About This Home

This 8-bedroom, 3-bathroom residential multi family at 226 W Locust St in Dekalb, IL is listed for $199,500 ($91 per sqft). Built in 1950, the home offers 2,198 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1950
  • 0.22 acre lot

Property Details

3 full
1950
Listing Description

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.

Monthly Cost Estimate

$1,067/mo

20% down · 6.5% · 30 years

Principal$144
Interest$865
Insurance$58

Estimates only. Actual payments may vary.

Location

226 W Locust St

Dekalb, IL 60115

Property Details

Flooring

VinylCarpet

Construction

Vinyl Siding

Outdoor Features

PatioDeck

Heating

Natural GasForced Air

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 226 W Locust St is listed at $199,500 ($91/sqft). The estimated monthly payment is $1,067 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.22 acre lot.

This property is listed by Mitchell Cohen.

MC

Mitchell Cohen

Agent at Cove Realty Inc.

Listed by Cove Realty Inc. · Broker phone: 8474363551 · View on Broker Site

MLS# 11906221· Source: My State MLS· 94 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

226 W Locust St, Dekalb, IL 60115

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