For saleReduced $20,000
$178,000
Multifamily property
2,582 SF building0.25 acres lot
$69/SF (asking price ÷ building area)
302 West BroadwayMonmouth, IL 61462
Listing courtesy of Monmouth Farm and Home Realty LLC · MyStateMLS #11041977
PendingReduced $17,999 from $217,499
$199,500
2,198 SF building0.22 acre lotBuilt 1950
226 W Locust StDekalb, IL 60115
Multifamily property · MLS 11906221 · Listed 99 days ago (Jul 28, 2026)
Pending: An offer has been accepted and the sale is expected to close.
About this property
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.
Description provided by the listing brokerage.
Key facts
- Asking price
- $199,500
- Original list price
- $217,499
- Status
- Pending
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 2,198 SFSource field LivingArea
- Land area
- 0.22 acresSource field LotSizeAcres
- Year built
- 1950
- MLS number
- 11906221
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $199,500
- Price per SF of building
- $91/SFAsking price ÷ 2,198 SF reported building area
- Annual taxes
- $6,203Tax year 2024
Building and site
- Year renovated
- 1976Source field RenovationYear_C
- County
- DeKalb County
Listing details
Flooring
- Vinyl
- Carpet
Basement
- Unfinished
Heating
- Forced Air
- Natural Gas
- Gas
Construction
- Vinyl Siding
Roof
- Asphalt
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Dekalb or multifamily property in Dekalb.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-unit)
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Price and status history
- Original list price reported by the brokerage: $217,499
- Nov 3, 2026: Status changed from Active to Pending
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of Cove Realty Inc.. Listing agent: Mitchell Cohen. Listings provided by MyStateMLS.
Listing last modified at the source Nov 3, 2026, 9:33 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 9:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.