Home Details for 532 - 534 College Avenue

Price

$649,500

Type

Commercial Sale

Year built

1900

County

DeKalb

Days on site

MLS Listing#

12586846

Property Description

Turnkey investment opportunity just steps from Northern Illinois University and downtown DeKalb! This well-positioned property at 532-534 College Ave features a 16 unit rooming house plus two 1-bedroom units and one 2-bedroom unit, offering a strong and flexible income stream with housing hack potential! Located in a highly walkable area, tenants enjoy immediate access to NIU campus, Lincoln Hwy dining and retail, parks, and public transit-supporting consistent occupancy and strong rental demand. The property is fully leased with a proven rent roll and generates approximately $97,000+ in potential income and ~$53,000+ NOI, delivering an estimated ~8.1 cap rate. Multiple income streams, stable performance, and upside potential make this a compelling addition to any investment portfolio.

Property Features

Listing Courtesy: 815 Property - 815-748-4000

Based on information submitted to the MLS GRID as of 2026-04-26 03:40:51. 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.

Last Updated: 2026-04-26 03:40:51

Transportation

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Neighborhood Market Statistics

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Median Listing Price

Median Days on Site

Median Square Feet

Market statistics compiled from data from Midwest Real Estate Data.

EXIT REALTY REDEFINED - MAURER GROUP

4174 N. Perryville Rd, Loves Park, IL 61111

Office

815 977 7411

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