105,111,117 & 133 Elder LanePrice Reduced
Decatur, IL 62522 · West View Add 04 · MLS #6257557
Introducing a prime multifamily investment opportunity in Decatur, Illinois. The property consists of 35 units across four parcels, featuring four freestanding buildings, including a duplex that contains the superintendent unit. Constructed between 1964 and 1967, the buildings are a combination of brick, mortar, and frame construction and are zoned B-2 with multifamily permitted use. The property is located on the far west side of Decatur, near lifestyle amenities including the 180+ acre Fairview Park, nearby bicycle and walking trails, and the campus-town shops and restaurants surrounding Millikin University. Current ownership has completed select capital improvements, with approximately 25 of the 35 units cosmetically updated, demonstrating measurable rental increases and improved operating performance. Majority of units are two bedrooms. With additional units remaining to be renovated, the property offers continued value-add potential for investors seeking stable income.
Features
Property Details
- Price
- $2,130,000
- MLS #
- 6257557
- Status
- Active
- Type
- ResidentialIncome
- Subtype
- Multi Family
- Subdivision
- West View Add 04
- Listed Date
- Mar 17, 2026
- Lot Size
- 21,780 sqft / 0.50 acres
- Year Built
- 1964
- County
- Macon
- Zoning
- B-2
- Parcel Number
- 04-12-17-254-010
Interior
- Above Grade Finished Area
- 0
- Appliances
- Water Heater
- Cooling
- Central Air, Window Units
- Levels
- Three Or More
Exterior
- Garage
- No
- Roof
- Other
- Stories
- 3
- Sewer
- Public Sewer
- Water Source
- Public
Payment estimate
Estimate for planning only — actual payment depends on your loan. Talk to your lender.
Financial
- Tax Year
- 2024
- Taxes
- $15,590
Schools
- School District
- Decatur Dist 61
Market Summary
Current real estate data for ResidentialIncome in Decatur as of Sep 14, 2026, from all participating CIBR offices.
Location
See this listing
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Listed by Main Place Real Estate · 217-422-3335. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.
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