540 W Main Street, Decatur, IL
$395,000
Active
0.22 Acres
About 540 W Main Street
The Garden Apartment building is a 9 unit low-rise multifamily property. Mid-century design with all brick and steel construction. Nice sized units (6 two bedroom units & 3 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces with additional ample street parking. 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. Capital improvements in the last 10 years included new boiler, furnace, water heater, and all new appliances. Stabilized third-party property management is in place. A profitable opportunity awaits for the right investor! Contact investment broker for all inquiries.
Facts & Features
| MLS® # | 6251881 |
|---|---|
| Price | $395,000 |
| Bathrooms | 0.00 |
| Acres | 0.22 |
| Year Built | 1961 |
| Type | Single Family |
| Sub-Type | Multi Family |
| Status | Active |
| Taxes | $8,655 |
| Tax Year | 2023 |
Community Information
| Address | 540 W Main Street |
|---|---|
| Subdivision | Western Add |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62522 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Gas Water Heater |
|---|---|
| Heating | Hot Water |
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Other |
|---|
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | May 5th, 2025 |
|---|---|
| Days on Market | 16 |
| Zoning | R-6 |
Listing Details
| Agent | Zane Peterson |
|---|---|
| Office | Main Place Real Estate |