For sale

$795,000

228 W Main St, Decatur, IL 62523

14beds

15,080sqft

$5,760/mo

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Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$53/sqft

$-- HOA

What's special

RARE downtown investment opportunity has hit the market! This thirteen-unit mixed-use property offers seven upstairs apartments and six retail storefronts at street level with an off-street parking lot on the north side. Most units are individually metered, with landlord responsibilities varying by lease. With room to grow income through future rent adjustments and a prime location on historic West Main Street near Millikin University, this property is full of potential. Please do not disturb tenants!

2 hours

53

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 8
Full bathrooms: 6
1/2 bathrooms: 2

Basement

Area: 3200

Heating

Natural Gas, Forced Air

Features

Central Vacuum
Flooring: Carpet, Tile, Vinyl
Basement: Partial,Partially Finished,Bedrooms(3),Bathrooms(2)
Has fireplace: No

Interior area

Total structure area: 10,415
Total interior livable area: 15,080 sqft
Finished area above ground: 7,215

Property

Features

Stories: 3
Patio & porch: Open Porch, Deck
Exterior features: Balcony, Garden, Corner, Terrace
Has view: Yes
View description: Scenic, Street

Lot

Size: 0.37 Acres

Details

Parcel number: 1215279013
Lease amount: $0

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Tar

Condition

New construction: No
Year built: 1920
Major remodel year: 1975

Utilities & green energy

Electric: Amps(0)

Community & HOA

HOA

Has HOA: No

Location

Region: Decatur

Financial & listing details

Price per square foot: $53/sqft
Annual tax amount: $10,585
Date on market: 7/28/2026
Date available: 07/28/2026
Listing agreement: Exclusive

Mitchell Cohen

(847) 436-3551

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Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/28/2026	Listed for sale	$795,000$53/sqft
Source: My State MLS #11905745 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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