1090 W Main Street

    Decatur, IL 62522
    • $725,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 6201553
    UPDATED: 58 min ago
    $725,000
    • 1
      BEDS
    • 0.15
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    The offering is a unique opportunity to acquire nine properties which are historically and currently student housing all within a two block radius from Millikin University located on the near west-end of Decatur, Illinois. Huge future development upside. The properties are rented to college students at a per bedroom rate ranging between $325 to $450 per month. There are approximately 47 bedrooms in the total package. The seller started purchasing homes and assembling the college housing portfolio nearly two decades ago. The seller has independently managed and maintained the properties. (Package includes nine properties on West Main with the following addresses: 1044, 1047, 1058, 1064, 1070, 1076, 1080, 1082, 1090). DO NOT disturb tenants. Contact commercial brokers for more information.

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    © 2020 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2020-06-01T23:27:40.363.
    www.mainplace.us/homes/105531843

    1090 W Main Street Decatur, IL 62522

    • Price: $725,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 6201553
    1
    Beds
    2
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,000
    SQFT
    $363
    $/SQFT
    1910
    Built
    Neighborhood:
    Decatur
    County:
    Macon
    Area:
    Decatur
    School District:
    Decatur Dist 61
    Property Description
    The offering is a unique opportunity to acquire nine properties which are historically and currently student housing all within a two block radius from Millikin University located on the near west-end of Decatur, Illinois. Huge future development upside. The properties are rented to college students at a per bedroom rate ranging between $325 to $450 per month. There are approximately 47 bedrooms in the total package. The seller started purchasing homes and assembling the college housing portfolio nearly two decades ago. The seller has independently managed and maintained the properties. (Package includes nine properties on West Main with the following addresses: 1044, 1047, 1058, 1064, 1070, 1076, 1080, 1082, 1090). DO NOT disturb tenants. Contact commercial brokers for more information.
    Exterior Features

    Construction Materials Vinyl Foundation Material Brick/Masonry Foundation Type Full Basement Lake Front Yn No Road Surface Type Concrete Roof Asphalt Style Other

    Interior Features

    Appliances None Basement Unfinished Basement Finished Sqft 0 Basement Sqft 0 Basement Unfinished Sqft 0 Basement Yn Yes Cooling Central Heating Forced Air Laundry On Main Yn No Master Bath Yn No Master Bedroom On Main Yn Yes Number Of Fireplaces 0 Sqft Main 2000 Total Above Grade Sqft 2000 Upper1 Sqft 0

    Property Features

    Factory Built No Lot Size Square Feet 6320.00 Property Sub Type Single Family Restrictions Yn No Sewer Desc City Sewer Special Listing Conditions None Subdivision Yn Yes Tax Amount 1878.00 Tax Exemption None Tax Year 2018 Water Heater Other Water Source Public Zoning R-6

    Listing information © 2020 Central Illinois Board of Realtors MLS.
    Listing provided courtesy of Chris Harrison of Main Place Real Estate.


    © 2020 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2020-06-01T23:27:40.363.
     
    Main Place Real Estate
    101 S Main Street, Suite 103
    Decatur IL, 62523