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!
For sale
$795,000
228 W Main St, Decatur, IL 62523
14beds
15,080sqft
Multi Family
Built in 1920
-- sqft lot
$712,000 Zestimate®
$53/sqft
$-- HOA
What's special
- 45 days
- 223
- 10
Zillow last checked:
Listing updated:
Listed by:
Mitchell Cohen 847-436-3551,
Cove Realty Inc.
Source: My State MLS,MLS#: 11905745
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
Estimated market value
$712,000
$662,000 - $762,000
$1,040/mo
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
