135 E Prairie Ave Unit 1-4, Decatur, IL, 62523

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135 E Prairie Ave Unit 1-4, Decatur$599,000

Buyer Closing Credits

$7,113^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeQuadruplex

Year Built1880

CoolingCentral Air

MLS #6245377

Lot Size0.06 Acres

StatusActive

About 135 E Prairie Ave Unit 1-4

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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Property Details

Property Features

Property Information:

• Year Built: 1880
• Stories: 1

Listing Office:

• Office Name: Main Place Real Estate
• Office Phone: (217) 422-3335

Interior Features

Interior Information:

• Appliances: Water Heater

Lot Features

Lot Information:

• Lot Size: 0.06 Acres

Utilities

Utilities Information:

• Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

• List Price: $599,000

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Housing Market Comparison

See how this home compares to others in Decatur, IL.

Decatur, IL

City

Med. Sold Price

$123K

Med. Price/SqFt

$72

Avg. Days On Market

40

# of Sold Homes

89

135 E Prairie Ave Unit 1-4 vs Decatur

13 DAYS ON ROCKET

-27 Days

$599,000

+$475.9K More

KEY TAKEAWAY

This property is $475.9K more than the Median Sold Price in Decatur, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: CentralIL
• MLS Number: #6245377

Listing Office:

• Office Name: Main Place Real Estate
• Office Phone: (217) 422-3335

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. 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 deemed reliable but not guaranteed. Copyright© 2024 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 9:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Illinois›Macon County›Decatur›62523›135 E Prairie Ave Unit 1-4

This home is located at 135 E Prairie Ave Unit 1-4 in Decatur, IL and zip code 62523. This home, which was built in 1880, sits on a 0.06 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $599,000.

In November 2024 more than 25 listings in Decatur, IL were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 48 were sold below. The inventory of homes for sale in Decatur, IL between October 2024 and November 2024 decreased by 7.3%. Listings spent 40 days on the market in November 2024, and had a median list price of $123,004 during the same period.

From Rocket Homes Real Estate and based on county public records data.