$840,000

612 W Macon St Decatur, IL 62522

Near West Neighborhood

Estimated payment $5,236/month

Total Views 4,287
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Located in the heart of Decatur, 612 W Macon Street presents a fully renovated 17-unit multifamily asset offering strong current returns and value-add upside. The property features a diverse mix of one-bedroom, one-bathroom units, with one two-bedroom, one-bath unit, catering to a wide range of tenants—from young professionals to small families. Each unit has been upgraded over the past year with new windows, modern bathrooms, updated flooring, and refreshed interiors throughout .Listed at an 8% cap rate with two current vacancies, the pro forma performance projects a 12%+ cap rate once stabilized. Both vacant units are expected to be leased prior to closing. With strong rental demand, desirable amenities, and recent capital improvements, this property is ideal for investors seeking steady cash flow, long-term appreciation, and continued upside in one of Decatur’s most connected neighborhoods.

Listing Agent

Cole Babcock

Vieweg RE/Better Homes & Gardens Real Estate-Service First License #475194689 Listed on: 06/18/2025

Vieweg RE/Better Homes & Gardens Real Estate-Service First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,016

Year Built

  • Built in 1976

Parking

  • 14 Carport Spaces

Additional Features

  • 3-Story Property
  • 0.45 Acre Lot
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04-12-15-326-037

Community Details

Overview

  • 17 Units
  • J R Gorins Add Subdivision

Building Details

  • Operating Expense $42,084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,016

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Lot Size Acres: 0.45
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Subdivision Name: J R Gorins Add
  • Year Built: 1976
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: None
  • Stories: 3

Exterior Features

  • Roof: Other
  • Waterfront: No

Garage/Parking

  • Carport Spaces: 14.0

Utilities

  • Cooling: Other
  • Water Source: Public
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 19440.0
  • Parcel #: 04-12-15-326-037
  • Zoning: R-1

Multi Family

  • Number Of Units Total: 17
  • Annual Operating Expense: 42084.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8016.0

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $840,000 0.0% --
08/29/2024 08/29/24 For Rent $750 -- --
Source: Central Illinois Board of REALTORS®

Source: Central Illinois Board of REALTORS®

MLS Number: 6252609

Illinois Macon County Decatur 62522 Near West

612 W Macon St, Decatur, IL

This home is located at 612 W Macon St, Decatur, IL 62522 and is currently priced at $840,000. This property was built in 1976. 612 W Macon 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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Cole Babcock
Listing Agent
Cole Babcock
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Vieweg RE/Better Homes & Gardens Real Estate-Service First
(217) 749-1648