226 W Locust St, Dekalb, IL, 60115
About This Home
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.
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Asphalt
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 1976
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Area: 300
Basement
- Has basement: Yes
- Basement: Partial,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet,Vinyl
- Finished area above ground: 2,198
Heating & Cooling
- Heating features: Gas,Natural Gas,Forced Air
- Cooling features: Central,Wall/Window Unit(s)
Interior Area
- Total structure area: 2,498
- Total interior livable area: 2,198 sqft
Property
Details
- Parcel number: 0822278005
- Lease amount: 0
Features
- Patio & porch: Patio,Screened Porch,Deck
- Exterior features: Balcony,Garden,Corner,Terrace
- Has view: Yes
- View description: Street
Lot
- Lot size: 9,583 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,099 | $13,188 |
| Home Insurance * | $123 | $1,476 |
| Property Taxes | $405 | $4,860 |
| Electricity | $169 | $2,028 |
| Total | $1,796 | $21,552 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listed for sale | $217,499 |
| 2026-07-28 | Listing removed | $216,492 |
| 2026-05-27 | Listed for sale | $216,492 |
| 2025-11-29 | Listing removed | $234,000 |
| 2025-11-21 | Listed for sale | $234,000 |
| 2025-11-21 | Listing removed | $239,000 |
| 2025-10-07 | Listed for sale | $239,000 |
| 2025-03-11 | Listing removed | $239,000 |
| 2025-02-07 | Listed for sale | $239,000 |
| 2024-04-29 | Listing removed | -- |
| 2024-04-08 | Listed for rent | $2,500 |
| 2021-11-04 | Sold | $155,000 |
| 2021-09-24 | Contingent | $174,000 |
| 2021-07-09 | Listed for sale | $174,000 |
| 2021-07-09 | Listing removed | -- |
| 2021-06-23 | Price change | $174,000 |
| 2021-05-10 | Price change | $189,000 |
| 2020-10-07 | Price change | $199,000 |
| 2020-08-21 | Listed for sale | $219,000 |
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