501 College Avenue

DeKalb, IL 60115

$935,000
Price
14
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity with these well maintained multi units next to NIU campus. 2 units that must be sold together, under one parcel. 501: 6 unit with laundry and parking. 503: recently rehabbed, 3 unit with laundry and parking. Tenants pay all utilities, owner pays landscaping and snow removal. 501 fully leased with long term tenant and 501 turning over 1 unit, others all occupied. Owner has another unit he would consider selling. Turn Key Opportunity, buildings are already managed by local management...Investment Opportunity with these well maintained multi units next to NIU campus. 2 units that must be sold together, under one parcel. 501: 6 unit with laundry and parking. 503: recently rehabbed, 3 unit with laundry and parking. Tenants pay all utilities, owner pays landscaping and snow removal. 501 fully leased with long term tenant and 501 turning over 1 unit, others all occupied. Owner has another unit he would consider selling. Turn Key Opportunity, buildings are already managed by local management company.
  1. Listed by Zachary Ottum • Weichert REALTORS Signature Professionals

Property Details for 501 College Avenue

Area
De Kalb
Zoning
MULTI
LISTING UPDATED: 11/07/2024 08:19 PM

Property Details for 501 College Avenue

StatusActive
MLS #12190636
Days on Market34
Taxes$9,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1900
Lot Size-
CountyDeKalb County

Building Information for 501 College Avenue

Stories3Residences9Year Built1900Building Size-Lot Size-

Property Information for 501 College Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Electric,Forced Air,Gas
  • # Of Refrigerators: 9
  • Num of Baths: 0.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 60 X 89C X 124.40 X 7 X 40+ X 53.30 X 186
  • Stories: 3
  • # Of Ranges: 9
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $121,680.00
  • Gross Scheduled Income: $121,680.00
  • Insurance Expense: $5,200.00
  • Maintenance Expense: $.00
  • Manager Expense: $7,200.00
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Total Monthly Income: 10140
  • Net Operating Income: $97,800.00
  • Operating Expense: $23,880.00
  • Other Expense: $1,380.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 501 College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 College Avenue

Taxable ValueLand$13,293Additions$85,659Total$98,952
Tax Record2023$9,314 ($776 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyDEKALBAPN08-22-230-026

Schools near 501 College Avenue

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 4
Rating
School
Distance
Littlejohn Elementary School
PublicK to 5

Clinton Rosette Middle School
Public6 to 8

De Kalb High School
Public9 to 12

International Montessori Academy
PrivatePK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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501 College Avenue is a multi-family home for sale in DeKalb, IL 60115. This property was listed for sale on October 18, 2024 by Weichert REALTORS Signature Professionals, it's currently listed at $935,000. This listing's school district is Dekalb Community Unit School District 428. Nearby schools include Littlejohn Elementary School, Clinton Rosette Middle School and De Kalb High School. 501 College Avenue is a 14-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert REALTORS Signature Professionals

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/07/2024 08:19 PM. 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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.