#6248118, Listing Office: Brinkoetter REALTORS®
135 E Prairie Ave Unit 1-4 Decatur, IL 62523
Property details
About 135 E Prairie Ave Unit 1-4
Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.
Highlights
Summary
- MLS Number: 6245377
- MLS Name: CentralIL
- Office Name: Main Place Real Estate
- Office Phone: (217) 422-3335
- Office Email: zane@mainplace.us
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 4:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$570,000
135 E Prairie Ave Unit 1-4
$6,769
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
South Shores Elementary School
Public District KG-6
2.2 mi
•2500 S Franklin Street Rd
1
Franklin Grove Elementary School
Public District KG-6
2.5 mi
•2440 N Summit Ave
2
E. J. Muffley Elementary School
Public District KG-6
2.8 mi
•88 S Country Club Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $11,895. The most common annual income of people living in Decatur, IL is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
Similar homes for sale
This home is located at 135 E Prairie Ave Unit 1-4 in Decatur, IL and zip code 62523. Features: 0 bathroom. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $570,000.
While more than 7 listings in Decatur, IL in February 2025 were sold above asking price, there were more than 16 listings sold at asking price, and more than 33 were sold below. The inventory of homes for sale in Decatur, IL between January and February 2025 decreased by 6.2%. In February 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $125,600.