105 Elder Ln Decatur, IL 62522

This multifamily investment opportunity is located in Decatur, Illinois, and comprises 35 units situated across four parcels. The property includes four freestanding buildings, one of which is a duplex containing the superintendent unit. Constructed between 1964 and 1967, the buildings feature a combination of brick, mortar, and frame construction. The property is zoned B-2 with multifamily permitted use. It is located on the far west side of Decatur, near the 180+ acre Fairview Park, bicycle and walking trails, and the shops and restaurants surrounding Millikin University. Select capital improvements have been completed by the current ownership, with approximately 25 of the 35 units cosmetically updated. These renovations have demonstrated measurable rental increases and improved operating performance. The majority of units feature two bedrooms. With additional units remaining to be renovated, the property offers continued value-add potential for investors seeking stable income and the opportunity to further enhance rents and long-term portfolio performance.