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Sold for $450,000 on 12/12/25
  • $450,000

    135 E Prairie Ave #1-4, Decatur, IL 62523

    --beds
    0baths
    --sqft
    Quadruplex, Multi Family
    Built in 1880
    -- sqft lot
    $450,800 Zestimate®
    $--/sqft
    $1,068 Estimated rent

    Home value

    $450,800

    $401,000 - $505,000

    $1,068/mo

    Zestimate® history
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    Rent Zestimate®

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    $3,121/mo

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    What's special

    Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.

    Zillow last checked: 8 hours ago

    Listing updated: December 15, 2025 at 07:42am

    Listed by:

    Zane Peterson 217-422-3335,

    Main Place Real Estate

    Bought with:

    Staci Doolin, 475181289

    Brinkoetter REALTORS®

    Source: CIBR,MLS#: 6245377MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Cooling
    • Central Air
    Appliances
    • Included: Water Heater
    Interior area
    • Total structure area: 0
    • Finished area above ground: 0

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 2,613 sqft
    Details
    • Parcel number: 041215282033
    • Zoning: MUN
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Roof: Other
    Condition
    • Year built: 1880

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Decatur
    • Subdivision: Lease

    Price history

    DateEventPrice
    12/12/2025Sold$450,000-20.4%
    Source: CIBR #6245377
    10/28/2025Pending sale$565,000
    Source: CIBR #6245377
    10/7/2025Contingent$565,000
    Source: CIBR #6245377
    9/17/2025Listed for sale$565,000
    Source: CIBR #6245377
    8/12/2025Listing removed$565,000
    Source: CIBR #6245377

    Public tax history

    Tax history is unavailable.

    Neighborhood: 62523

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Decatur Dist 61

    Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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