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135 E Prairie Avenue , 1-4

Decatur, IL 62523
  • $599,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 6245377
UPDATED: 232 min ago
$599,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Ratings & Info

School District:

Description

Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.

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© 2024 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: 2024-10-06T00:27:59.143.
www.mainplace.us/homes/153769186
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135 E Prairie Avenue , 1-4 Decatur, IL 62523

  • Price: $599,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 232 min ago
  • MLS #: 6245377
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1880
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.
Exterior Features

Carport Spaces 0 Carport YN No Garage YN No Levels One Roof Other Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Water Heater Cooling Central Air Cooling YN Yes

Property Features

Gross Scheduled Income 69420 Lease Considered YN Yes Operating Expense 19560 Possession Closing Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2297 Tax Legal Description PRAIRIE STREET CONDOS- THIRD FLOOR RES OF LTS 1-2-3-4-8 BLK 2 OF ORIGINAL TOWN OF DECATUR LOT 1 UNIT 3 TIF Tax Year 2022 Tenant Pays All Utilities Water Source Public Zoning MUN

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate: 217-422-3335.


© 2024 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: 2024-10-06T00:27:59.143.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523