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Sold for $375,000 on 09/16/25
  • $375,000

    540 W Main St, Decatur, IL 62522

    --beds
    0baths
    --sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $386,800 Zestimate®
    $--/sqft
    $934 Estimated rent

    Home value

    $386,800

    $321,000 - $468,000

    $934/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 16, 2025 at 11:20am

    Listed by:

    Zane Peterson 217-422-3335,

    Main Place Real Estate

    Bought with:

    Trisha Beck, 471020223

    Beck Realtors, Inc.

    Source: CIBR,MLS#: 6251881MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

    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 sqft
    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 & neighborhood

    Location
    • Region: Decatur
    • Subdivision: Western Add

    Price history

    DateEventPrice
    9/16/2025Sold$375,000-5.1%
    Source: CIBR #6251881
    6/24/2025Pending sale$395,000
    Source: CIBR #6251881
    5/5/2025Listed for sale$395,000+13.2%
    Source: CIBR #6251881
    12/5/2023Listing removed--
    Source: CIBR #6229779
    10/16/2023Listed for sale$349,000-11.6%
    Source: CIBR #6229779

    Public tax history

    Tax history is unavailable.

    Neighborhood: 62522

    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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    An equal housing lender. NMLS #10287.