Multi-family apartment complex for sale near Millikin University. The exterior brick building has 9 units with a concrete lot and street parking. A possible 10th unit is currently used as storage but can be transformed into an additional available property for RENT. Some units have balconies. A Gross Potential Income of $72,000 with approximate Expenses of $15,600 annually allows for significate income potential!! The property is in a prime location near Downtown Decatur with easy access to shopping, dining, and entertainment. Contact us today to schedule a viewing!
Sold for $159,897 on 05/19/23
$159,897
701 W Prairie Ave, Decatur, IL 62522
16beds
10baths
--sqft
Multi Family
Built in 1929
-- sqft lot
$225,300 Zestimate®
$--/sqft
$882 Estimated rent
Home value
$225,300
$185,000 - $275,000
$882/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 22, 2023 at 01:24pm
Listed by:
Jim Cleveland 217-428-9500,
RE/MAX Executives Plus
Bought with:
Jim Cleveland, 471008537
RE/MAX Executives Plus
Source: CIBR,MLS#: 6226577
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 10
Heating
- Gas
Cooling
- Other
Appliances
- Included: Gas Water Heater
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Features
- Stories: 4
Lot
- Size: 9,147 sqft
Details
- Parcel number: 041215179012
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Other
Condition
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Decatur
- Subdivision: Diller & Moores Add
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2023 | Sold | $159,897 |
Source:  CIBR #6226577 | ||
| 4/4/2023 | Pending sale | $159,897 |
Source: CIBR #6226577 | ||
| 3/28/2023 | Listed for sale | $159,897+50.1% |
Source: CIBR #6226577 | ||
| 9/7/2018 | Sold | $106,500-11.2% |
Source: CIBR #6181672 | ||
| 8/8/2018 | Pending sale | $119,900 |
Source: Brinkoetter & Associates #6181672 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 62522
Nearby schools
GreatSchools rating
- 2/10Dennis Lab SchoolGrades: PK-8Distance: 0.9 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.1 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: Decatur Dist 61
Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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