$162,000
UNDER CONTRACT

281 W Prairie Ave Decatur, IL 62523

Millikin Home Neighborhood

Estimated payment $1,101/month

Total Views 18,232
-- Bed
-- Bath
2,732 Sq Ft
$59 Price per Sq Ft

About This Home

This building has been a solid income producer for the owner. The units have all been upgraded in the last 3-4 years. Landlord pays all utilities. Expense breakdown available to serious prospects upon request. Being sold as-is.

Listing Agent

John Sellers

Brinkoetter REALTORS® License #471018198 Listed on: 09/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 2,732 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Utilities

  • No Cooling
  • Gas Water Heater

Community Details

  • 4 Units
  • Operating Expense $11,000

Listing and Financial Details

  • Assessor Parcel Number 04-12-15-279-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,960

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1388.0
  • Lot Size Acres: 0.37
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1900
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Quadruplex
  • Special Features: UnderContract
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Full
  • Basement YN: Yes
  • Owner Pays: All Utilities, Exterior Maintenance
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: None
  • Water Source: Public
  • Cooling Y N: No
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 16284.0
  • Parcel #: 04-12-15-279-020
  • Zoning: O-1

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 11000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2960.0

Map

Range of Values:

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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 $2,985 $30,837 $4,947 $25,890
2023 $2,960 $29,745 $4,772 $24,973
2022 $2,524 $24,681 $1,572 $23,109
2021 $1,293 $12,568 $1,468 $11,100
2020 $919 $8,642 $3,628 $5,014
2019 $919 $8,642 $3,628 $5,014
2018 $911 $8,671 $3,640 $5,031
2017 $932 $8,902 $3,737 $5,165
2016 $950 $8,993 $3,775 $5,218
2015 $903 $8,834 $3,708 $5,126
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 For Sale $162,000 -- $59 / Sq Ft
Source: Central Illinois Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 None Available
Warranty Deed $110,000 None Available
Special Warranty Deed $12,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $176,000 New Conventional
Source: Public Records

About the Listing Agent

John Sellers
John Sellers

Brinkoetter REALTORS®

(217) 269-8671

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Source: Central Illinois Board of REALTORS®

MLS Number: 6254941

APN: 04-12-15-279-020

Illinois Macon County Decatur 62522 Millikin Home

281 W Prairie Ave, Decatur, IL

Under Contract

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John Sellers
John Sellers
Listing Agent Section Image
Brinkoetter REALTORS®
(217) 269-8671