For Sale
$30,000

1244 Prairie Ave Decatur, IL 62521

Two-unit apartment building, great upside.

Overview

Added:
Dec 11, 2024
Days on market:
127
This Decatur, Illinois duplex presents a compelling value-add opportunity for investors. Located at 1244 E Prairie Ave, in Macon County, zip code 62521 (39.8430787, -88.9395788), this Class D multifamily property is offered at an asking price of $30,000. The building comprises two units: a three-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit. Currently configured as a duplex, the property offers significant potential for renovation and repositioning. With some improvements and tender loving care, this property could be a strong performer. The property's current configuration allows for immediate rental income generation, while the potential for conversion to a four-bedroom, two-bathroom single-family home provides additional flexibility and upside. This is an excellent opportunity to acquire a property in Decatur, Illinois with significant potential for increased value and rental income. The property is currently listed with a 0.00% cap rate, indicating potential for significant return on investment following improvements. Serious inquiries are encouraged.

Highlights

  • $30,000 asking price.
  • Two-unit multifamily apartment building.
  • Class D property located in Decatur, Illinois.
  • Address: 1244 E Prairie Ave, Decatur, IL 62521.
  • One unit features three bedrooms and one bath; the other has one bedroom and one bath.
  • Value-add opportunity; potential for conversion to a single-family home.

Property Details for 1244 Prairie Ave

Property type
Apartment buildings
Class
D
Units
2

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.8430787
Longitude
-88.9395788
1244 Prairie Ave, Decatur, Illinois

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, great upside.
Where is the apartment building located?
The property is located at 1244 Prairie Ave Decatur, IL.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: $30,000 asking price.; Two-unit multifamily apartment building.; Class D property located in Decatur, Illinois.
How can I contact the broker?
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1244 Prairie Ave
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