552 S Church St - Apartments FOR SALE
Decatur, IL 62522 |
$6,640,000 USD
317-728-8854
552 S Church St
Decatur, IL 62522
HIGHLIGHTS
- In-Place 7% Cap Rate
- Affordable Basis: Offered $60k/unit
- All Brick Construction
- Attractive Unit Mix: 20% 1 Bed, 60% 2 Bed, 20% 3 Bed
- Strong Market Appreciation: Home Values +12% Y-o-Y(2024)
- Illinois Broker of Record: Steven Weinstock One Mid America Plaza,Ste. 200 Oakbrook Terrace, IL 60181 P:(630) 570-2200Steven.Weinstock@MarcusMillichap
FOR SALE DETAILS
PRICE
$6,640,000 USD
PRICE/SF
$72 USD /SF
# OF UNITS
109
PRICE/UNIT
$60,917
CAP RATE
7.01%
% LEASED
96%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Decatur Flats
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1968
PARKING SPACES
140
LAND DETAILS
LAND ACRES
4.3 AC
LAND SF
187,308 SF
ZONING
M1-1
APN/PARCEL ID
04-12-15-430-001
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317-728-8854
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317-728-8854
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