The Garden Apartment building is a 9 unit low-rise multifamily property. Mid-century design with all brick and steel construction. Nice sized units (6 two bedroom units & 3 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces with additional ample street parking. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur to the East and Millikin University to the West. Capital improvements in the last 10 years included new boiler, furnace, water heater, and all new appliances. Stabilized third-party property management is in place. A profitable opportunity awaits for the right investor! Contact investment broker for all inquiries.
Pending
$395,000
540 W Main St, Decatur, IL 62522
--beds
0baths
--sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brick and steel constructionCovered parking spacesNice sized units
- 50 days
- on Zillow |
- 373 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: June 24, 2025 at 01:12pm
Listed by:
Zane Peterson 217-422-3335,
Main Place Real Estate
Source: CIBR,MLS#: 6251881
Originating MLS: Central Illinois Board Of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Hot Water
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Water Heater
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,583.2 Square Feet
Details
- Parcel number: 041215254015
- Zoning: R-6
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Other
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Western Add
Location
- Region: Decatur
Financial & listing details
- Annual tax amount: $8,655
- Date on market: 5/5/2025
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