161 John Street, DEKALB IL 60115 Photo 1 161 John Street, DEKALB IL 60115 Photo 2 161 John Street, DEKALB IL 60115 Photo 3 161 John Street, DEKALB IL 60115 Photo 4 161 John Street, DEKALB IL 60115 Photo 5 161 John Street, DEKALB IL 60115 Photo 6 161 John Street, DEKALB IL 60115 Photo 7 161 John Street, DEKALB IL 60115 Photo 8
Listing Courtesy of Castle View Real Estate

No driving directions were found. Please adjust your search.

161 John Street - This is a well maintained 13 room student house. Great income, has been easy to lease and has a great rental history. Building is on the NIU campus. Cap rate of 16.8%! Coin washer and dryer, each room has designated cabinets and drawer in the communal kitchen. The rooms are nice size; you can get a bed, dresser and a love seat in the room. Each room has cable and internet. New electric, hard wired smoke detectors with alarm, roof is 1 yr old, nice deep back yard overlooking the NIU lagoon. Parking for 12 cars off street. Great investment property! Current owner purchased from a long term owner in the late 80's while attending NIU. Moved out after graduating and getting married and has used it for income ever since. Time to hand it off to the next generation.

Listing information

  • MLS® ID: 09226447
  • Status: Active with Contingency
  • New Construction: No
  • Lot Size: 69X278
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $6,336
  • Year Built: 1920
  • Parking Type Description: None 0 cars
  • Lot Area: 0.37
  • County: De Kalb

Features

Air Conditioning None
Approximate Age Older
Basement Description Partially Finished
Built Before 1978 (Y/N) Yes
Construction Wood Frame
Contingency Flag Financing
Current Use Residential-Multi-Family
Electrical Service 0-100 Amps, Circuit Breakers
Fire Protection Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors
Foundation Concrete, Stone
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Forced Air, Gas, Hot Water
Information 48-Hr Notice Required
Known Encumbrances First Mortgage
Land Amenities Curbs and Gutters, Sidewalks
Misc Inside Common Lunchroom/s, Common Meeting Room/s
Other # Of Dryers - 1, # Of Ranges - 1, # Of Refrigs - 5, # Of Units - 13, # Of Washers - 1, Electricity Expense - 0, Expense Year - 2015, Fuel Expense - 8921, Gross Rent Multiplier - .266, Gross Rental Income $ - 52800, Insurance Expense - 4400, Janitor Expense - 5145, Net Oper Income $ - 33600, Net Operating Income Year - 2015, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 0, Tax Year - 2015, Total Annual Exp - 19600, Total Annual Income - 53200, Total Monthly Income - 4400, Township - Dekalb, Water Expense - 0, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Individual
Property Type Multi Family 5+
Roof Structure Flat, Pitched
Sale Terms Conventional
Tenant Pays None
Type Multi-Family Rooming House/SRO
Utilities To Site Sanitary Sewer to Site, Water-Municipal
Listing Courtesy of Castle View Real Estate