4-Unit
For Sale
$125,000
1230 E Cantrell St, Decatur, IL 62521
All residences are vacant, with recent roof and mechanical work completed.
Property Size1,665 SF
Price / SF$75.08
Days on Market17
Property Features for 1230 E Cantrell St
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,375
Listing Agency:
Brinkoetter REALTORS
(217) 875-0555
Listed By:
Sandra Yelovich · License #475180564
(217) 855-1196
Source:
Exprealty
Added: Oct 16
Changed: Oct 30
Last Checked: Oct 30 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter REALTORS
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Investment Insights
Based on property information with market context.
This four-unit residential property contains four one-bedroom, one-bathroom apartments. All units are vacant. A roof replacement was completed in 2025, and mechanical improvements include a new water heater in unit 1, new air conditioning and furnace in unit 3, and a newer furnace in unit 4.
Located at 1230 E Cantrell St in Decatur, the property is also offered for purchase alongside any or all of six other listed properties.
Located at 1230 E Cantrell St in Decatur, the property is also offered for purchase alongside any or all of six other listed properties.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- All four units are vacant
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,996
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,920
$219.9K
Cap Rate 7%
$157,086
$157.1K
Cap Rate 9%
$122,178
$122.2K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$17.0K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$15.7K $9.44/SF
− OpEx
−$4.7K −$2.83/SF
NOI
$11.0K $6.60/SF
Area
Macon County, IL
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,920
Cap Rate 7%
$157,086
Cap Rate 9%
$122,178
Alternative Uses
Best Use
Multifamily LT 5
$157.1K
$137.5K – $183.3K
NOI $10,996 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$146.0K
$127.8K – $170.3K
NOI $10,220 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$279.7K
$244.7K – $326.3K
NOI $19,576 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
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Business Placement
Demographics for 62521, IL
33,793
Population
16,169
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
66.0 sq mi
ZIP Area
512
Density / Sq Mi
$66,848
Median Household Income
$41,945
Median Earnings
$857
Median Rent
$119,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are vacant, with recent roof and mechanical work completed.
Where is this quadplex located?
The property is located at 1230 E Cantrell St Decatur, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; All four units are vacant; Roof replaced in 2025
