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Listing provided courtesy of Century 21 CircleMREDas Distributed by MLSGrid- MLS# 12381367MLS Provider

305 College AvenueDeKalb, IL 60115

Commercial · 1 Bed
$280,000 Active

305 College Avenue Overview

Time on Site:
392 days
Visits:
0

This historical home was once the President of NIU, (Swen Parson) 2 Newer furnaces in 2023 This 11-unit license rooming house Great location to NIU with ample parking. Great front porch. One shared kitchen. 1 washer & dryer. This your opportunity to own a turnkey investment.

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305 College Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 1236
  • Electric Expense: 3393
  • Fuel Expense: 3034
  • Gross Income: 50940
  • Gross Scheduled Income: 50940
  • Insurance Expense: 1180
  • Maintenance Expense: 5136
  • Net Operating Income: 30308
  • Operating Expense: 24879
  • Trash Expense: 1850
  • Water Sewer Expense: 1850

Building Information

  • Year Built: 1903

Location/Region

  • County Or Parish: DeKalb
  • MLS Area Major: De Kalb
  • Township: DeKalb

Tax Information

  • Tax Annual Amount: $7,833.00
  • Tax Year: 2025

General Information

  • Parcel Number: 0822231012
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Partially Finished
  • Cooling: Central Air
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 80X165

Building Exterior/Construction

  • Construction Materials: Wood

General Information

  • Number Of Units Total: 11

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 3
  • Units Total: 11

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

305 College Avenue 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.

305 College Avenue Monthly Cost

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$ %
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$
$
Jim Luxem Jr
* 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.

305 College Avenue 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

305 College Avenue History

Date Event Value Agent
12/13/2025Source: MRED Status Change
Active
12/8/2025Source: MRED Price Reduction
$280,000 -5.1%
12/8/2025Source: MRED Status Change
Re-activated
9/25/2025Source: MRED Status Change
Active
9/20/2025Source: MRED Price Reduction
$295,000 -3.3%
9/20/2025Source: MRED Status Change
Price Change
6/7/2025Source: MRED Status Change
Active
6/2/2025Source: MRED Added to Database
June 02, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022