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1740-1760 S Fairview Ave Decatur, IL 62521

Sponsored
For Sale
$2,350,000

MULTI_FAMILY - Decatur, IL

Days on Market:
4
Last Refresh:
Jan 5 at 3:06 pm

Property Features for 1740-1760 S Fairview Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bathroom 38, Bathroom 57, Bathroom 26, Bathroom 55, Bathroom 6, Bathroom 22, Bedroom 39, Bathroom 8, Bedroom 54, Bathroom 11, Bathroom 59, Bathroom 52, Bedroom 62, Bedroom 42, Bedroom 36, Bedroom 35, Bathroom 9, Bathroom 40, Bedroom 13, Bathroom 41, Bathroom 43, Bathroom 30, Bedroom 25, Bedroom 40, Bathroom 3, Bedroom 8, Bathroom 54, Bedroom 10, Bathroom 21, Bathroom 44, Bedroom 55, Bedroom 48, Bathroom 32, Bedroom 44, Bathroom 37, Bathroom 36, Bedroom 15, Bathroom 5, Bedroom 63, Bathroom 13, Bathroom 2, Bathroom 29, Bathroom 49, Bedroom 57, Bedroom 11, Bathroom 15, Bedroom 31, Bedroom 45, Bedroom 61, Bathroom 50, Bedroom 52, Bedroom 14, Bedroom 19, Bedroom 51, Bathroom 12, Bedroom 65, Bedroom 59, Bedroom 22, Bathroom 25, Bathroom 53, Bedroom 5, Bathroom 58, Bathroom 64, Bathroom 61, Bedroom 58, Bedroom 34, Bathroom 48, Bedroom 3, Bathroom 39, Bedroom 53, Bathroom 56, Bathroom 19, Bedroom 33, Bathroom 65, Bathroom 24, Bedroom 29, Bathroom 16, Bedroom 12, Bedroom 6, Bedroom 4, Bathroom 18, Bedroom 1, Bathroom 33, Bathroom 28, Bathroom 34, Bedroom 26, Bedroom 20, Bathroom 14, Bathroom 42, Bathroom 47, Bathroom 23, Bedroom 47, Bedroom 16, Bedroom 23, Bedroom 18, Bathroom 20, Bedroom 56, Bathroom 10, Bathroom 27, Bathroom 63, Bedroom 30, Bedroom 7, Bedroom 17, Bedroom 32, Bathroom 60, Bedroom 21, Bathroom 31, Bedroom 43, Bathroom 17, Bathroom 51, Bedroom 50, Bathroom 46, Bedroom 64, Bedroom 60, Bathroom 4, Bedroom 9, Bedroom 46, Bedroom 28, Bedroom 49, Bedroom 24, Bathroom 62, Bedroom 27, Bathroom 1, Bathroom 7, Bedroom 38, Bedroom 37, Bathroom 45, Bedroom 41, Bedroom 2, Bathroom 35
Bedrooms
65
APN
041221428010

Building Details

Year built
1979
Floors in Building
3
Number of units
61
Building materials
Vinyl Siding

eXp Realty, LLC (888) 574-9405 [email protected]

Listing agent Nate Evans (217) 239-7113

Listing date Jan 2, 2026

MLS# 12309051 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

65-Unit Multifamily Investment Opportunity

This 65-unit residential property presents a prime investment opportunity, strategically located approximately 1.5 miles from Millikin University. The property currently features a 7.71% cap rate and a GRM of 6.95, priced according to existing income figures which reflect a 66% occupancy rate, suggesting considerable upside for investors. Recent renovations have been completed. The units offer modern living spaces that appeal to both students and local residents, enhancing rental prospects. Value-add opportunities include increasing occupancy to boost revenue and returns, as well as completing the laundry room to enhance tenant satisfaction and generate additional income. This property represents a turnkey opportunity with immediate income and long-term appreciation potential, suitable for both experienced investors and those looking to expand their portfolios. It offers a chance to acquire a high-yield asset in a desirable location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Macon
State
Illinois
Longitude
-88.97648
Latitude
39.822376

FAQs

What type of property is this?
Apartment building - High-yield multifamily property near Millikin University with value-add potential.
Where is this apartment building located?
The property is located at 1740-1760 S Fairview Ave Decatur, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: - Strong income potential with a current cap rate of 7.71% and a GRM of 6.95.; - Significant value-add opportunity through increased occupancy from the current 66%.; - Prime location just 1.5 miles from Millikin University, attracting students and local residents.
More about this property
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