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    Decatur, IL Apartment Buildings for Sale

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    Chicago, IL Springfield, IL Hoffman Estates, IL
    6 results
    65-Unit Multifamily Investment Opportunity
    $2,250,000

    65-Unit Multifamily Investment Opportunity

    1740-1760 S Fairview Avenue, Decatur, IL 62521

    High-yield multifamily property near Millikin University with value-add potential.

    • High‑yield investment opportunity with a 7.71% cap rate.
    • 65‑unit multifamily property offering substantial income potential.
    • Prime location near Millikin University (1.5 miles), attracting students and local residents.
    • Significant value‑add potential through increased occupancy from the current 66%.
    • Recent renovations provide modern, comfortable living spaces.
    Updated: Mar 11, 2025
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    Mixed-Use Property with Income Potential
    $800,000
    14,500 SF

    Mixed-Use Property with Income Potential

    334 W Main St, Decatur, IL

    Value-add investment opportunity in Decatur's downtown commercial corridor.

    • Value‑add investment opportunity with stabilized residential income ($8,800/month) and significant commercial upside potential.
    • Eight fully renovated residential units with modern amenities including granite countertops, LVP flooring, and stainless steel appliances.
    • Substantial vacant commercial space (7,800 sq ft + 6,000 sq ft basement) with potential monthly income of $5,850 at market rates.
    • Prime location on West Main Street in downtown Decatur, a revitalizing commercial corridor.
    • Updated infrastructure: Roof (10 years old with recent patching), 2 new HVAC units, updated electrical/plumbing on the second floor.
    Updated: Oct 24, 2025
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    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF

    Multifamily Property with Redevelopment Potential

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    417-461 W Wood St, Decatur, IL 62522
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    Decatur Multifamily Investment Opportunity
    $2,340,000

    Decatur Multifamily Investment Opportunity

    35-unit multifamily property in Decatur, Illinois with value-add potential.

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522
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    RETAIL
    $675,000
    11,884 SF

    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL
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    Downtown Decatur Mixed-Use Investment
    $675,000
    11,884 SF

    Downtown Decatur Mixed-Use Investment

    Mixed-use property with commercial and residential spaces in Decatur.

    248 N Park St, Decatur, IL 62523
    View details
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 6 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.

    Explore Opportunities in Nearby Cities

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

    Furnished Historic Apartment Building Investment
    $675,000

    Furnished Historic Apartment Building Investment

    Turnkey, furnished 12-unit apartment building with income potential.

    520 E S Grand Avenue, Springfield, IL 62703
    View details
    Champaign Multifamily Building For Sale
    $249,900

    Champaign Multifamily Building For Sale

    Six-unit building in Champaign, ideal for future development.

    1013 W Church Street, Champaign, IL 61820
    View details
    Springfield Multifamily Investment Opportunity
    $160,000

    Springfield Multifamily Investment Opportunity

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

    1546 E CORNELL Street, Springfield, IL 62703
    View details
    Spacious Townhomes Near University
    Contact for pricing

    Spacious Townhomes Near University

    45-unit townhome community near the University of Illinois.

    1801 West John Street, Champaign, IL 61821
    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 Opportunity
    $2,750,000
    29.20 Acres

    Prime Development Land Opportunity

    29.2 acres of retail-zoned land in Springfield, Missouri.

    N West Bypass, Springfield, MO 65802
    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806
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    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607
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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
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    Explore 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

    1244 Prairie Ave

    Multifamily properties
    Value Estimation by Request
    1244 Prairie Ave, Decatur, IL 62521
    View details
    135 Prairie Ave

    135 Prairie Ave

    Multifamily properties • 0.06 Acres
    Value Estimation by Request
    135 Prairie Ave, Decatur, IL 62523
    View details
    554 Main St

    554 Main St

    Multifamily properties • 0.34 Acres
    Value Estimation by Request
    554 Main St, Decatur, IL 62522
    View details

    Decatur, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 9 apartment buildings for sale in Decatur, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 17,424 square feet of properties for sale, with an estimated market value of $2,925,000.

    Sale prices for two-family homes in Decatur, IL start at $0.00, averaging $325,000, and reaching up to $2,250,000 — 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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    Popular Searches in Decatur, IL

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    Most Searched ZIP Codes in Decatur, IL

    • 62522
    • 62521
    • 62523

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