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320 West Main Street 320 W Main St 11 Unit Apartment Building $495,000 ($45,000/Unit) 14.50% Cap Rate Decatur, IL 62522

Apartment Buildings Illinois Decatur 320 W Main St, Decatur, IL 62522

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Investment Highlights

  • Solid brick construction
  • Can be sold as a package with a 17 unit close-by.
  • Renovated

Executive Summary

TURNKEY APARTMENTS!!!
Solid brick construction. 10 x 1bed/1bath units. 1 x 2bed/1bath units, total of 11 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 17 unit close-by.
Do not miss out on this amazing opportunity.

Attachments

Property Flyer 320 West Main Street, Decatur, IL

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $94,200 $15.70
Other Income - -
Vacancy Loss - -
Effective Gross Income $94,200 $15.70
Taxes $4,326 $0.72
Operating Expenses $18,100 $3.02
Total Expenses $22,426 $3.74
Net Operating Income $71,774 $11.96

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $94,200
Annual Per SF $15.70
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $94,200
Annual Per SF $15.70
Taxes
Annual $4,326
Annual Per SF $0.72
Operating Expenses
Annual $18,100
Annual Per SF $3.02
Total Expenses
Annual $22,426
Annual Per SF $3.74
Net Operating Income
Annual $71,774
Annual Per SF $11.96

Property Facts

Price $495,000 Building Class C
Price Per Unit $45,000 Lot Size 0.20 AC
Sale Type Investment Building Size 7,900 SF
Cap Rate 14.50% Average Occupancy 100%
No. Units 11 No. Stories 3
Property Type Multifamily Year Built 1939
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Parking Ratio 1.39/1,000 SF
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning MUNICIPAL
Price $495,000
Price Per Unit $45,000
Sale Type Investment
Cap Rate 14.50%
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 7,900 SF
Average Occupancy 100%
No. Stories 3
Year Built 1939
Parking Ratio 1.39/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning MUNICIPAL

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $700.00 -
2+1 1 $850.00 -

Links

1 1
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 04-12-15-256-013 Total Assessment $44,686 (2024)
Land Assessment $7,744 (2024) Annual Taxes $4,326 ($0.55/SF)
Improvements Assessment $36,942 (2024) Tax Year 2026

Property Taxes

Parcel Number
04-12-15-256-013
Land Assessment
$7,744 (2024)
Improvements Assessment
$36,942 (2024)
Total Assessment
$44,686 (2024)
Annual Taxes
$4,326 ($0.55/SF)
Tax Year
2026
(754) 251-0201

Still interested?

Contact the broker for more information about this property

Contact

  • Eli Ahmadov
    Eli Ahmadov

  • Listing ID: 39693951

  • Date on Market: 3/6/2026

  • Last Updated:

  • Address: 320 W Main St, Decatur, IL 62522

More public record information on 320 W Main St, Decatur, IL 62522

The Multifamily Property at 320 W Main St, Decatur, IL 62522 is currently available for Sale. Contact LOYD Realty for more information.

NEARBY LISTINGS

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1 of 1
320 West Main Street | 320 W Main St
(754) 251-0201 x

320 West Main Street | 320 W Main St

Eli Ahmadov
(754) 251-0201

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