65-Unit Apartment
For Sale
Contact for pricing
Pending
1740 S Fairview Ave, Decatur, IL 62521
Includes recently renovated units and a laundry room nearing completion near Millikin University.
Property SizeContact for details
Days on Market539
Property Features for 1740 S Fairview Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
66%
Financials
Cap Rate
7.71%
Gross Rent Multiplier
6.95
Additional Details
Multifamily Units
65
Building Details
Units
65
Listing Agency:
eXp Realty LLC
(217) 239-7113
Listed By:
Nate Evans · License #IL 474.124281
Source:
Crexi
Added: Mar 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:48PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 65-unit apartment property includes some recently renovated units and a laundry room that is nearing completion. The residential asset is currently operating at 66% occupancy, with existing income reflected by a 7.71% cap rate and 6.95 GRM.
The property is located at 1740 S Fairview Ave in Decatur, Illinois, approximately 1.5 miles from Millikin University. Its current unit count, partial renovations, and unfinished laundry amenity provide a clear summary of the existing configuration and operating status.
The property is located at 1740 S Fairview Ave in Decatur, Illinois, approximately 1.5 miles from Millikin University. Its current unit count, partial renovations, and unfinished laundry amenity provide a clear summary of the existing configuration and operating status.
Key Highlights
- 65‑unit apartment property
- Approximately 1.5 miles from Millikin University
- Current occupancy of 66%
Property Analytics
Current Use
Lease Details
65
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Includes recently renovated units and a laundry room nearing completion near Millikin University.
Where is this apartment building located?
The property is located at 1740 S Fairview Ave Decatur, IL.
What are key features of this property?
This property features: 65‑unit apartment property; Approximately 1.5 miles from Millikin University; Current occupancy of 66%
