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Enterprise Home for Sale

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    $2,350,000

    • 12,720 Sq Ft

    1740 S Fairview Ave, Decatur, IL 62521

    Prime Investment Opportunity - 65-Unit Multifamily Property Near Millikin University Welcome to an exceptional investment opportunity! This 65-unit residential property offers strong income potential, strategically positioned just 1.5 miles from Millikin University. With a current cap rate of 7.71 0/0 and a GRM of 6.95, this asset is priced based on existing income figures-reflecting the low 66

    Nate Evans eXp Realty-Mahomet

    1740 S Fairview Ave, Decatur, IL 62521

Why Live in Enterprise

Enterprise, a neighborhood in far southwest Decatur, is known for its well-maintained properties and established community, with homes selling quickly when they come on the market. Enterprise features a variety of home styles, including ranch-style homes, split-levels, and colonial-inspired two-story homes, all situated on spacious lots. Residents have numerous parks within a few miles, such as Borg Warner Field for soccer, Rotary Park for baseball and softball and the Rock Springs Conservation Area, which offers bike trails, kayaking, cross-country skiing and educational programs. Golfers can choose between the public Red Tail Run Golf Course and the private South Side Country Club. Local dining and entertainment options include The Crowbar and Friendly Bar & Grill. Shopping needs are met at nearby Dollar General and South Towne Plaza, anchored by Kroger. Enterprise is approximately 3 miles from Downtown Decatur, with easy access to Illinois State Routes 48 and 105, as well as Highways 51 and 36, making it convenient for commuting. Decatur Airport is 7 miles away.

Frequently Asked Questions

Is Enterprise a good place to live?
Enterprise is a good place to live. Enterprise is considered car-dependent and somewhat bikeable. Enterprise has 9 parks for recreational activities. It has a median age of 49. The average household income is $72,417 which is below the national average. College graduates make up 28.7% of residents. A majority of residents in Enterprise are home owners, with 23.5% of residents renting and 76.5% of residents owning their home. A local real estate agent serving Enterprise can help you decide if this neighborhood is the right one for you. Learn more on our Enterprise neighborhood guide.
Is Enterprise, IL a safe neighborhood?
Enterprise, IL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Enterprise?
The median home price in Enterprise is $157,400. If you put a 20% down payment of $31,500 and had a 30-year fixed mortgage with an interest rate of 6.06%, your estimated principal and interest payment would be $760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Enterprise. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Enterprise is $72K.
What are the best public schools in Enterprise?
The best public schools that serve Enterprise are:
What are the best private schools in Enterprise?
The best private schools that serve Enterprise are:
What are the most popular zip codes in Enterprise, Decatur, IL?
The most popular zip codes in Enterprise, Decatur, IL include 62521, 62522, 62526, 62544 and 62549.
What are the most popular neighborhoods near Enterprise, Decatur, IL?
The most popular neighborhoods near Enterprise, Decatur, IL are South Shores, Near West, West End, Southside and Rock Springs.

Home Trends in Enterprise, IL

Housing Trends

Median Sale Price
$149,950
Median Single Family Sale Price
$149,950
Average Price Per Sq Ft
$90
Number of Homes for Sale
0
Last 12 months Home Sales
6
Months of Supply
0.00
Median List Price
$157,400
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
67%
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