1740-1760 S Fairview Avenue Decatur, IL 62521
MULTI_FAMILY - Decatur, IL
- Added:
- Mar 11, 2025
- Days on Market:
- 387
- Last Refresh:
- Apr 1 at 6:06 pm
Property Features for 1740-1760 S Fairview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 65
- Rooms
- Bathroom 24, Bedroom 56, Bedroom 61, Bedroom 8, Bedroom 41, Bathroom 37, Bedroom 7, Bathroom 11, Bedroom 18, Bathroom 52, Bedroom 47, Bathroom 5, Bedroom 32, Bedroom 27, Bedroom 36, Bathroom 16, Bedroom 43, Bedroom 45, Bathroom 36, Bedroom 35, Bathroom 41, Bedroom 5, Bathroom 3, Bedroom 26, Bedroom 52, Bedroom 33, Bedroom 24, Bathroom 55, Bedroom 37, Bedroom 20, Bathroom 54, Bedroom 62, Bedroom 29, Bathroom 53, Bedroom 13, Bathroom 4, Bedroom 4, Bathroom 28, Bedroom 53, Bedroom 48, Bedroom 21, Bedroom 11, Bedroom 50, Bathroom 62, Bedroom 2, Bathroom 57, Bedroom 9, Bathroom 10, Bedroom 40, Bathroom 39, Bathroom 25, Bathroom 7, Bathroom 42, Bathroom 49, Bedroom 58, Bedroom 14, Bathroom 30, Bedroom 15, Bedroom 16, Bathroom 29, Bathroom 34, Bedroom 51, Bathroom 23, Bathroom 59, Bedroom 44, Bathroom 45, Bathroom 47, Bedroom 1, Bathroom 44, Bathroom 58, Bathroom 38, Bathroom 8, Bathroom 6, Bedroom 38, Bedroom 63, Bathroom 1, Bathroom 40, Bathroom 31, Bathroom 60, Bathroom 12, Bathroom 48, Bedroom 19, Bedroom 10, Bathroom 17, Bedroom 42, Bathroom 43, Bathroom 46, Bedroom 25, Bedroom 46, Bathroom 15, Bathroom 26, Bedroom 65, Bedroom 60, Bedroom 57, Bedroom 49, Bathroom 64, Bathroom 19, Bathroom 33, Bathroom 61, Bedroom 23, Bathroom 2, Bedroom 39, Bedroom 28, Bathroom 51, Bedroom 54, Bedroom 3, Bedroom 34, Bathroom 56, Bedroom 55, Bathroom 22, Bedroom 30, Bedroom 31, Bathroom 50, Bathroom 65, Bedroom 6, Bedroom 59, Bedroom 12, Bathroom 32, Bathroom 18, Bathroom 21, Bedroom 64, Bathroom 20, Bathroom 35, Bathroom 9, Bathroom 14, Bathroom 13, Bathroom 63, Bathroom 27, Bedroom 17, Bedroom 22
- Standard status
- Active
- APN
- 041221428010
Taxes and HOA fees
- TaxYear
- 2022
- TaxAnnualAmount
- 36000
Building Details
- Year built
- 1979
- Floors in Building
- 3
- Number of units
- 61
- Building materials
- Vinyl Siding
Listing agent Nate Evans License #475124281 (888) 574-9405
Listing office eXp Realty-Mahomet 501 E Main, Chicago, IL (217) 239-7113
Listing date Mar 11, 2025
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 in Decatur, IL, presents a prime investment opportunity with strong income potential. The property is strategically located approximately 1.5 miles from Millikin University. The current cap rate is 7.71% and the GRM is 6.95. The property is priced based on existing income figures, reflecting the 66% occupancy rate, which offers significant upside for investors. Some units have been recently renovated, providing modern living spaces attractive to both students and local residents, enhancing rental potential. Increasing occupancy presents a major opportunity to increase revenue and returns. The completion of a laundry room will further enhance tenant satisfaction and generate additional income. This property offers immediate income and long-term appreciation potential, suitable for experienced investors or those looking to expand their portfolio. It is located at 1740-1760 S Fairview Avenue, Decatur, IL 62521.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.97648
- Latitude
- 39.822376
Nearby Similar for Sale
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 Avenue Decatur, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 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.
