540 W Main Street Decatur IL 62522 MLS #6251881

540 W Main Street
Decatur, IL, 62522
$395,000
Beds
0 Baths
0 SqFt
0.22 Acres
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The Garden Apartment building is a 9 unit low-rise multifamily property. Mid-century design with all brick and steel construction. Nice sized units (6 two bedroom units & 3 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces with additional ample street parking. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur to the East and Millikin University to the West. Capital improvements in the last 10 years included new boiler, furnace, water heater, and all new appliances. Stabilized third-party property management is in place. A profitable opportunity awaits for the right investor! Contact investment broker for all inquiries.

Property Details

Price:
$395,000
MLS #:
6251881
Status:
Active
Beds:
0
Baths:
0
Address:
540 W Main Street
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Western Add
City:
Decatur
Listed Date:
May 5, 2025
State:
IL
ZIP:
62522
Lot Size:
9,750 sqft / 0.22 acres (approx)
Year Built:
1961
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Schools

School District:
Decatur Dist 61

Interior

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Gas Water Heater
Cooling
Wall Units
Heating
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Financial

Tax Year
2023
Taxes
$8,655

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