For more information regarding the value of a property, please contact us for a free consultation.
657 W Main Street Decatur, IL 62522
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $232,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11665454
Sold Date 02/23/23
Year Built 1979
Annual Tax Amount $3,782
Tax Year 2021
Lot Size 7,405 Sqft
Lot Dimensions 50 X 140
Property Description
Cashflow from Day 1 with this All-Brick 10 Unit within half a mile from Millikin University. Two 1 bedroom units, and 8 Efficiencies. Each unit has forced air and newer heating and cooling wall systems. Separate meters for all units. Some units have been updated and Gross Potential Rents are $4,575. Actual rents are $3300 as owner has just finished updating 3 vacant units that are ready to be leased by the new owner or can be filled prior to closing. Strong DEMAND for these units which could help new owner raise rents for instant VALUE ADD potential. 2020 150 Gallon Water Heater. Improvements Since 2008 - replacement windows, refurbished baths, fire alarm system, electrical, flooring and parking lot in the back! Great for first time or seasoned investor.
Location
State IL
County Mason
Interior
Fireplace N
Exterior
View Y/N true
Read Less
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Inactive Inactive • Baird & Warner Fox Valley - Geneva
GET MORE INFORMATION