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$ 329,000

Est. payment -/mo

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Price Dropped by $20K

305 College AVE Dekalb, IL 60115

UPDATED:

09/24/2024 05:53 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11901218

Maintenance Fees $3,972

Year Built 1903

Annual Tax Amount $7,224

Tax Year 2022

Lot Dimensions 80X165X80X165

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.

Location

State IL

County Dekalb

Area De Kalb

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Listed by Melanie Walker • Coldwell Banker Real Estate Group

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