217 S 3rd Street, DeKalb, IL

Others for Sale - $274,900 - 2,460 Sq. Ft.


Agent Info

MARIA PENA-GRAHAM
Coldwell Banker Real Estate Group

Property Info

CIMLS#1192777
Location
  217 S 3rd Street
  DeKalb IL 60115
UpdatedJune 15th, 2026
TypeOthers
Price$274,900
Building2,460 Sq. Ft.

Property Description

Located in the heart of DeKalb's Central Business District, this spacious mixed-use building offers exceptional flexibility. The main level is currently set up as a professional office, formerly a dental practice, and is ideal for a new business or for conversion into a comfortable first-floor apartment for owner-occupancy. Three additional apartments are already in place: a main-level one-bedroom, plus an efficiency and another one-bedroom on the second floor. This setup provides an excellent opportunity for an owner-occupant to live on the main level while rental income from the existing tenants helps offset monthly mortgage payments. A walk-up attic and full basement with laundry hookups offer generous storage options. Outside, you'll find ample parking, a one-car attached garage, and heated exterior steps and ramp for easy winter access. With leases secured through June 2026 and a roof installed in 2013, this property is ready for its next chapter. Photos of the apartment are vacant photos of the first-floor apartment. It is now occupied. Current rents are well below market value. Whether you're looking to create your own residence while generating income, expand your investment portfolio, or have your own business and collect rent to help with your new venture, this location, close to downtown DeKalb, NIU, schools, shopping, and interstate access, offers outstanding potential.


Financials



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