Large 0.45 acre city Lot. Excellent location near NIU. This was previously a rooming house licensed for 10 students 2 blocks from NIU campus and 5 blocks to downtown. Currently used as a 2 unit apartment building. Possible uses: Convert to a single family dream home in a historic DeKalb neighborhood; Reapply for a rooming house license; Convert into 2-3 apartments; Expand, rebuild, or tear down to build a new multi family building. This historical area includes a Frank Lloyd Wright style home next door, large SF homes and student houses. The front 1 bedroom apartment is leased for $595/mo. Rear unit has 7 bedrooms and 2 rooms are currently leased. If new owner continues to rent the building as a two unit, the rear unit can legally be occupied by 3 unrelated tenants at $400/bedroom = $1200/mo. If the property is again licensed as a student house with a 10 person occupancy limit, Rents could be $595 for the front apartment and $400 for each of the 7 rooms in the back unit = $2800 which totals $3,395 per month. The two car detached garage has the possibility of generating more income. Owner pays all utilities. Hard wired security system and 2 furnaces. Furniture and A/C's belong to the tenants.