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    Decatur, IL Multifamily Properties for Sale

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    Forsyth, IL Mt Zion, IL Mount Zion, IL
    Mixed-Use Property with Income Potential
    $800,000
    14,500 SF
    Mixed-Use Property with Income Potential

    334 W Main St, Decatur, IL

    Value-add investment opportunity in Decatur's downtown commercial corridor.
    • Value‑add investment opportunity with stabilized residential income ($8,800/month) and significant commercial upside potential.
    • Eight fully renovated residential units with modern amenities including granite countertops, LVP flooring, and stainless steel appliances.
    • Substantial vacant commercial space (7,800 sq ft + 6,000 sq ft basement) with potential monthly income of $5,850 at market rates.
    • Prime location on West Main Street in downtown Decatur, a revitalizing commercial corridor.
    • Updated infrastructure: Roof (10 years old with recent patching), 2 new HVAC units, updated electrical/plumbing on the second floor.
    Updated: Oct 24, 2025
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    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    Converted multifamily property with value-add opportunity in Decatur, Illinois.
    • Value‑add opportunity to reconfigure the first floor into four additional apartment units, significantly increasing rental income potential.
    • Option to purchase adjacent buildings occupied by Abbott EMS Services under triple net leases, providing immediate stabilized cash flow.
    • Tenant (Abbott EMS) willing to collaborate on long‑term lease extensions for the garage and training facility, offering near‑term income stability.
    • Property is a converted multifamily building with four existing two‑bedroom/one‑bath apartment units on the second floor, currently in leasable condition.
    • Located in a well‑established mixed‑use corridor west of Downtown Decatur, providing proximity to major employers and amenities.
    Updated: Mar 9
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    Decatur Multifamily Investment Opportunity
    $2,340,000
    Decatur Multifamily Investment Opportunity

    35-unit multifamily property in Decatur, Illinois with value-add potential.

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

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    26-Space Mobile Home Park
    $545,000
    26-Space Mobile Home Park

    Mobile home park with income and growth potential.

    3760 E William Street Rd, Decatur, IL 62521

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    RETAIL
    $675,000
    11,884 SF
    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 5 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Move-In Ready Duplex
    $184,900
    Move-In Ready Duplex

    Two identical units each offer two bedrooms and one full bath, with included appliances and recent interior updates.

    1515-1517 N MARYLAND Avenue, Springfield, IL 62702

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    Historic Multifamily Investment Opportunity
    $189,000
    Historic Multifamily Investment Opportunity

    Two brick buildings with 10 units near State Route 10.

    901 State Route 10 W, Clinton, IL 61727

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    Duplex Lakefront Lot Opportunity
    $100,000
    Duplex Lakefront Lot Opportunity

    Desirable duplex lakefront lot in Rochester School District.

    329-331 Harbor Point Place, Springfield, IL 62712

    View details
    22-Unit Central Illinois Multifamily Portfolio
    $1,590,000
    22-Unit Central Illinois Multifamily Portfolio

    22-unit multifamily portfolio in Central Illinois for sale.

    110 S Wood St, Maroa, IL 61756

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres
    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052

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    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres
    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360

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    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

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    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres
    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392

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    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.

    2495 Hl Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 17.25 Acres
    Estimated value
    $800,000

    2495 Hl Ave, Decatur, IL 62526-1583

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    1045 Harrison Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.51 Acres
    Estimated value
    $800,000

    1045 Harrison Ave, Decatur, IL 62526-3875

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    1525 Fairview Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.09 Acres
    Estimated value
    $800,000

    1525 Fairview Ave, Decatur, IL 62521-4030

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    820 Mckinley Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.01 Acres
    Value Estimation by Request

    820 Mckinley Ave, Decatur, IL 62526-3204

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    433 Gravel Pit Rd
    MOBILE HOME PARK, TRAILER PARK
    1,768 SF Lot: 10.14 Acres
    Value Estimation by Request

    433 Gravel Pit Rd, Decatur, IL 62522-9006

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    1244 Prairie Ave
    Multifamily properties
    Value Estimation by Request

    1244 Prairie Ave, Decatur, IL 62521

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    135 Prairie Ave
    Multifamily properties
    Lot: 0.06 Acres
    Value Estimation by Request

    135 Prairie Ave, Decatur, IL 62523

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    554 Main St
    Multifamily properties
    Lot: 0.34 Acres
    Value Estimation by Request

    554 Main St, Decatur, IL 62522

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    Delta Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 78.13 Acres
    Value Estimation by Request

    Delta Dr, Decatur, IL 62526

    View details

    Decatur, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 14 multifamily properties for sale in Decatur, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 42,632 square feet of properties for sale, with an estimated market value of $2,275,000.

    Sale prices for multifamily properties in Decatur, IL start at $675,000, averaging $758,333, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 4
    Mobile home & RV parks 1

    Property Size Breakdown

    The majority of commercial real estate listings in Decatur fall within the 100,000+ square foot range.

    Demographics Overview

    Population 79K
    Population Growth (5Y) -14.5%
    Median Household Income $56,571
    College Educated 16.3%

    High-Yield Neighborhoods for Investment

    Identify Decatur submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    62521 $545K
    62522 $1.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Decatur, IL

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