722 Prospect St
Dekalb, IL 60115
- 2 Beds
- 2 Baths
2 Beds
2 Baths
Local Information
-- mins to
Description
Introducing a fantastic real estate opportunity just blocks away from the newly revived downtown Dekalb and Northern Illinois University. This charming corner lot property features two units, each offering 1 bedroom and 1 bathroom. Perfect for savvy investors or those seeking a flexible living arrangement, this property presents a multitude of possibilities. Imagine the convenience of living in one unit while renting out the other, allowing you to maximize your investment potential. With separate entrances and self-contained living spaces, privacy and independence are assured for both units.The prime location ensures easy access to the vibrant downtown area, where you'll find an array of shops, restaurants, and entertainment options. Additionally, being in close proximity to Hallgren Park, Northern Illinois University offers a significant advantage for potential tenants or residents seeking a bustling college-town atmosphere.Whether you're looking to expand your investment portfolio or explore the option of shared living with rental income, this 2-unit property on a corner lot is an excellent opportunity. Don't miss out on the potential and versatility that this property has to offer. Act now and unlock the exciting possibilities it holds! Cash or Conventional Loans only, Property Sold "As-Is".
722 Prospect St, Dekalb, IL 60115 is a 2 bedroom, 2 bathroom multi-family built in 1930. It last sold for $125,900 on Nov 2, 2023 (16% below the $149,900 asking price). More recently, it was listed as a rental in February 2013 with an asking price of $600 per month. That rental listing was removed on May 6, 2013. It is currently off market. The Trulia Estimate is $177,100, with a rent estimate of $1,199/month.
Home Highlights
Parking
2 Parking Spaces
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 722 Prospect St
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MLS Status: Closed |
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Interior Details Basement: Unfinished,PartialNumber of Rooms: 9 |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Heating & Cooling Heating: Natural GasHas HeatingHeating Fuel: Natural Gas |
View No View |
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Exterior Home Features Roof: AsphaltPatio / Porch: PorchExterior: BalconyFoundation: Block |
Parking & Garage No Attached GarageParking Spaces: 2Parking: Unassigned,Off Alley,On Site,Owned |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: SlateNot a New Construction |
Property Information Parcel Number: 0823380007 |
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Price List Price: $149,900 |
Status Change & Dates Off Market Date: Mon Aug 21 2023Possession Timing: Negotiable, Subject To Tenant Rights |
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Direction & Address City: DeKalb |
School Information Elementary School District: 428Jr High / Middle School District: 428High School District: 428 |
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Buyer Agent Buyer Company Name: Essence Realty Team |
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Community Features: Street Lights, Street Paved, Sidewalks |
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Lot Area: 5227.2 sqft |
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Special Conditions: None |
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Listing Terms: Conventional |
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Business Information Ownership: Fee Simple |
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BasementMls Number: 11825831Back On Market Date: Fri Aug 11 2023 |
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Street LightsStreet PavedSidewalksSource Internet Automated Valuation DisplaySource Internet Consumer CommentSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display |
Last check for updates: about 7 hours ago
Listed by Alison Rosenow, (815) 762-5226
American Realty Illinois LLC
Kasey Zeimet, (630) 688-5297
American Realty Illinois LLC
Bought with: Maribel Lopez, CSC, (630) 888-2113, Keller Williams Infinity
Source: MRED as distributed by MLS GRID, MLS#11825831

Price History for 722 Prospect St
| Date | Price | Event | Source |
|---|---|---|---|
| 11/02/2023 | $125,900 | Sold | MRED as distributed by MLS GRID #11825831 |
| 08/21/2023 | $149,900 | Contingent | MRED as distributed by MLS GRID #11825831 |
| 08/11/2023 | $149,900 | PendingToActive | MRED as distributed by MLS GRID #11825831 |
| 07/30/2023 | $165,000 | Contingent | MRED as distributed by MLS GRID #11825831 |
| 07/07/2023 | $165,000 | Listed For Sale | MRED as distributed by MLS GRID #11825831 |
| 02/09/2022 | $112,500 | Sold | MRED as distributed by MLS GRID #11245184 |
| 12/18/2021 | $130,000 | Contingent | MRED as distributed by MLS GRID #11245184 |
| 10/13/2021 | $130,000 | Listed For Sale | MRED as distributed by MLS GRID #11245184 |
| 09/03/2013 | $65,000 | Sold | N/A |
| 05/06/2013 | $575 | ListingRemoved | Agent Provided |
| 04/10/2013 | $575 | PriceChange | Agent Provided |
| 02/25/2013 | $585 | PriceChange | Agent Provided |
| 02/13/2013 | $600 | Listed For Rent | Agent Provided |
Market trends in Dekalb
Last updated June 2026
Avg. sale price
$271K
$17.33KMoM
Sale-to-List Price
100.6%
0.6%MoM
Price per sq ft
$167
$4MoM
Available listings
70
11MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,553 |
| Assessment | $133,785 |
Home facts updated by county records
Comparable Sales for 722 Prospect St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.31 | Multi-Family Home | $173,000 | 10/17/25 | 3 | 3 | - | |
0.67 | Multi-Family Home | $120,000 | 03/24/26 | 3 | 2 | - | |
0.73 | Multi-Family Home | $156,900 | 09/15/25 | 2 | 2 | - | |
0.77 | Multi-Family Home | $140,000 | 10/29/25 | 2 | 2 | - | |
0.47 | Multi-Family Home | $225,000 | 07/22/25 | 4 | 4 | - | |
0.58 | Multi-Family Home | $220,000 | 09/12/25 | 5 | 3 | - | |
0.11 | Multi-Family Home | $275,000 | 11/26/25 | 5 | 3 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 722 Prospect St.
What Locals Say about Dekalb
At least 324 Trulia users voted on each feature.
91 % Say there are sidewalks
85 % Say it's dog friendly
85 % Say car is needed
78 % Say parking is easy
69 % Say there's holiday spirit
68 % Say kids play outside
62 % Say yards are well-kept
61 % Say there's wildlife
59 % Say it's walkable to restaurants
57 % Say it's quiet
55 % Say people would walk alone at night
52 % Say streets are well-lit
46 % Say neighbors are friendly
42 % Say it's walkable to grocery stores
34 % Say they plan to stay for at least 5 years
21 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 722 Prospect St
Off Market Homes Near 722 Prospect St

Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information

