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    Decatur, IL Multifamily Properties for Sale

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    65-Unit Multifamily Investment Opportunity
    $2,350,000

    65-Unit Multifamily Investment Opportunity

    1740-1760 S Fairview Ave, Decatur, IL 62521

    High-yield multifamily property near Millikin University with value-add potential.

    • Strong income potential with a current cap rate of 7.71% and a GRM of 6.95.
    • Significant value‑add opportunity through increased occupancy from the current 66%.
    • Prime location just 1.5 miles from Millikin University, attracting students and local residents.
    • 65‑unit multifamily property offers substantial scale for investment.
    • Recent renovations provide modern, comfortable living spaces.
    Updated: Jan 2
    View details
    248 N Park St, Decatur, IL
    $675,000
    11,884 SF

    248 N Park St, Decatur, IL

    248 N Park St, Decatur, IL 62523

    Mixed-use properties • 11,884 SF

    • Prime Downtown Decatur location overlooking Central Park.
    • Mix‑used property with three commercial spaces and two apartments.
    • Untapped potential for two additional floors of multifamily development.
    • Current stabilized cash‑flow with value‑add upside.
    • Incentives available due to location in the Downtown TIF District.
    View details
    Mixed-Use Property with Income Potential
    $800,000
    14,500 SF

    Mixed-Use Property with Income Potential

    Value-add investment opportunity in Decatur's downtown commercial corridor.

    334 W Main St, Decatur, IL 62522
    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 3 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Investment Opportunity: Apartment Buildings and House
    Pending
    $89,000
    2.73 Acres

    Investment Opportunity: Apartment Buildings and House

    Two apartment buildings (11 units) and a house needing renovation.

    3011 Niccolls Rd, Springfield, IL 62703
    View details
    Income-Producing Four-Unit Property
    Pending
    $225,000

    Income-Producing Four-Unit Property

    Four-unit property in Grandview, IL with immediate rental income.

    2173 N Grand Ave, Springfield, IL 62702
    View details
    Champaign Warehouse/Office Condo
    $365,000
    3,200 SF

    Champaign Warehouse/Office Condo

    Move-in ready office & warehouse space.

    412 Staley Rd, Champaign, IL 61822
    View details
    Champaign Condo: Prime Commercial Space
    $225,000
    1,922 SF

    Champaign Condo: Prime Commercial Space

    Heated Warehouse, Offices, Ample Storage

    420 Staley Rd, Champaign, IL 61822
    View details

    Explore Off-Market Properties in Decatur, IL

    Consider similar Off-Market properties in Decatur, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1244 Prairie Ave

    1244 Prairie Ave

    Multifamily properties
    Value Estimation by Request
    1244 Prairie Ave, Decatur, IL 62521
    View details
    135 Prairie Ave

    135 Prairie Ave

    Multifamily properties • 0.06 Acres
    Value Estimation by Request
    135 Prairie Ave, Decatur, IL 62523
    View details
    554 Main St

    554 Main St

    Multifamily properties • 0.34 Acres
    Value Estimation by Request
    554 Main St, Decatur, IL 62522
    View details
    1045 Harrison Ave

    1045 Harrison Ave

    MOBILE HOME PARK, TRAILER PARK • 4.51 Acres
    Value Estimation
    $805,000
    1045 Harrison Ave, Decatur, IL 62526-3875
    View details
    820 Mckinley Ave

    820 Mckinley Ave

    MOBILE HOME PARK, TRAILER PARK • 3.01 Acres
    Value Estimation
    $130,000
    820 Mckinley Ave, Decatur, IL 62526-3204
    View details
    1525 Fairview Ave

    1525 Fairview Ave

    MOBILE HOME PARK, TRAILER PARK • 3.09 Acres
    Value Estimation
    $795,000
    1525 Fairview Ave, Decatur, IL 62521-4030
    View details
    433 Gravel Pit Rd

    433 Gravel Pit Rd

    MOBILE HOME PARK, TRAILER PARK • 1,768 SF
    Value Estimation
    $325,000
    433 Gravel Pit Rd, Decatur, IL 62522-9006
    View details
    2495 Hl Ave

    2495 Hl Ave

    MOBILE HOME PARK, TRAILER PARK • 17.25 Acres
    Value Estimation
    $780,000
    2495 Hl Ave, Decatur, IL 62526-1583
    View details
    Delta Dr

    Delta Dr

    MOBILE HOME PARK, TRAILER PARK • 78.13 Acres
    Value Estimation by Request
    Delta Dr, Decatur, IL 62526
    View details

    Decatur, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 12 multifamily properties for sale in Decatur, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,655,280 square feet of properties for sale, with an estimated market value of $2,760,000.

    Prices for multifamily properties in Decatur, IL start at $160,000, averaging $552,000, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Multifamily properties for Sale Near Decatur, IL

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    Most Searched ZIP Codes in Decatur, IL

    • 62521
    • 62522
    • 62523
    • 62526

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