612 W Macon St - Apartments FOR SALE


Decatur, IL 62522
$840,000 USD
217-433-0839
612 W Macon St, Decatur, IL for Sale
$840,000 USD
Apartments - FOR SALE
1/30
null | 7.76% Cap Rate

612 W Macon St
Decatur, IL 62522


OVERVIEW

This well-established 17-unit multifamily property offers an excellent investment in the heart of Decatur. Situated within walking distance of downtown amenities, residents enjoy convenient access to shopping, dining, schools, parks, and public transportation. The property features a variety of unit floor plans, on-site laundry, off-street parking, and a landscaped courtyard, appealing to both professionals and families. Close proximity to major roadways ensures easy commuting, while the building’s solid condition and consistent rental demand make it a compelling opportunity for investors seeking steady cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$43 USD /SF

# OF UNITS

17

PRICE/UNIT

$49,412

CAP RATE

7.76%

% LEASED

76%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,373 SF

ZONING

MUNICIPAL

APN/PARCEL ID

04-12-15-326-037

ASK ABOUT THIS PROPERTY

Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

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Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.