$307,000
SOLD JAN 15, 2021

540 W Main St Decatur, IL 62522

Millikin Home Neighborhood
-- Bed
-- Bath
9,960 Sq Ft
9,750 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

18% Below List Price

181 Days on Market

Highlights

  • Workshop
  • Hot Water Heating System
  • Garage
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of January 2021

The Garden Apartment building is a 9 unit low-rise multifamily property. Mid-century design with all brick and steel construction. Nice sized units (5 two bedroom units & 4 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces and additional off-street parking spaces available. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur to the East and Millikin University to the West. Over $50,000 of capital improvements in the last 3 years included new boiler, furnace, water heater, and all new appliances. A profitable opportunity awaits for the right investor!

Last Agent to Sell the Property

Zane Peterson

Main Place Real Estate License #471020044 Listed on: 04/28/2020

Last Buyer's Agent

Zane Peterson

Main Place Real Estate License #471020044 Listed on: 04/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,144

Year Built

  • Built in 1950

Lot Details

  • 9,750 Sq Ft Lot
  • Lot Dimensions are 150x65

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Workshop

Kitchen

  • Oven
  • Range

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • Garage
  • 6 Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 9 Units

Listing and Financial Details

  • The owner pays for gas, grounds care, insurance, snow removal, sewer, taxes, trash collection, water
  • Assessor Parcel Number 04-12-15-254-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,144

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: W on Main St
  • Lot Size Acres: 0.22
  • Lot Size: 150X65
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete, Other
  • Building Stories: 2
  • Year Built: 1950
  • Architectural Style: Other
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Unfinished, Walk-Out Access, Partial
  • Basement YN: Yes
  • Interior Amenities: Workshop
  • Owner Pays: Gas, Grounds Care, Insurance, Snow Removal, Sewer, Taxes, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Workshop
  • Roof: Other
  • Waterfront: No
  • Foundation Details: Basement
  • Other Structures: Garage(s)

Garage/Parking

  • Carport Spaces: 6.0
  • Parking Features: Garage

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Hot Water
  • 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: 9750.0
  • Parcel #: 04-12-15-254-015
  • Zoning: R-6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4144.0

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
06/24/2025 06/24/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $395,000 +28.7% --
01/15/2021 01/15/21 Sold $307,000 -18.1% $31 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $375,000 +98.4% $38 / Sq Ft
08/31/2016 08/31/16 Sold $189,000 -5.0% $19 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $199,000 -- $20 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zane Peterson

    Seller's Agent in 2025

    Zane Peterson

    Main Place Real Estate

    (217) 422-3335

    3 in this area

    141 Total Sales

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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6201471

Illinois Macon County Decatur 62522 Millikin Home

540 W Main St, Decatur, IL

This home is located at 540 W Main St, Decatur, IL 62522 and is currently priced at $307,000, approximately $30 per square foot. This property was built in 1950. 540 W Main St is a home located in Macon County with nearby schools including Dennis Lab School, St. Patrick School, and Teen Challenge-Home For Girls.

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