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    Decatur, IL Multifamily Properties for Sale

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    Chicago, IL Springfield, IL Hoffman Estates, IL
    6 results
    65-Unit Multifamily Investment Opportunity
    $2,250,000

    65-Unit Multifamily Investment Opportunity

    1740-1760 S Fairview Avenue, Decatur, IL 62521

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

    • High‑yield investment opportunity with a 7.71% cap rate.
    • 65‑unit multifamily property offering substantial income potential.
    • Prime location near Millikin University (1.5 miles), attracting students and local residents.
    • Significant value‑add potential through increased occupancy from the current 66%.
    • Recent renovations provide modern, comfortable living spaces.
    Updated: Mar 11, 2025
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    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

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    417-461 W Wood St, Decatur, IL 62522
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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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    RETAIL
    $675,000
    11,884 SF

    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL
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    Downtown Decatur Mixed-Use Investment
    $675,000
    11,884 SF

    Downtown Decatur Mixed-Use Investment

    Mixed-use property with commercial and residential spaces in Decatur.

    248 N Park St, Decatur, IL 62523
    View details
    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 6 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.

    Explore Opportunities in Nearby Cities

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

    Income-Producing Springfield Multifamily Opportunity
    $102,000

    Income-Producing Springfield Multifamily Opportunity

    Two single-family homes on one lot, generating consistent cash flow.

    432 N DANIELS Avenue, Springfield, IL 62702
    View details
    Well-Maintained Duplex with Expansion Potential
    $165,000

    Well-Maintained Duplex with Expansion Potential

    Income-generating duplex with an adjacent lot for future development.

    107 S Oak Street, Assumption, IL 62510
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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
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    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.

    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
    View details
    Belleville Buildable Residential Lot
    Contact for pricing
    0.63 Acres

    Belleville Buildable Residential Lot

    0.66 acre lot in Villa Hills, St. Clair County.

    632 Fern Drive, Belleville, IL 62223
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    Belleville Land For Sale
    Contact for pricing
    0.60 Acres

    Belleville Land For Sale

    0.60 acre vacant lot in Villa Hills.

    636 Fern Drive, Belleville, IL 62223
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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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    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.

    2495 Hl Ave

    2495 Hl Ave

    MOBILE HOME PARK, TRAILER PARK • 17.25 Acres
    Value Estimation
    $800,000
    2495 Hl Ave, Decatur, IL 62526-1583
    View details
    1045 Harrison Ave

    1045 Harrison Ave

    MOBILE HOME PARK, TRAILER PARK • 4.51 Acres
    Value Estimation
    $800,000
    1045 Harrison Ave, Decatur, IL 62526-3875
    View details
    1525 Fairview Ave

    1525 Fairview Ave

    MOBILE HOME PARK, TRAILER PARK • 3.09 Acres
    Value Estimation
    $800,000
    1525 Fairview Ave, Decatur, IL 62521-4030
    View details
    820 Mckinley Ave

    820 Mckinley Ave

    MOBILE HOME PARK, TRAILER PARK • 3.01 Acres
    Value Estimation by Request
    820 Mckinley Ave, Decatur, IL 62526-3204
    View details
    433 Gravel Pit Rd

    433 Gravel Pit Rd

    MOBILE HOME PARK, TRAILER PARK • 1,768 SF
    Value Estimation by Request
    433 Gravel Pit Rd, Decatur, IL 62522-9006
    View details
    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
    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 15 multifamily properties for sale in Decatur, IL, showcased through 6 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.

    Sale 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 stay ahead with the latest data and market trends.

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    Browse Multifamily properties for Sale Near Decatur, IL

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    Most Searched ZIP Codes in Decatur, IL

    • 62522
    • 62521
    • 62523

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