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- LoopNet Team
540 W Main St
Decatur, IL 62522
540 Garden Apartments · 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/Renovated | 1961/2016 |
| 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/Renovated | 1961/2016 |
| 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 9 unit low-rise multifamily property. Mid-century design with 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 off-street parking spaces available. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur to the East and Millikin University to the West. Over $50,000 of capital improvements in the last 3 years included new boiler, furnace, water heater, 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 | $505.00 | - |
| 2+1 | 5 | $657.50 | - |
PROPERTY TAXES
| Parcel Number | 04-12-15-254-015 | Improvements Assessment | $80,103 |
| Land Assessment | $10,056 | Total Assessment | $90,159 |
PROPERTY TAXES
