196
15%
2023
$11,506
-1%
$122,239
17%
2021
$11,583
-2%
$104,673
2%
2020
$11,845
2%
$103,005
4%
2019
$11,612
2%
$98,957
4%
2018
$11,339
-1%
$95,601
4%
2017
$11,446
1%
$91,897
3%
2016
$11,320
4%
$89,577
10%
2015
$10,837
—
$81,505
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by 815 Property

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532 - 534 College Avenue, Dekalb, IL 60115 (MLS# 12548063) is a Commercial property. 532 - 534 College Avenue is currently listed for $675,000 and was received on January 15, 2026. Want to learn more about 532 - 534 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.

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