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615 W Prairie Ave
Decatur, IL 62522

Multifamily Property For Sale · 6 Units

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 6,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1961/2017
Parking Ratio 1/1,000 SF

About 615 W Prairie Ave , Decatur, IL 62522

Currently fully leased with additional income from laundry, this 3 story brick apartment consist of all 2 bedroom 1 bath apartments that currently rent for $530-$580 apiece. Situated on a 42.5'x150' lot with off street paved parking for 6 cars, these large apartments consist of approximately 970 square feet apiece, have gas forced air heating, central air and are separately metered. There is a full basement with storage and coin operated laundry facilities. Each unit has 60 amp electrical service, and there is a 60 amp house meter for common area lighting and basement services as well as a 3 phase 400 amp service for the building. The roof is of flat membrane construction and is about 14 years old. It was partially resurfaced on 8/17/2019. The building is located about 3 blocks west of downtown Decatur and Milikin University in the Near West Historic District, a neighborhood of mixed single family residential and apartments. The apartments are zoned R-3 and is outside the flood hazard area. The units rent for between $530-$580 per month. Owner is responsible for water, trash service and common electricity.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $555.00 970

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-12-15-179-018
Land Assessment
$7,486
Improvements Assessment
$57,736
Total Assessment
$65,222

zoning

Zoning Code R-3
R-3
  • Listing ID: 17243945

  • Date on Market: 2019-09-19

  • Last Updated:

  • Address: 615 W Prairie Ave, Decatur, IL 62522

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