Historic Four-Unit
For Sale
Contact for pricing
Pending
135 E Prairie Ave, Decatur, IL 62523
Four rented condominium residences feature cathedral ceilings, exposed brick, and separately allocated utilities.
Property SizeContact for details
Days on Market142
Property Features for 135 E Prairie Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
8.5%
Multifamily Units
4
Listing Agency:
Main Place Real Estate
(217) 454-8800
Listed By:
Zane Peterson · License #481.010682
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:59AM
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.
This historic quadplex at 135 E Prairie Ave includes ownership of all four residential condominium units. Each residence has distinct interior character, with cathedral ceilings and exposed brick walls among the documented features. All four units are currently rented, and the property carries an 8.5% cap rate.
Utilities are split among the residences, while ownership is responsible for insurance, trash service, and common area maintenance. The property is located in downtown Decatur, Illinois, within the historic 135 E. Prairie Building.
Utilities are split among the residences, while ownership is responsible for insurance, trash service, and common area maintenance. The property is located in downtown Decatur, Illinois, within the historic 135 E. Prairie Building.
Key Highlights
- Ownership includes all 4 residential condo units in the building
- All 4 units are rented
- 8.5% cap rate
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 62523, IL
886
Population
364
Households
2.4
Avg Household Size
40
Median Age
5%
College-Educated
68%
High-School Grad
0.4 sq mi
ZIP Area
2,215
Density / Sq Mi
$333
Median Rent
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rented condominium residences feature cathedral ceilings, exposed brick, and separately allocated utilities.
Where is this quadplex located?
The property is located at 135 E Prairie Ave Decatur, IL.
What are key features of this property?
This property features: Ownership includes all 4 residential condo units in the building; All 4 units are rented; 8.5% cap rate
