NOT LISTED FOR SALE

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

Millikin Home Neighborhood

Estimated Value: $117,000 - $629,000

Studio
4 Baths
-- Sq Ft
2,721 Sq Ft Lot

Sale Details

Date Sold: December 12, 2025

Last sale price $450,000

Est. 36% decrease in value since last sale

Current estimated payment $1,882 / mo

417 Days on Market

Highlights

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

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Zane Peterson

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

Last Buyer's Agent

Staci Doolin

Brinkoetter REALTORS® License #475181289

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 1880

Lot Details

  • 2,721

Home Design

  • Quadruplex

Utilities

  • Central Air
  • Water Heater

Additional Features

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

Listing and Financial Details

  • Tenant pays for all utilities
  • 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

2,721 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Dec 11, 2025
Sold by
Bought by
Seller's Agent
Zane Peterson
Main Place Real Estate
Buyer's Agent
Staci Doolin
Brinkoetter REALTORS®
List Price
$565,000
Sold Price
$450,000
Premium/Discount to List
-$115,000
-20.35%
Views
217
Current Estimated Value
$289,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,631
Avg. Annual Appreciation
-52.44%
Original Mortgage
$360,000
Interest Rate
0.0617%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
0.0694%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2022
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
0.0425%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 None Listed On Document
$435,000 None Listed On Document
-- --
$80,000 Macon County Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $360,000
Closed $348,000
Closed $116,000
Closed $64,000
Closed $124,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 Sold $450,000 -20.4% --
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®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,825 $40,984 $678 $40,306
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

Agents Affiliated with this Home

  • Zane Peterson

    Seller's Agent in 2025

    Zane Peterson

    Main Place Real Estate

    (217) 422-3335

    5 in this area

    99 Total Sales

    Zane Peterson
    Section Image
  • Staci Doolin

    Buyer's Agent in 2025

    Staci Doolin

    Brinkoetter REALTORS®

    (217) 972-4962

    2 in this area

    64 Total Sales

    Staci Doolin
    Section Image
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Map

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

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