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709 Main Street

Decatur, IL 62522
  • $125,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 6228590
UPDATED: 69 min ago
$125,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

School District:

Description

Four unit multi-family value add opportunity FOR SALE. This building has four one bed one bathroom apartments in Decaturs historical West End. Three of the four units are currently rented out, bringing in $1625 monthly.This is listed at a 12% cap rate which is a great deal in todays market. The property has parking and apartment access from the rear as well as the front of the building. This building is two stories and is a brick building with venal siding on the back of the building. For more information, contact your broker today.

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© 2023 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: 2023-09-21T23:27:45.103.
www.mainplace.us/homes/142270464
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709 Main Street Decatur, IL 62522

  • Price: $125,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 69 min ago
  • MLS #: 6228590
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1910
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
Four unit multi-family value add opportunity FOR SALE. This building has four one bed one bathroom apartments in Decaturs historical West End. Three of the four units are currently rented out, bringing in $1625 monthly.This is listed at a 12% cap rate which is a great deal in todays market. The property has parking and apartment access from the rear as well as the front of the building. This building is two stories and is a brick building with venal siding on the back of the building. For more information, contact your broker today.
Exterior Features

Carport Spaces 0 Carport YN No Garage YN No Levels Two Roof Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Gaswaterheater Cooling Centralair Cooling YN Yes

Property Features

Gross Scheduled Income 1800 Lease Considered YN Yes Operating Expense 0 Owner Pays NoneOther Possession Closing Property Sub Type Quadruplex Sewer Publicsewer Special Listing Conditions None Tax Annual Amount 1944 Tax Legal Description L 13 B 00 Res Of L 2-3-4 Or Blk 3 Of Prather & Adamsons Add Of O L N 1/2 Lt 12 & W 16 711 W Main St Tif 150X56 58 04 2 04 0033 000 00 Tax Year 2021 Water Source Public Zoning Mun

Listing information © 2023 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Tim Vieweg of Vieweg Real Estate: 217-450-8500.


© 2023 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: 2023-09-21T23:27:45.103.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523