Address
305 College Avenue, DeKalb, IL
Price
$ 349,000
Property Attributes
- MLS#11901218
- TypeContingent
- CountyDE KALB
- CityDeKalb
- AreaDe Kalb
- Zip60115
- Style
- Year Built1903
- Taxes$ 7224
- Price$ 349,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 10/4/2023 | Listed $349,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Zoning | MULTI |
| Year Built | 1903 |
| Tenant Pays | None |
| Stories | 3 |
| Township | DeKalb |
| Tax Year | 2022 |
| Gross Income | 57000 |
| County | De Kalb |
| Net Operating Income | 34316 |
| Operating Expense | 16060 |
| Insurance Expense | 916 |
| Property Type | Commercial Sale |
| Contingency | Other Contingency |
| MaintenanceExpense | 3972 |
| Status | Contingent |
| Directions | From North First Street,turn on West Locust Street,to Linden then College Ave. Parking lot rear of building. |
| City | DeKalb |
| Total Units | 11 |
| MLS Area | De Kalb |
| Street Name | College |
| Tax Annual Amount | 7224 |
| Electric Expense | 4707 |
| Fuel Expense | 4221 |
| Trash Expense | 1122 |
| Water Sewer Expense | 1122 |
| Additional Parcels Y/N | No |
| Days on Market | 157 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|---|
| Basement | Partially Finished |
Exterior Features
| Lot Dimensions | 80X165X80X165 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60115
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 25, 2024 3:03 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 25, 2024 3:03 PM UTC
