135 E Prairie Avenue 1-4 Decatur, IL 62523
Listing Courtesy of: Central Illinois Board of Realtors / Main Place Real Estate

  135 E Prairie Avenue 1-4 Decatur, IL 62523

Active (32 Days)

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.

MLS #:
6245377
Taxes
$2,297(2022)
Lot Size
2,721 SQFT
Type
Multifamily
Year Built
1880
School District
Decatur Dist 61
County
Macon County
Community
Lease

Listed By

Zane Peterson, Main Place Real Estate
Source
Central Illinois Board of Realtors
Last checked Sep 16 2024 at 7:11 PM CDT
Bathroom Details
Interior Features
  • Water Heater
Subdivision
  • Lease
Heating and Cooling
  • Central Air
Exterior Features
  • Roof: Other
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 1
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Copyright 2024 Central Illinois Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 9/16/24 12:11