Decatur, IL Multifamily Homes & Duplexes for Sale

This well-maintained triplex, located near Millikin University, is perfect for student housing or multi-tenant rental. With a gross income potential of $1,800/month when fully occupied, it’s a strong addition to any investment portfolio. Recent updates include bathroom renovations (2014 & 2015), kitchen upgrades (2013), a new roof (2013), a furnace (2010), electrical improvements (2016), and

Brittany Rathje Main Place Real Estate

Triplex rental! This historic charmer boasts a one-bedroom unit on the main level with large windows for plenty of natural light. Unit also offers basement access with laundry. 2nd floor unit is a 1-bedroom featuring in unit washer and dryer with a great-sized living room and bedroom. 3rd story offers a studio with a den. This is a great location for Millikin students!! Add this one to your

Debra Jones Lyle Campbell & Son Realtors

Located just minutes from the proposed racino and sports development district, this property offers more than just a home"it's a chance to get ahead of a transformative community project. Whether you're a homesteader seeking space, self-sufficiency, and serenity, or an investor with an eye for opportunity, this location checks all the boxes. Set back 300 feet from the road on 12.63 acres,

Derek Eisenberg CRE Realty

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

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

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.

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

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

Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof.

Zane Peterson Main Place Real Estate

Discover a prime investment opportunity with this multifamily property located within walking distance of Millikin University. Boasting 18-bedrooms : 16 tenant bedrooms fully furnished with queen and/or twin bed, mattress and dresser. 2 of the bedrooms with full baths used for facility director located on main floor.4.5 tenant bathrooms-all full baths have showers and were remodeled in the

Tonya Feller Vieweg RE/Better Homes & Gardens Real Estate-Service First