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    Decatur, IL
    Residential Income

    Decatur, IL Residential Income Properties for Sale

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    Forsyth, IL Mt Zion, IL Mount Zion, IL Oreana, IL Cerro Gordo, IL Maroa, IL Bethany, IL Clinton, IL
    7 properties
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    Mixed-Use Building with Retail and Apartments
    Updated: Jul 28
    Mixed-Use Building with Retail and Apartments

    228 W MAIN ST, Decatur, IL 62523

    $795,000
    15,080 sqft 0.37 AC lot
    13‑unit mixed‑use property with 7 upstairs apartments and 6 street‑level retail storefronts
    Off‑street parking lot located on the north side of the building
    Most units are individually metered, with landlord responsibilities varying by lease
    Located on historic West Main Street near Millikin University
    1920 construction with aluminum exterior materials
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    Multifamily Property with Redevelopment Potential
    Updated: Mar 9
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    Contact for pricing
    16,248 sqft
    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.
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    Residential Income Property
    Residential Income Property

    612 W Macon St, Decatur, IL 62522

    Contact for pricing
    13,000 sqft

    Residential income property offered for sale with stable income potential in the Decatur market.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Operating Motel with 19 Units
    Operating Motel with 19 Units

    3420 N 22nd St, Decatur, IL 62526

    Contact for pricing
    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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    26-Space Mobile Home Park
    26-Space Mobile Home Park

    3760 E William Street Rd, Decatur, IL 62521

    $545,000

    Mobile home park with income and growth potential.

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    Brick 9-Unit Garden Apartments
    Brick 9-Unit Garden Apartments

    540 W Main St, Decatur, IL 62522

    Contact for pricing

    Nine low-rise units with separate electric meters and covered parking, with shared coin-operated laundry in the basement.

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    Decatur Multifamily Investment Opportunity
    Decatur Multifamily Investment Opportunity

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

    Contact for pricing

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

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    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 7 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 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.

    Nine-Unit Multifamily Building
    Nine-Unit Multifamily Building

    102 ELM Street, Dawson, IL 62520

    $450,000
    0.86 AC lot

    All units are currently full, with tenant-paid electricity and owner-paid utilities for common services.

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    Nine-Unit Apartment Building
    Nine-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    $450,000

    Nine fully rented units in a multi-family building, with coin-operated laundry in the common area.

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    Two-Brick Multifamily Buildings
    Two-Brick Multifamily Buildings

    901 State Route 10 W, Clinton, IL 61727

    $189,000

    Two-brick multifamily on a corner lot with 10 units, separate gas service, and a dedicated boiler room for one building.

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    Downtown Mixed-Use Retail Building
    Downtown Mixed-Use Retail Building

    405 South Side Square, Clinton, IL 61727

    Contact for pricing
    5,412 sqft

    Two storefront and four-upstairs apartment building with newer windows and a re-rolled rubber roof.

    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.

    Agricultural Land Development Tract
    Agricultural Land Development Tract

    Arbor Dr, Decatur, IL 62526

    $1,838,700
    61.29 AC lot

    Productive farmland totaling 61.29+/- acres, offered as a potential residential or multi-family development site near major routes.

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    Development Land in Oreana
    Development Land in Oreana

    East St, Oreana, IL 62554

    $816,000
    27.20 AC lot

    Approximately 27.2 acres of mostly tillable land with some wooded areas, suitable for phased residential development.

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    Residential Lot in Taylorville, IL
    Residential Lot in Taylorville, IL

    LAKESIDE Drive lot: 10, Taylorville, IL 62568

    $44,900

    Residential lot suitable for building with walkout basement potential.

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    Downs, IL 25-Acre Land Parcel
    Downs, IL 25-Acre Land Parcel

    E 700 N Road lot: 8, Downs, IL 61736

    $675,000
    25.00 AC lot

    25-acre parcel in Downs, IL, suitable for building.

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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

    2495 Hl Ave, Decatur, IL 62526-1583

    $800,000
    Estimated value
    17.25 AC lot
    View details
    1045 Harrison Ave
    MOBILE HOME PARK, TRAILER PARK

    1045 Harrison Ave, Decatur, IL 62526-3875

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

    1525 Fairview Ave, Decatur, IL 62521-4030

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

    820 Mckinley Ave, Decatur, IL 62526-3204

    Value Estimation by Request
    3.01 AC lot
    View details
    433 Gravel Pit Rd
    MOBILE HOME PARK, TRAILER PARK

    433 Gravel Pit Rd, Decatur, IL 62522-9006

    Value Estimation by Request
    1,768 sqft 10.14 AC lot
    View details
    Main St
    Farms

    0 Main St, Decatur, IL 62522

    Value Estimation by Request
    23.22 AC lot
    View details
    Arbor Dr
    Farms

    0 Arbor Dr, Decatur, IL 62526

    Value Estimation by Request
    71.00 AC lot
    View details
    Us-51
    Land

    0 Us-51, Decatur, IL 62535

    Value Estimation by Request
    4.07 AC lot
    View details
    1244 Prairie Ave
    Multifamily properties

    1244 Prairie Ave, Decatur, IL 62521

    Value Estimation by Request
    View details
    Brush College Rd & Garver Church Rd
    Land

    0 Brush College Rd & Garver Church Rd, Decatur, IL 62521

    Value Estimation by Request
    100,000 sqft 40.00 AC lot
    View details
    Albany Pl
    Land

    0 Albany Pl, Decatur, IL 62521

    Value Estimation by Request
    18.20 AC lot
    View details
    135 Prairie Ave
    Multifamily properties

    135 Prairie Ave, Decatur, IL 62523

    Value Estimation by Request
    0.06 AC lot
    View details
    554 Main St
    Multifamily properties

    554 Main St, Decatur, IL 62522

    Value Estimation by Request
    0.34 AC lot
    View details
    1121 Green St
    Land

    1121 Green St, Decatur, IL 62522

    Value Estimation by Request
    View details
    2645 Us 51
    Land

    2645 Us 51, Decatur, IL 62526

    Value Estimation by Request
    1.50 AC lot
    View details
    Delta Dr
    MOBILE HOME PARK, TRAILER PARK

    Delta Dr, Decatur, IL 62526

    Value Estimation by Request
    78.13 AC lot
    View details

    Decatur, IL Residential Income Properties Market Trends and Statistics

    Explore 23 residential income properties for sale in Decatur, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 44,328 square feet of properties for sale, with an estimated market value of $1,340,000.

    Sale prices for residential income properties in Decatur, IL start at $545,000, averaging $670,000, and reaching up to $795,000 — 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

    Multifamily properties 7
    Apartment buildings 4
    Mobile home & RV parks 1
    Short term rental properties 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
    62521 $545K
    62522 $1.6M

    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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    Most Searched ZIP Codes in Decatur, IL

    • 62522
    • 62521
    • 62523
    • 62526

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