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For sale
  • $565,000

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

    --beds
    0baths
    --sqft
    : 
    Quadruplex, Multi Family
    Built in 1880
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Exposed brick wallsCathedral ceilingsNew roof
    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.
    84 days
    on Zillow
    |
    259
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2025 at 09:04am

    Listed by:

    Zane Peterson 217-422-3335,

    Main Place Real Estate

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

    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: 2,613.6 Square Feet
    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 & HOA

    Community
    • Subdivision: Lease
    Location
    • Region: Decatur

    Financial & listing details

    • Annual tax amount: $2,297
    • Date on market: 8/16/2024
    • Tenant pays: All Utilities
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