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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Owner options
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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#: 6251881
Originating 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
| Date | Event | Price |
|---|---|---|
| 9/16/2025 | Sold | $375,000-5.1% |
Source: | ||
| 6/24/2025 | Pending sale | $395,000 |
Source: | ||
| 5/5/2025 | Listed for sale | $395,000+13.2% |
Source: | ||
| 12/5/2023 | Listing removed | -- |
Source: | ||
| 10/16/2023 | Listed for sale | $349,000-11.6% |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 62522
Nearby schools
GreatSchools rating
- 2/10Dennis Lab SchoolGrades: PK-8Distance: 1 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.2 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 1.7 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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