1244 Prairie AveDecatur, IL 62521
- Apartment buildings
Property Details for 1244 Prairie Ave
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Decatur
- County
- Macon
- State
- Illinois
- Latitude
- 39.8431
- Longitude
- -88.9396
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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