NOT LISTED FOR SALE

334 W Main St Decatur, IL 62522

Millikin Home Neighborhood

Estimated Value: $809,550

-- Bed
-- Bath
14,717 Sq Ft
$55/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $250,000 $17 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $5,450/month

176 Days on Market

Highlights

  • 0.55 Acre Lot
  • Central Air
  • Heating System Uses Gas

About This Home

As of February 2022

A great opportunity to own a mixed-use commercial property near downtown Decatur. Situated on historic West Main Street connecting to downtown and Millikin University this all brick property is perfect for your investment portfolio. The first floor offers over 7,800 square feet of office space. The upstairs has 7 separate rental units including studio/efficiency, 1 bedroom, 2 bedroom units. The basement offers a large amount of finished space that was previously used as laboratory space but could be renovated for either additional office or rental unit potentials. Off-street parking lot with approximately 32 spaces. Priced at appraised value as of 12/2020.

Last Agent to Sell the Property

Brandon Barney

Keller Williams Revolution License #475186968 Listed on: 08/17/2021

Keller Williams Revolution

Last Buyer's Agent

Stacey Wenskunas

Vieweg Real Estate License #475164523

Vieweg Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,485

Year Built

  • Built in 1963

Lot Details

  • 0.55 Acre Lot
  • Property fronts a private road

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 14,717 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 7 Units
  • Western Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-12-15-256-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,485

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 7874.0
  • Directions: N on S Franklin or S on N Main, W on W Main.
  • Lot Size Acres: 0.55
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Western Add
  • Year Built: 1963
  • Road Frontage Type: Private Road
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full
  • Basement YN: Yes
  • Owner Pays: None
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Utilities

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

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 23864.0
  • Parcel #: 04-12-15-256-012
  • Zoning: O-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 12485.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Feb 22, 2022
Sold by
The Salvation Army
Bought by
Rmjh Properties Llc
Seller's Agent
Brandon Barney
Keller Williams Revolution
Buyer's Agent
Stacey Wenskunas
Vieweg Real Estate
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%
Current Estimated Value
$809,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,550

Purchase Details

Closed on
Jun 29, 2021
Sold by
Main Street Enterprise
Bought by
Salvation Army

Purchase Details

Closed on
Dec 1, 1991
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rmjh Properties Llc -- None Listed On Document
Salvation Army -- None Available
-- $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $250,000 -12.3% $17 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
08/17/2021 08/17/21 For Sale $285,000 -- $19 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

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 $14,299 $147,707 $20,062 $127,645
2023 $14,180 $142,478 $19,352 $123,126
2022 $13,484 $131,843 $17,908 $113,935
2021 $12,669 $123,128 $16,724 $106,404
2020 $12,485 $117,412 $15,948 $101,464
2019 $12,485 $117,412 $15,948 $101,464
2018 $12,196 $116,076 $23,531 $92,545
2017 $12,483 $119,174 $24,159 $95,015
2016 $12,721 $120,389 $24,405 $95,984
2015 $12,406 $121,369 $23,973 $97,396
2014 $11,520 $120,168 $23,736 $96,432
2013 $11,903 $124,682 $24,628 $100,054
Source: Public Records

Agents Affiliated with this Home

  • Brandon Barney

    Seller's Agent in 2022

    Brandon Barney

    Keller Williams Revolution

    (217) 620-9102

    6 in this area

    227 Total Sales

    Brandon Barney
    Section Image
  • Stacey Wenskunas

    Buyer's Agent in 2022

    Stacey Wenskunas

    Vieweg Real Estate

    (217) 519-3977

    2 in this area

    112 Total Sales

    Stacey Wenskunas
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6215201

APN: 04-12-15-256-012

Illinois Macon County Decatur 62522 Millikin Home

334 W Main St, Decatur, IL

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