$565,000
PENDING $34K PRICE DROP

135 E Prairie Ave Unit 1-4 Decatur, IL 62523

Millikin Home Neighborhood

Estimated payment $3,166/month

Total Views 16,741
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • 1-Story Property
  • 2-minute walk to Central Park

About This Home

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. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.

Listing Agent

Zane Peterson

Main Place Real Estate License #471020044 Listed on: 08/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 1880

Home Design

  • Quadruplex

Utilities

  • Central Air
  • Water Heater

Additional Features

  • 1-Story Property
  • 2,721 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 04-12-15-282-033

Community Details

Overview

  • 4 Units
  • Lease Subdivision

Building Details

  • Operating Expense $19,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,297

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Lot Size Acres: 0.06
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Subdivision Name: Lease
  • Year Built: 1880
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Water Heater
  • Stories: 1

Exterior Features

  • Roof: Other
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 2721.0
  • Parcel #: 04-12-15-282-033
  • Zoning: MUN

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 19560.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2297.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,118 $38,206 $632 $37,574
2023 $3,668 $36,854 $610 $36,244
2022 $2,297 $28,464 $536 $27,928
2021 $2,118 $26,582 $500 $26,082
2020 $2,057 $25,348 $477 $24,871
2019 $2,057 $25,348 $477 $24,871
2018 $2,620 $24,938 $474 $24,464
2017 $2,112 $26,159 $541 $25,618
2016 $2,158 $26,426 $547 $25,879
2015 $2,040 $25,958 $537 $25,421
2014 $1,889 $25,701 $532 $25,169
2013 $1,973 $26,666 $552 $26,114
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Pending -- -- --
09/17/2025 09/17/25 For Sale $565,000 0.0% --
08/18/2025 08/18/25 Off Market $565,000 -- --
04/03/2025 04/03/25 Price Changed $565,000 0.0% --
04/03/2025 04/03/25 For Sale $565,000 -0.9% --
03/23/2025 03/23/25 Off Market $570,000 -- --
02/06/2025 02/06/25 Price Changed $570,000 -4.8% --
08/16/2024 08/16/24 For Sale $599,000 -- --
Source: Central Illinois Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $435,000 --
Warranty Deed $435,000 None Listed On Document
Warranty Deed -- --
Executors Deed $80,000 Macon County Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,000 New Conventional
Closed $348,000 New Conventional
Previous Owner $64,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Central Illinois Board of REALTORS®

MLS Number: 6245377

APN: 04-12-15-282-033

Illinois Macon County Decatur 62523 Millikin Home

135 E Prairie Ave Unit 1-4, Decatur, IL

Pending

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Zane Peterson
Listing Agent
Zane Peterson
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Main Place Real Estate
(217) 292-1290