Occupied Multifamily
For Sale
$162,000
281 W Prairie Avenue, Decatur, IL 62523
Fully occupied multifamily building with recently upgraded units and owner-paid utilities.
Property Size2,732 SF
Price / SF$59.30
Days on Market363
Property Features for 281 W Prairie Avenue
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Residential Income
Zoning
O-1
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$2,960
Building Details
Building Size
2,732 SF
Year Built
1900
Stories
2
Units
4
Listing Agency:
Brinkoetter REALTORSÂ
(217) 875-0555
Listed By:
John Sellers
Source:
Shelbyrealty
Added: Sep 2, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:38PM
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 REALTORSÂ
Investment Insights
Based on property information with market context.
This multifamily building contains 2,732 SF and dates to 1900. Unit improvements were completed within the last 3–4 years, and the property is currently 100% occupied. The building is being offered in its existing condition, with possession subject to tenants’ rights.
The property is located at 281 W Prairie Avenue in Decatur, Illinois, and carries O-1 zoning. The landlord pays all utilities, with an expense breakdown available to qualified prospects upon request.
The property is located at 281 W Prairie Avenue in Decatur, Illinois, and carries O-1 zoning. The landlord pays all utilities, with an expense breakdown available to qualified prospects upon request.
Key Highlights
- 2,732 SF multifamily building
- 100% occupied
- Units upgraded within the last 3–4 years
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,347
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied multifamily building with recently upgraded units and owner-paid utilities.
Where is this multifamily property located?
The property is located at 281 W Prairie Avenue Decatur, IL.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: 2,732 SF multifamily building; 100% occupied; Units upgraded within the last 3–4 years
