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Listing provided courtesy of Cove Realty IncMREDas Distributed by MLSGrid- MLS# 12658956MLS Provider

226 W Locust StreetDeKalb, IL 60115

Vacant Land · 0.22 Acres
$216,492 Active

226 W Locust Street Overview

Time on Site:
33 days
Visits:
0

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.

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226 W Locust Street Facts & Features

  • Type Vacant Land
  • Lot 0.22 Acres

Details

General

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: DeKalb
  • MLS Area Major: Balance of DeKalb County
  • Township: DeKalb

Tax Information

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

General Information

  • Ownership: Fee Simple
  • Parcel Number: 0822278005
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Frontage Length: 66
  • Frontage Type: City Street
  • Lot Size Acres: 0.22
  • Lot Size Dimensions: 66 ft 145 ft
  • Road Surface Type: Concrete

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electricity Nearby,Natural Gas Available

226 W Locust Street Neighborhood

Community

60115 (DEKALB) Demographics

26
Median Age
557
Population Density (per sq. mile)
48%
College Educated
$45,480
Estimated Median Income
6,923
Estimated Total Home Owners
9,882
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

226 W Locust Street Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

226 W Locust Street Market Data

Based on the last 30 days in this zip code

$340,348
Average List Price
$178
Average Price per Square Foot
36
Properties Sold
39
Average Days on Market
69
Properties for Sale
Calculations provided by Reliance Network

226 W Locust Street History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Added to Database
May 27, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022