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552 S Church St
Decatur, IL 62522
Decatur Flats · Multifamily Property For Sale
·
109 Units
Investment Highlights
- In-Place 7% Cap Rate
- All Brick Construction
- Strong Market Appreciation: Home Values +12% Y-o-Y(2024)
- Affordable Basis: Offered $60k/unit
- Attractive Unit Mix: 20% 1 Bed, 60% 2 Bed, 20% 3 Bed
- Illinois Broker of Record: Steven Weinstock One Mid America Plaza,Ste. 200 Oakbrook Terrace, IL 60181 P:(630) 570-2200Steven.Weinstock@MarcusMillichap
Property Facts
| No. Units | 109 | Building Size | 92,750 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 4.30 AC | ||
| Zoning | M1-1 | ||
| No. Units | 109 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.30 AC |
| Building Size | 92,750 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | M1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 702 |
| 2+1 | 69 | - | 870 |
| 3+1 | 2 | - | 1,250 |
| 3+1.5 | 11 | - | 1,250 |
| 3+2 | 5 | - | 1,300 |
Property Taxes
| Parcel Number | 04-12-15-430-001 | Improvements Assessment | $1,491,661 |
| Land Assessment | $258,339 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
04-12-15-430-001
Land Assessment
$258,339
Improvements Assessment
$1,491,661
Total Assessment
$1,750,000
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