612 W Macon Street, Decatur, IL
$840,000
Active
0.45 Acres
About 612 W Macon Street
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.
Facts & Features
| MLS® # | 6252609 |
|---|---|
| Price | $840,000 |
| Bathrooms | 0.00 |
| Acres | 0.45 |
| Year Built | 1976 |
| Type | Single Family |
| Sub-Type | Multi Family |
| Status | Active |
| Taxes | $8,016 |
| Tax Year | 2023 |
Community Information
| Address | 612 W Macon Street |
|---|---|
| Subdivision | J R Gorins Add |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62522 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Gas Water Heater |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Roof | Other |
|---|
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | June 18th, 2025 |
|---|---|
| Days on Market | 32 |
| Zoning | R-1 |
Listing Details
| Agent | Cole Babcock |
|---|---|
| Office | Vieweg RE/Better Homes & Gardens Real Estate-Service First |