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Price cut: $4,100
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Mixed Use · DeKalb, IL
$274,900$279,000
beds · baths
217 S 3rd Street, DeKalb, IL, 60115
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

Central air
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.
— the listing agent’s description

The home

Built in 1944
Lot 50x165.57
Mixed Use

What it’ll cost

$6,824 taxes / yr
No HOA
Listed $279,000
Now $274,900
61 days on dwello

Estimated monthly payment

$2,111/mo
Principal & interest$1,462
Property taxes$569
Homeowners insurance$80
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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61 days on dwello
Price history
Price reduced
Jun 8, 2026
↓ $4,100$274,900
Listed for sale
Apr 17, 2026
$279,000
Now $4,100 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$6,824/yr
From county records — verify with the assessor.

Features

Central AirWindow Unit(s)WoodStuccoStorm Sewer
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Maria Pena-Graham · Coldwell Banker Real Estate Group
Listing last updated Jun 15, 2026 · data refreshed from the MLS Jun 17, 2026, 6:32 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:32 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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