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Off market
  • $83,600

    505 W Prairie Ave, Decatur, IL 62522

    3beds
    1,850sqft
    MultiFamily
    Built in 1896
    -- sqft lot
    $83,600 Zestimate®
    $45/sqft
    $1,080 Estimated rent

    Home value

    $83,600

    $64,000 - $105,000

    $1,080/mo

    Zestimate® history
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    $1,080/mo

    Rent Zestimate®

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    $500/mo

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    $500/mo

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    What's special

    Invest here!! Gorgeous piece of history in the heart of downtown Decatur . This two possibly three unit investment property has separate utilities for each unit in place and upper unit already under lease for you. Basement unfinished but could easily convert to a third unit for a maximum monthly income. All new wiring, new waterline, newer boiler, kitchen updates, new foundation, new basement windows & newer roof. Upper unit with balcony off the back overseeing the driveway and 1 car detached garage.(electricity in place) Includes empty lot to the west. Front covered porch is the perfect perch for overseeing the historic neighborhood and relaxing with family and friends. Just steps to downtown for easy shopping, nightlife and dining. Opportunity awaits for your chance on this investment!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,850 sqft

    Property

    Parking
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Wood
    Lot
    • Size: 3,049 sqft
    Details
    • Parcel number: 041215254009

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    Condition
    • Year built: 1896

    Community & neighborhood

    Community
    • Community features: On Site Laundry Available
    Location
    • Region: Decatur

    Other

    Other facts
    • Living room
    • Vintage

    Price history

    DateEventPrice
    3/1/2016Listing removed$59,000$32/sqft
    Source: Brinkoetter & Associates
    9/29/2015Listed for sale$59,000-73.8%$32/sqft
    Source: Brinkoetter & Associates
    1/2/2009Sold$225,000$122/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024$2,421 +0.8%$25,010 +3.7%
    2023$2,401 +38.9%$24,125 +42.8%
    2022$1,728 +6.4%$16,898 +7.1%

    Find assessor info on the county website

    Neighborhood: 62522

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.