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    Decatur, IL
    Multifamily

    Decatur, IL Multifamily Properties for Sale

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    Macon, IL Forsyth, IL Mt Zion, IL Mount Zion, IL Oreana, IL Dalton City, IL Cerro Gordo, IL Blue Mound, IL
    Mixed-Use Apartment Complex
    Updated: Aug 14
    Mixed-Use Apartment Complex

    2490 N Water Street, Decatur, IL 62526

    $3,450,000
    4.51 AC lot
    70 residential units and 13 commercial suites
    Three‑building complex with mixed‑use and residential buildings
    55,297 square feet on 4.51 acres
    Built in 1975
    Located on U.S. Route 51, also known as Water Street
    View details
    18-Unit Apartment Buildings
    Updated: Sep 1
    18-Unit Apartment Buildings

    152 & 162 S Dipper Ln, Decatur, IL 62522

    $700,000
    18‑unit multifamily property across two buildings
    Unit mix includes studios, one‑bedroom apartments, and a single two‑bedroom apartment
    One building has 10 units; the second building has 8 units
    On‑site laundry facility
    Dedicated off‑street parking behind the buildings
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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    334 W Main St, Decatur, IL 62522

    Contact for pricing
    14,500 sqft 0.55 AC lot

    Renovated apartments accompany vacant retail and office space in a walkable downtown setting.

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    See hot listings in Decatur

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    555 W Main St, Decatur, IL 62522

    $139,000

    Fully occupied multifamily property with appliances, updated mechanical systems, and a detached garage.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 4 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

    Opportunities in Nearby Cities

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

    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    $399,999
    0.86 AC lot

    Full occupancy includes two additional lots with tenant-owned mobile homes and shared coin-operated laundry.

    View details
    10-Unit Brick Apartment Property
    10-Unit Brick Apartment Property

    901 State Route 10 W, Clinton, IL 61727

    $180,000

    Two buildings offer varied residential layouts with separate gas service and centralized electric billing.

    View details
    3-Unit Triplex
    3-Unit Triplex

    423 W Main Street, Clinton, IL 61727

    $89,900

    Two residences are occupied; the third is unfinished and can be completed for residential use.

    View details
    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    Contact for pricing

    Fully occupied multifamily property with mobile homes and shared coin-operated laundry.

    View details

    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

    2495 Hl Ave, Decatur, IL 62526-1583

    Estimated value:
    $780,000
    17.25 AC lot
    View details
    1045 Harrison Ave
    MOBILE HOME PARK, TRAILER PARK

    1045 Harrison Ave, Decatur, IL 62526-3875

    Estimated value:
    $800,000
    4.51 AC lot
    View details
    1525 Fairview Ave
    MOBILE HOME PARK, TRAILER PARK

    1525 Fairview Ave, Decatur, IL 62521-4030

    Estimated value:
    $800,000
    3.09 AC lot
    View details
    820 Mckinley Ave
    MOBILE HOME PARK, TRAILER PARK

    820 Mckinley Ave, Decatur, IL 62526-3204

    Estimated value:
    $160,000
    3.01 AC lot
    View details
    433 Gravel Pit Rd
    MOBILE HOME PARK, TRAILER PARK

    433 Gravel Pit Rd, Decatur, IL 62522-9006

    Estimated value:
    $220,000
    1,768 sqft 10.14 AC lot
    View details
    1244 Prairie Ave
    Multifamily properties

    1244 Prairie Ave, Decatur, IL 62521

    Estimated value: by Request
    View details
    135 Prairie Ave
    Multifamily properties

    135 Prairie Ave, Decatur, IL 62523

    Estimated value: by Request
    0.06 AC lot
    View details
    554 Main St
    Multifamily properties

    554 Main St, Decatur, IL 62522

    Estimated value: by Request
    0.34 AC lot
    View details
    Delta Dr
    MOBILE HOME PARK, TRAILER PARK

    Delta Dr, Decatur, IL 62526

    Estimated value:
    $370,000
    78.13 AC lot
    View details

    Decatur, IL Multifamily Properties Market Trends and Statistics

    Explore 13 multifamily properties for sale in Decatur, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 14,500 square feet of properties for sale, with an estimated market value of $4,289,000.

    Sale prices for multifamily properties in Decatur, IL start at $139,000, averaging $1,429,666, and reaching up to $3,450,000 — 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

    Commercial property segments ranked by active listings on the market

    Apartment buildings 4
    Triplexes 1

    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 average listing prices of real estate assets

    Neighborhood Average Price
    62522 $419.5K
    62523 $795K
    62526 $3.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Decatur, IL

    • 62522
    • 62526
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