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.
For sale
$565,000
135 E Prairie Ave #1-4, Decatur, IL 62523
--beds
0baths
--sqft
Est.:
Quadruplex, Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Exposed brick wallsCathedral ceilingsNew roof
- 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#: 6245377
Originating 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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