Skip main navigation

    • 540 S 16th St

    Decatur, IL 62521

    Apartment building
    2 beds

    Available units

    This building may have units for rent or for sale. Select a unit to contact.

    What's special

    Spacious lot
    Price: $85,000 Down Payment: $3,000 Monthly Payment: $850 Term: 30 Years (Fully Amortized at 12%) Property Overview Start building equity with this well-located single-family home in Decatur's peaceful residential area. Ideal for first-time buyers or investors, this Rent-to-Own home sits on a 6,080 sq. ft. lot in the T.J. Cummings 1st Addition subdivision, offering plenty of yard space for outdoor living and long-term ownership potential. Property Highlights 2 Bedroom/ 1 Bath w/ 1 car detached garage Spacious Lot (6,080 sq. ft.) Quiet Residential Neighborhood Close to Schools, Shopping, and Parks Ample Yard for Gardening or Play Why Rent When You Can Own? Own this home today with just a small down payment and affordable monthly payments, cheaper than rent! No Bank Needed Build Equity Flexible Terms

    Neighborhood: 62521

    Skip to the end of the carousel
    • Green Spaces
      Scenic trails and gardens with private, less-crowded natural escapes.
      Outdoor Activities
      Ample parks and spaces for hiking, biking, and active recreation.
      Dining Scene
      From casual bites to fine dining, a haven for food lovers.
      Downtown Close
      Proximity to downtown offers quick access to jobs, dining, and culture.
    Skip to the beginning of the carousel

    Anchored by Lake Decatur, zip code 62521 blends tree-lined residential streets with an easygoing Midwest rhythm and plenty of waterfront time. You’ll feel the community pulse at Nelson Park and the Devon Lakeshore Amphitheater’s summer shows, with family favorites like Scovill Zoo, the Children’s Museum of Illinois, and Overlook Adventure Park close by. Trails along the lake invite jogs, biking, and dog walks, and weekend picnics are a staple. Downtown is a quick hop for coffee shops, casual pubs, and locally owned restaurants, while everyday needs are covered by grocery options and big-box shopping along Route 36/Eldorado Street plus neighborhood fitness studios. Recent Zillow Rental Manager market trends show a median asking rent around $900 over the past few months, with most listings ranging roughly $700–$1,200 depending on size and proximity to the lake. The area feels friendly and practical, pet-welcoming, and convenient to IL-48, IL-121, and US-36.

    Powered by Zillow data and AI technology.

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Travel times

    Walk, Transit & Bike Scores

    42 / 100
    Car-Dependent
    40 / 100
    Somewhat Bikeable

    Nearby schools in Decatur

    GreatSchools rating

    Frequently asked questions

    What is the walk score of 540 S 16th St?

    540 S 16th St has a walk score of 42, it's car-dependent.

    What schools are assigned to 540 S 16th St?

    The schools assigned to 540 S 16th St include Muffley Elementary School, Stephen Decatur Middle School, and Eisenhower High School.

    What neighborhood is 540 S 16th St in?

    540 S 16th St is in the 62521 neighborhood in Decatur, IL.