$570,000

135 E Prairie Ave Unit 1-4 Decatur, IL 62523

$6,769
Closing credit¹
0.06 acres
Multi-Family

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

Home typeQuadruplex
StatusActive
CoolingCentral Air
Lot size0.06 Acres
Year built1880
MLS #6245377

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, 6:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior

$570,000

135 E Prairie Ave Unit 1-4

$6,769

closing credit¹

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0.5% sale price²

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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $11,895. Typical income of Decatur, IL residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

72%
<35k
26%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

77%
Single, No Kids
14%
Single, with Kids
5%
Married, No Kids
4%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
4%
12-17 yrs old
34%
18-34 yrs old
46%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • UFCUFC
  • SoccerSoccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Forever 21Forever 21
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Burger KingBurger King
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • CadillacCadillac
  • BuickBuick
  • MazdaMazda

What do the neighbors listen to?

  • JazzJazz
  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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.

Over 7 listings were sold over their listed price in February 2025 in Decatur, IL. In the same period over 33 listings were sold below the listed price and 16 listings were sold for the listed price. The number of listings in Decatur, IL decreased by 6.2% between January and February 2025. 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.

From Rocket Homes Real Estate and based on county public records data.

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