Brick 9-Unit Garden
For Sale
Contact for pricing
540 W Main St, Decatur, IL 62522
Nine low-rise units with separate electric meters and covered parking, with shared coin-operated laundry in the basement.
Days on Market110
Property Features for 540 W Main St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Main Place Real Estate
(217) 454-8800
Listed By:
Zane Peterson · License #481.010682
Source:
Crexi
Added: Apr 12
Changed: Jul 22
Last Checked: Jul 23 at 6:31AM
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 Main Place Real Estate
Investment Insights
Based on property information with market context.
The Garden Apartment building is a 9-unit low-rise multifamily property with mid-century design and all brick and steel construction. The unit mix includes five two-bedroom units and four one-bedroom units. Each unit is separately metered for electric service, and residents share a coin-operated washer and dryer in the basement.
The building includes six covered parking spaces plus additional off-street parking. According to the seller, all units have been refurbished with new flooring, paint, fixtures, and appliances.
Recent capital improvements reported over the last three years include a new boiler, furnace, and water heater, along with new appliances, totaling over $50,000. The property is described as only blocks from Downtown Decatur to the east and Millikin University to the west.
The building includes six covered parking spaces plus additional off-street parking. According to the seller, all units have been refurbished with new flooring, paint, fixtures, and appliances.
Recent capital improvements reported over the last three years include a new boiler, furnace, and water heater, along with new appliances, totaling over $50,000. The property is described as only blocks from Downtown Decatur to the east and Millikin University to the west.
Key Highlights
- 9‑unit low‑rise multifamily building with mid‑century all‑brick and steel construction
- Unit mix: 5 two‑bedroom units and 4 one‑bedroom units
- All units have separate electric meters
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 62522, IL
14,838
Population
7,215
Households
2.1
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
621
Density / Sq Mi
$51,689
Median Household Income
$36,551
Median Earnings
$783
Median Rent
$108,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine low-rise units with separate electric meters and covered parking, with shared coin-operated laundry in the basement.
Where is this apartment building located?
The property is located at 540 W Main St Decatur, IL.
What are key features of this property?
This property features: 9‑unit low‑rise multifamily building with mid‑century all‑brick and steel construction; Unit mix: 5 two‑bedroom units and 4 one‑bedroom units; All units have separate electric meters
