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    Decatur, IL
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    Decatur, IL Apartment Buildings for Sale

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    Forsyth, IL Mt Zion, IL Mount Zion, IL Oreana, IL Cerro Gordo, IL Maroa, IL Bethany, IL Clinton, IL
    Multifamily Property with Redevelopment Potential
    Updated: Mar 9
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    $800,000
    16,248 sqft
    Value‑add opportunity to reconfigure the first floor into four additional apartment units, significantly increasing rental income potential.
    Option to purchase adjacent buildings occupied by Abbott EMS Services under triple net leases, providing immediate stabilized cash flow.
    Tenant (Abbott EMS) willing to collaborate on long‑term lease extensions for the garage and training facility, offering near‑term income stability.
    Property is a converted multifamily building with four existing two‑bedroom/one‑bath apartment units on the second floor, currently in leasable condition.
    Located in a well‑established mixed‑use corridor west of Downtown Decatur, providing proximity to major employers and amenities.
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    Decatur Multifamily Investment Opportunity
    Updated: Mar 17
    Decatur Multifamily Investment Opportunity

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

    $2,130,000
    Prime multifamily investment opportunity with 35 units across four parcels.
    Approximately 25 of 35 units cosmetically updated, demonstrating measurable rental increases.
    Value‑add potential through renovation of remaining units to further increase rents.
    Majority of units are two bedrooms.
    Zoned B‑2 with multifamily permitted use.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    6-Unit Apartment Building with Garage
    6-Unit Apartment Building with Garage

    1013 West Church Street, Champaign, IL 61821

    $249,900

    Six-unit building features two 1-bedroom apartments, four efficiency units, an unfinished basement, and a detached 2-car garage.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    824 E Ridgely Avenue, Springfield, IL 62702

    $379,900

    Renovated six-unit apartment building with recent roof and siding updates, plus an adjacent rebuild parcel included.

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    Spacious Townhomes Near University
    Spacious Townhomes Near University

    1801 West John Street, Champaign, IL 61821

    Contact for pricing

    45-unit townhome community near the University of Illinois.

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    Springfield Multifamily Investment Opportunity
    Springfield Multifamily Investment Opportunity

    1546 E CORNELL Street, Springfield, IL 62703

    $160,000

    Six-unit, all-brick apartment building in Springfield, Illinois.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Off-Market Properties in Decatur, IL

    Consider similar Off-Market properties in Decatur, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1244 Prairie Ave
    Multifamily properties

    1244 Prairie Ave, Decatur, IL 62521

    Value Estimation by Request
    View details
    135 Prairie Ave
    Multifamily properties

    135 Prairie Ave, Decatur, IL 62523

    Value Estimation by Request
    0.06 AC lot
    View details
    554 Main St
    Multifamily properties

    554 Main St, Decatur, IL 62522

    Value Estimation by Request
    0.34 AC lot
    View details

    Decatur, IL Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Decatur, IL on our real estate platform. These investment opportunities span a total of 16,248 square feet of properties for sale, with an estimated market value of $800,000.

    Sale prices for two-family homes in Decatur, IL start at $800,000, averaging $800,000, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 79K
    Population Growth (5Y) -14.5%
    Median Household Income $56,571
    College Educated 16.3%

    High-Yield Neighborhoods for Investment

    Identify Decatur submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62522 $1.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Decatur fall within the 100,000+ square foot range.

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