About This Home
This 14-bedroom, 8-bathroom residential multi family at 228 W MAIN ST in Decatur, IL is listed for $795,000 ($53 per sqft). Built in 1920, the home offers 15,080 sqft of living space on a 0.37 acres lot.
Key Features
- Built in 1920
- 0.37 acre lot
- 3 stories
Property Details
RARE downtown investment opportunity has hit the market! This thirteen-unit mixed-use property offers seven upstairs apartments and six retail storefronts at street level with an off-street parking lot on the north side. Most units are individually metered, with landlord responsibilities varying by lease. With room to grow income through future rent adjustments and a prime location on historic West Main Street near Millikin University, this property is full of potential. Please do not disturb tenants!
Monthly Cost Estimate
$4,252/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
228 W MAIN ST
Decatur, IL 62523
Property Details
Flooring
Construction
Outdoor Features
Heating
Questions & Answers
This 14-bedroom, 8-bathroom residential multi family at 228 W MAIN ST is listed at $795,000 ($53/sqft). The estimated monthly payment is $4,252 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.37 acre lot, 3 stories.
This property is listed by Mitchell Cohen and can be reached at 8474363551.