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540 W Main St
Decatur, IL 62522
Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 9,960 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1961 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Zoning | MUNICIPAL - R-6 (residential multi-family) | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,960 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | MUNICIPAL - R-6 (residential multi-family) |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 540 W MAIN ST , DECATUR, IL 62522
The Garden Apartment building is a well managed and maintained 9 unit multifamily property. All brick and steel construction. Nice sized units (5 two bedroom units & 4 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces and additional parking spaces available. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur and Millikin University. Over $50,000 of capital improvements in the last 3 years included new boiler/furnace and all new appliances. A profitable opportunity awaits for the right investor!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $547.50 | 725 |
| 2+1 | 5 | $572.50 | 850 - 1,800 |
PROPERTY TAXES
| Parcel Number | 04-12-15-254-015 | Improvements Assessment | $80,103 |
| Land Assessment | $10,056 | Total Assessment | $90,159 |
PROPERTY TAXES
