Seize a rare investment opportunity with immediate cash flow (3 of the 4 units occupied - could be 5) and ownership of the historic Ullrich Mansion, once home to John Ullrich, one of Central Illinois' most distinguished figures of the late 1800s and early 1900s. This grand residence, built in 1875, offers over 4,500 square feet of beautifully finished living space. Initially designed in the Italianate style, it was later transformed into a masterpiece, complete with a stately tower and an inviting front porch. Since then, thoughtful renovations to turn this large home into a multi-family property have been completed, featuring a versatile layout: a full-family home on the first floor with three bedrooms, two baths, a living room, a family room, a kitchen, a dining room, and a rec room. The main level could be converted into two separate apartments. Three one-bedroom apartments are located on the second floor. This property is ideal for both personal living and rental income. The unfinished basement once had a full bathroom (plumbing and amenities still in place)and could be renovated into another apartment. Recent updates include modern electrical and plumbing systems, renovated kitchens and bathrooms, an intensively improved basement, and enhanced exterior grounds. The carriage house, now a four-car detached garage reserved for tenants, also offers ample upper-level storage. The property, nestled on a spacious half-acre lot, offers privacy with its partial fencing and a pavilion-inspired area perfect for lively barbecues and gatherings. With four of the five units currently occupied and a strong history of full occupancy, this is a proven income-generating gem. Schedule a tour today and make this remarkable property a standout in your portfolio!!!
For sale
$335,900
314 W Decatur St, Decatur, IL 62522
6beds
4,514sqft
Est.:
Single Family Residence
Built in 1875
0.52 Acres Lot
$-- Zestimate®
$74/sqft
$-- HOA
What's special
Enhanced exterior groundsStately towerSpacious half-acre lotRenovated kitchens and bathroomsIntensively improved basementAmple upper-level storageInviting front porch
- 22 days |
- 5,582 |
- 306 |
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 05:36pm
Listed by:
Nicole Pinkston 217-413-1426,
KELLER WILLIAMS-TREC
Source: CIBR,MLS#: 6256282
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Breakfast room nook
- Level: Main
- Width: 6
Den
- Level: Main
Den
- Level: Upper
Dining room
- Level: Main
Family room
- Level: Main
Other
- Level: Main
Other
- Level: Main
Other
- Level: Upper
Other
- Level: Upper
Other
- Level: Upper
Kitchen
- Level: Main
- Width: 6
Kitchen
- Level: Upper
Kitchen
- Level: Upper
- Width: 11
Kitchen
- Level: Upper
Living room
- Level: Main
Living room
- Level: Upper
Living room
- Level: Upper
- Width: 12
Living room
- Level: Upper
Recreation
- Level: Main
Heating
- Hot Water
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
Features
- Attic, Cathedral Ceiling(s), Fireplace, In-Law Floorplan, Main Level Primary, Pantry, Walk-In Closet(s), Workshop
- Basement: Unfinished,Walk-Up Access,Full
- Number of fireplaces: 2
- Fireplace features: Family/Living/Great Room
Interior area
- Total structure area: 4,514
- Total interior livable area: 4,514 sqft
- Finished area above ground: 4,514
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached, Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
- Exterior features: Fence, Workshop
- Fencing: Yard Fenced
Lot
- Size: 0.52 Acres
- Dimensions: 147 x 155
Details
- Parcel number: 041215406012
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Brick, Stone, Plaster
- Foundation: Basement
- Roof: Other
Condition
- Year built: 1875
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Security System, Closed Circuit Camera(s), Smoke Detector(s)
- Subdivision: Southwestern Add
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $74/sqft
- Tax assessed value: $43,928
- Annual tax amount: $4,252
- Date on market: 12/3/2025
- Cumulative days on market: 22 days
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $335,900+179.9%$74/sqft |
Source:  CIBR #6256282 Report a problem | ||
| 12/3/2021 | Sold | $120,000-1.6%$27/sqft |
Source: CIBR #6214741 Report a problem | ||
| 11/23/2021 | Pending sale | $122,000$27/sqft |
Source: CIBR #6214741 Report a problem | ||
| 11/11/2021 | Listed for sale | $122,000$27/sqft |
Source: CIBR #6214741 Report a problem | ||
| 9/27/2021 | Contingent | $122,000$27/sqft |
Source: CIBR #6214741 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,252 +0.8% | $43,928 +3.7% |
| 2023 | $4,217 +19.2% | $42,372 +22.4% |
| 2022 | $3,539 +6.4% | $34,604 +7.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,336/mo
Principal & interest
$1630
Property taxes
$588
Home insurance
$118
Climate risks
Neighborhood: 62522
Nearby schools
GreatSchools rating
- 2/10Dennis Lab SchoolGrades: PK-8Distance: 1.2 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 1.5 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.5 mi
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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