For Sale
$599,000
135 Prairie Ave Decatur, IL 62523
Four-unit building, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- Four-unit apartment building located at 135 E. Prairie Avenue, Decatur, IL.
- Built in 1880, this one-story building sits on a 0.06-acre lot in a desirable downtown location.
- Strong NOI of $49,865, yielding an 8.32% cap rate.
- All four units are currently rented as loft condos with cathedral ceilings and exposed brick.
- $50,000 in capital improvements in the last two years, including a new roof.
- Asking price: $599,000 ($149,750 per unit). Zoned MUN.
Property Details for 135 Prairie Ave
- Property type
- Apartment buildings
- Year Built
- 1880
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 2,614 SF
- Units
- 4
Location Insight
- City
- Decatur
- County
- Macon
- State
- Illinois
- Latitude
- 39.842478970984
- Longitude
- -88.9550720986
135 Prairie Ave, Decatur, Illinois
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Four-unit building, high ROI.
- Where is the apartment building located?
- The property is located at 135 Prairie Ave Decatur, IL.
- What is the asking price?
- The asking price for this property is $599,000.
- What are key features of this property?
- This property features: Four-unit apartment building located at 135 E. Prairie Avenue, Decatur, IL.; Built in 1880, this one-story building sits on a 0.06-acre lot in a desirable downtown location.; Strong NOI of $49,865, yielding an 8.32% cap rate.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website