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Explore Similar Apartments Within 2 Miles of Martin Luther King, IL

  • /15

    $274,900

    450 W Macon St, Decatur, IL 62522

    Investment Opportunity!Turn-key 6-unit all-brick apartment building offering six spacious 1 bedroom / 1 bath units. Two units are currently rented, with the remaining ready to lease, making this a fantastic opportunity for an investor looking for immediate income potential.Recent updates make this property truly low-maintenance:-Brand new roof (2024)-Replacement windows-Fresh

    Jennifer Miller Main Place Real Estate

    450 W Macon St, Decatur, IL 62522
  • /30

    $840,000

    612 W Macon St, Decatur, IL 62522

    Located in the heart of Decatur, 612 W Macon Street presents a fully renovated 17-unit multifamily asset offering strong current returns and value-add upside. The property features a diverse mix of one-bedroom, one-bathroom units, with one two-bedroom, one-bath unit, catering to a wide range of tenants—from young professionals to small families. Each unit has been upgraded over the past year with

    Cole Babcock Vieweg RE/Better Homes & Gardens Real Estate-Service First

    612 W Macon St, Decatur, IL 62522
  • /31

    $540,000

    320 W Main St, Decatur, IL 62522

    This turnkey 11-unit multifamily building has been fully renovated from top to bottom within the last 12 months, featuring new windows, updated bathrooms, modern flooring, and more. Located just steps from the heart of Downtown Decatur, this well-maintained property offers an attractive mix of one-bedroom, one-bathroom units, along with one two-bedroom, one-bath unit. Its central location

    Cole Babcock Vieweg RE/Better Homes & Gardens Real Estate-Service First

    320 W Main St, Decatur, IL 62522
  • /8

    $69,900

    • 5 Beds
    • 2 Baths
    • 2,556 Sq Ft

    646 W Macon St, Decatur, IL 62522

    Duplex with one long term tenant in place. The upper level has 2 bedrooms and one bath. Spacious open family room. Lower level has 3 Bedrooms with one bath. Both units have washer/dryer hookups. One AC unit, 2024. One WH is 2025. Lower level bath surround is 2025. Well maintained two story brick duplex. Instant income!

    Trisha Beck Beck Realtors, Inc.

    646 W Macon St, Decatur, IL 62522
  • /16

    $795,000

    2480 N Graceland Ave, Decatur, IL 62526

    Great opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals (STR VRBO AirBNB). Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with

    Zane Peterson Main Place Real Estate

    2480 N Graceland Ave, Decatur, IL 62526
  • /41

    $185,000

    1527 W Macon St, Decatur, IL 62522

    LOCATED NEAR MILLIKIN UNIVERSITY! Step into history with this enchanting brick duplex located in a prestigious Westside neighborhood in Decatur, IL, surrounded by other stately homes. This property is perfect for investors looking to expand their portfolios or homeowners seeking a house-hacking opportunity: live in one unit while renting out the other. Tenants pay for their own gas and electric

    Brenda Reynolds Vieweg RE/Better Homes & Gardens Real Estate-Service First

    1527 W Macon St, Decatur, IL 62522
  • /2

    $85,000

    899 W Main St, Decatur, IL 62522

    All-brick multi-family property is located just minutes from downtown Decatur, offering a prime investment opportunity with steady cash flow. The building features three fully-leased units: two one-bedroom apartments upstairs and a spacious two-bedroom unit on the main floor. With all units currently rented and a low-maintenance exterior, this property is a turnkey income generator. Ideal for

    Kristy Frost Main Place Real Estate

    899 W Main St, Decatur, IL 62522

Why Live in Martin Luther King

Martin Luther King neighborhood in Decatur features a mix of historical bungalows and workers' cottages dating back to the 1890s. These homes often have large front porches and dormer windows, though some properties are in disrepair or boarded up. The area sees a mix of homeowners and renters, with some residents utilizing empty lots for tents or storage. The city of Decatur provides various neighborhood assistance programs, including utility repair aid, yard cleanups, and roof replacement initiatives to support residents. Hess Park, located just north of the neighborhood, offers baseball and softball diamonds, basketball courts, and play equipment, and hosts youth leagues and community events. Other nearby parks include Fans Field, Torrence Park, and Garfield Park, which is currently undergoing renovations. Shopping and dining options are limited within the neighborhood, but The House of Meats is a notable local butcher shop. Residents often shop at nearby Family Dollar, Aldi, or Kroger. The neighborhood is centrally located, with buses running along Martin Luther King Jr. Drive and North Water Street, providing easy access to downtown Decatur, shopping plazas, and major employers. Sidewalks are present but can be overgrown. The area has a crime rate comparable to the national average. Students attend schools in Decatur School District, which is highly rated for diversity.

Home Trends in Martin Luther King, IL

Housing Trends

Median Sale Price
$465,375
Median Single Family Sale Price
$56,900
Average Price Per Sq Ft
$222
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$56,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
1,230%
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