Decatur, IL Multifamily Properties for Sale

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Macon, IL Forsyth, IL Mount Zion, IL Mt Zion, IL Oreana, IL Dalton City, IL Cerro Gordo, IL Blue Mound, IL

10 properties

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Updated: Jul 28

Mixed-Use Property with Retail

228 W MAIN ST, Decatur, IL 62523

$795,000

15,080 sqft 0.37 AC lot

13‑unit mixed‑use property with seven apartments and six retail storefronts
15,080 square feet on 0.37 acres
Off‑street parking lot on the north side of the property
Most units are individually metered
Built in 1920 with natural gas and forced‑air heating

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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

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18-Unit Apartment Buildings

152 & 162 S Dipper Ln, Decatur, IL 62522

$700,000

Two-building multifamily property with varied apartment layouts, on-site laundry, and dedicated parking.

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See what stands out in Macon County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

Mixed-Use Property with Apartments

334 W Main St, Decatur, IL 62522

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14,500 sqft 0.55 AC lot

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

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Three-Unit Residential Income Property

555 W Main St, Decatur, IL 62522

$149,900

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

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Operating Motel with 19 Units

3420 N 22nd St, Decatur, IL 62526

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1.57 AC lot

Operating Tri-Manor Motel offers 19 units with a lobby on a 1.57-acre parcel along Illinois Route 48.

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Decatur Multifamily Investment Opportunity

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

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

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110-Unit Apartment Building

520 S Church St, Decatur, IL 62522

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99,490 sqft

Apartment community serving a market with manufacturing and logistics employers.

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Historic Four-Unit Quadplex

135 E Prairie Ave, Decatur, IL 62523

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Four rented condominium residences feature cathedral ceilings, exposed brick, and separately allocated utilities.

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65-Unit Apartment Building

1740 S Fairview Ave, Decatur, IL 62521

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Includes recently renovated units and a laundry room nearing completion near Millikin University.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 10 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

102 ELM Street, Dawson, IL 62520

$435,000

0.86 AC lot

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

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9-Unit Apartment Building

102 ELM Street, Dawson, IL 62520

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

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Mixed-Use Building with Apartments

110-112 N Charter Street E, Monticello, IL 61856

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The property combines an attorney office with two upstairs residential units in a maintained building.

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Duplex Income Property

491-495 N Buchanan St, Monticello, IL 61856

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Value Estimation by Request

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Multifamily properties

135 Prairie Ave, Decatur, IL 62523

Value Estimation by Request

0.06 AC lot

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Multifamily properties

554 Main St, Decatur, IL 62522

Value Estimation by Request

0.34 AC lot

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MOBILE HOME PARK, TRAILER PARK

Delta Dr, Decatur, IL 62526

$370,000

Estimated value

78.13 AC lot

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Decatur, IL Multifamily Properties Market Trends and Statistics

Explore 19 multifamily properties for sale in Decatur, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 129,070 square feet of properties for sale, with an estimated market value of $5,094,900.

Sale prices for multifamily properties in Decatur, IL start at $149,900, averaging $1,273,725, 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

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	$149.9K
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.

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