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Residential Portfolio For Sale 12 Multifamily Properties Offered at $575,000 in Decatur, IL
INVESTMENT HIGHLIGHTS
- Portfolio of 12 properties with 15 rentable units
- Estimated cap rate of 12.41% with stable cash flow
- Strong rental demand supported by major employers
- Strategic Central Illinois location with I-72 access
EXECUTIVE SUMMARY
This Decatur residential portfolio presents a rare opportunity to acquire a diversified package of 12 rental properties strategically positioned across a proven Central Illinois market. Comprising ten single-family homes, one duplex, and one tri-plex, the portfolio offers a total of 15 units catering to a range of tenant needs. With strong rental demand driven by major employers such as ADM, Caterpillar, and leading healthcare providers, investors can expect stable occupancy and reliable cash flow.
The offering delivers an estimated cap rate of 12.41% and a proforma NOI of $71,339, making it an attractive option for those seeking immediate income and long-term growth potential. Decatur’s connectivity via I-72 enhances accessibility to regional hubs, while its affordable housing and robust workforce base ensure sustained demand. This portfolio is well-suited for investors looking to scale their holdings in a market characterized by economic stability and opportunity for rental rate growth.
The offering delivers an estimated cap rate of 12.41% and a proforma NOI of $71,339, making it an attractive option for those seeking immediate income and long-term growth potential. Decatur’s connectivity via I-72 enhances accessibility to regional hubs, while its affordable housing and robust workforce base ensure sustained demand. This portfolio is well-suited for investors looking to scale their holdings in a market characterized by economic stability and opportunity for rental rate growth.
PROPERTY FACTS
| Price | $575,000 | Number of Properties | 12 |
| Price / SF | $47.53 / SF | Individually For Sale | 0 |
| Cap Rate | 12.41% | Total Building Size | 12,098 SF |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Status | Active |
| Price | $575,000 |
| Price / SF | $47.53 / SF |
| Cap Rate | 12.41% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 12,098 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1146 S 21st St, Decatur, IL 62521 | Multifamily | 2,000 SF | 1900 | - |
| 1136 S 21st St, Decatur, IL 62521 | Multifamily | 1,710 SF | 1929 | - |
| 1441 W Wood St, Decatur, IL 62522 | Multifamily | 1,100 SF | 1900 | - |
| 1829 N Martin Luther King Jr Dr, Decatur, IL 62526 | Multifamily | 1,032 SF | 1923 | - |
| 135 S 23rd St, Decatur, IL 62521 | Multifamily | 1,016 SF | 1920 | - |
| 2270 E Wood St, Decatur, IL 62521 | Multifamily | 936 SF | 1940 | - |
| 677 S 22nd St, Decatur, IL 62521 | Multifamily | 900 SF | 1948 | - |
| 2165 E Decatur St, Decatur, IL 62521 | Multifamily | 700 SF | 1900 | - |
| 2275 E Wood St, Decatur, IL 62521 | Multifamily | 700 SF | 1900 | - |
| 335 S 22nd Pl, Decatur, IL 62521 | Multifamily | 700 SF | 1900 | - |
| 1076 W Packard St, Decatur, IL 62522 | Multifamily | 680 SF | 1927 | - |
| 2075 N Woodford St, Decatur, IL 62526 | Multifamily | 624 SF | 1920 | - |
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