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323 S 5th St , DeKalb, IL 60115
$250,000
Est. Payment: $1,341.37/mo
2044 Sqft
0.19 Acres
Status: active | Days on site: 8
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93041 - 930117
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House Description

UNIQUE LIVE/WORK, INVESTMENT & MULTIGENERATIONAL OPPORTUNITY - RC1 ZONING! Looking for a property that offers flexibility, income potential, and the ability to combine business and residential living? This one-of-a-kind property is worth a look! Beautifully situated on a charming brick-lined street, this custom-built property, constructed in 2003, offers approximately 2,044 square feet of versatile space and features a maintenance-free exterior for added convenience and easy upkeep. The main office space features a large welcoming entry, five private offices, kitchenette, 1.5 baths, and a full basement offering additional storage or usable space. Approximately two-thirds of the building, consisting of the office space, is built over a full foundation and is equipped with central air conditioning. The front one-third of the building, which includes the office entry and efficiency apartment, is built on a slab. The office entry and efficiency apartment are cooled by window air-conditioning units. The flexible layout provides opportunities for professional office use, organizational space, or future reconfiguration. A separate efficiency apartment adds even more versatility. The apartment features an open-concept living area with bedroom area, kitchenette with stove and refrigerator, washer and dryer, and a full bathroom. The apartment could potentially provide additional rental income, private living quarters, guest accommodations, or convenient on-site housing. Both units are currently unoccupied, and there is no rental history for the property. Buyers should conduct their own due diligence regarding potential rental use, zoning, licensing, and income potential. Parking is a standout feature, with designated parking for three vehicles in the front and three vehicles in the rear, plus additional off-street parking. This provides convenient parking options for residents, clients, employees, or guests. The property is currently zoned RC1 (Residential Conservation). With proper municipal approval, the property could potentially be rezoned and reconfigured as a duplex, creating another intriguing opportunity for an owner-occupant, investor, or multigenerational living arrangement. Any rezoning, conversion, occupancy, or proposed use is subject to approval by the appropriate municipal authorities and applicable zoning, building, and code requirements. Buyers are encouraged to verify all potential uses and requirements with the municipality. Whether you're looking to operate a business while living on-site, explore future rental opportunities, create a multigenerational living arrangement, or reconfigure the property for another use, this property offers flexibility that is hard to find. Bring your vision and explore the possibilities! Beautifully positioned on a brick-lined street with a maintenance-free exterior, dedicated parking, two distinct spaces, a combination of slab and full-foundation construction, and a flexible interior layout, this distinctive property offers a unique opportunity to create something tailored to your needs.

Highlights

Listed by Nancy Edwards , 815-739-1923 Elm Street REALTORS , 815-895-2789. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.19

Year Built

2003

County

DeKalb

Area

De Kalb

Listing ID

12763064

Questions about this listing?

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Interior Features

Air Cond:Central Air,Window Unit(s)
Fireplaces:
Floor:Carpet,Vinyl

Exterior Features

Lot Dimensions:50x78x10x80x49.5x156
Roof:Composition
Principal Interest
$1,341
Taxes
$159

Home Price

$250,000

Loan Details

30 yrs
7.08%

Down Payment

20%
$50,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,341.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,341.37 $159.38 $0.00 $1,500.74
Yearly $16,096.41 $1,912.50 $0.00 $18,008.91
Total $482,892.42 $57,375.00 $0.00 $540,267.42
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Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (DeKalb, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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