For sale

$162,000

281 W Prairie Ave, Decatur, IL 62523

--beds

0baths

2,732sqft

Est.:

Quadruplex, Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$59/sqft

$-- HOA

What's special

This building has been a solid income producer for the owner. The units have been upgraded in the last 3-4 years. Landlord pays all utilities. Expense breakdown available to qualified prospects upon request. Building is 100% occupied. Possession is subject to tenants' rights. Selling as-is.

205 days

79

1

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Cooling

None

Appliances

Included: Gas Water Heater, Range, Refrigerator

Features

Basement: Full

Interior area

Total structure area: 2,732
Total interior livable area: 2,732 sqft
Finished area above ground: 1,388

Property

Features

Levels: Two
Stories: 2

Lot

Size: 0.37 Acres

Details

Parcel number: 041215279020
Zoning: O-1
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex, Multi Family

Materials

Foundation: Basement
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Decatur

Financial & listing details

Price per square foot: $59/sqft
Tax assessed value: $30,837
Annual tax amount: $2,960
Date on market: 9/2/2025
Cumulative days on market: 160 days

John Sellers

(217) 433-1879

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Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
12/17/2025	Listed for sale	$162,000$59/sqft
Source: CIBR #6254941 Report a problem
11/27/2025	Pending sale	$162,000$59/sqft
Source: CIBR #6254941 Report a problem
11/6/2025	Contingent	$162,000$59/sqft
Source: CIBR #6254941 Report a problem
9/4/2025	Listed for sale	$162,000+1.9%$59/sqft
Source: CIBR #6254941 Report a problem
7/1/2025	Listing removed	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
2/27/2025	Listed for sale	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
1/29/2025	Contingent	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
1/13/2025	Listed for sale	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
1/7/2025	Contingent	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
12/30/2024	Listed for sale	$159,000$58/sqft
Source: CIBR #6248118 Report a problem
9/7/2021	Listing removed	--
Source: CIBR Report a problem
9/3/2021	Listed for sale	$159,000+44.5%$58/sqft
Source: CIBR #6214967 Report a problem
2/20/2020	Sold	$110,000-4.3%$40/sqft
Source: Agent Provided Report a problem
2/1/2020	Pending sale	$115,000$42/sqft
Source: Vieweg Real Estate - North #6195778 Report a problem
1/20/2020	Price change	$115,000+135.2%$42/sqft
Source: Vieweg Real Estate - North #6195778 Report a problem
8/5/2019	Listed for sale	$48,900$18/sqft
Source: Vieweg Real Estate - North #6195778 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,985 +0.8%	$30,837 +3.7%
2023	$2,960 +17.3%	$29,745 +20.5%
2022	$2,524 +95.2%	$24,681 +96.4%
2021	$1,293 -2.1%	$12,568 +3.8%
2020	$1,321 +43.7%	$12,105 +40.1%
2019	$919 +0.7%	$8,642 -0.3%
2018	$913 -2.1%	$8,671 -2.6%
2017	$932 -1.9%	$8,902 -1%
2016	$950 +5.2%	$8,993 +1.8%
2015	$903	$8,834