NOT LISTED FOR SALE

1123 N Main St Decatur, IL 62521

15 Beds
9 Baths
6,140 Sq Ft
0.33 Acres

Last Sold April 08, 2015

Last sale price $74,900 $12 Per Sq Ft

123 Days on Market

About This Home

As of April 2015

2-story all brick apartment complex. Excellent investment. Many updates including new boiler system and chimney liner installed in 2010, and a brand new roof & Industrial sized water heater in 2014!!! Nine units with appliances included; separate electric and gas meters. Owner pays heat, water, sewer, and trash. Plenty of parking off street and the entire parcel is fenced for security. Income and expenses shown here reflect full occupancy. Current vacancy rates are high due to poor management. New management has been hired to increase occupancy. The new owner is NOT required to retain the management company. Purchase includes additional lot to the north (04-12-10-430-015).

Last Agent to Sell the Property

Lisa Campbell

Lyle Campbell & Son Realtors License #471009648 Listed on: 11/09/2014

Last Buyer's Agent

Becca Smart

Brinkoetter, Realtors License #475158825

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,479

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 150 x 96

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 6,140 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Partial Basement

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Full Bathrooms

Schools

  • French Elementary School
  • Macarthur High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for grounds care, heat, hot water, trash collection, water
  • Assessor Parcel Number 04-12-10-430-016

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $8,208
  • Net Operating Income $37,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,479

Lot Details

0

Listing Details

  • Directions: US 51 South (N, Main Street) South of Grand, 2-story brick on west side of street.
  • Lot Size Acres: 0.33
  • Lot Size: 150 x 96
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Gravel, Other
  • Building Stories: 2
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Finished, Unfinished, Partial
  • Basement YN: Yes
  • Full Bathrooms: 9
  • Total Bedrooms: 15
  • Owner Pays: Grounds Care, Heat, Hot Water, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick
  • Roof: Rubber
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: None
  • Heating: Gas, Hot Water
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: French
  • High School: Macarthur
  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 14400.0
  • Parcel #: 04-12-10-430-016
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 37092.0
  • Number Of Units Total: 9
  • Annual Operating Expense: 8208.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1478.98

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2015 04/08/15 Sold $74,900 -6.3% $12 / Sq Ft
03/13/2015 03/13/15 Pending -- -- --
11/09/2014 11/09/14 For Sale $79,900 -- $13 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lisa Campbell

    Lyle Campbell & Son Realtors

    (217) 520-9583

    65 Total Sales

    Lisa Campbell
    Section Image

  • B

    Buyer's Agent in 2015

    Becca Smart

    Brinkoetter, Realtors

    (217) 690-0739

    11 Total Sales

    Becca Smart
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6135912

Illinois Macon County Decatur 62521

1123 N Main St, Decatur, IL

This home is located at 1123 N Main St, Decatur, IL 62521 since 09 November 2014. 1123 N Main St is a home located in Macon County with nearby schools including Hope Academy and St. Patrick School.

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