135 E Prairie Ave, Unit 14

Decatur, IL 62523

$450,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 12/12/25
Closed 12/12/25

Description

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...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.
  1. Listed by Zane Peterson • Main Place Real Estate
    P: (217)-454-8800 C: (217)-454-8800 zane@mainplace.us

Property Details for 135 East Prairie Avenue, Unit 14

Subdivision Name
Lease
Has Waterfront
No
Zoning
MUN
LISTING CLOSED: 12/12/2025 12:00 AM

Property Details for 135 East Prairie Avenue, Unit 14

StatusClosed
MLS #6245377
Days on Market364
Taxes$2,297 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1880
Lot Size0.06 AC / 2,613 SF
CountyMacon County
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Location

Listing Courtesy of Main Place Real Estate

Sold By Brinkoetter REALTORS®

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Building Information for 135 East Prairie Avenue, Unit 14

Stories1Residences4Year Built1880Building Size-Lot Size0.06 AC / 2,613 SF

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$2,479 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$191

HOA Dues

$0

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Property Information for 135 East Prairie Avenue, Unit 14

Summary
Location and General Information
  • Latitude: 39.842375
  • Longitude: -88.955095
  • Unit Number: 1-4
Taxes and HOA
  • Parcel Number: 04-12-15-282-033
  • Tax Annual Amount: $2,297.00
  • Tax Year: 2022
School Information
  • Elementary School District: Decatur Dist 61
  • High School District: Decatur Dist 61
  • Middle Or Junior School District: Decatur Dist 61
Parking
  • Carport: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Units: Acres
  • Lot Size Square Feet: 2721.0
Property and Assessments
  • Living Area: 0.0
  • Living Area Source: Public Records
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Year Built: 1880
  • Year Built Source: Public Records
Building Features
  • Levels: One
  • Roof: Other
  • Stories: 1
  • Total Stories: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Water Heater
  • Cooling: Central Air
  • Has Cooling: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Scheduled Income: $69,420
  • Operating Expense: $19,560.00

Property History for 135 East Prairie Avenue, Unit 14

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Sold

Central Illinois Board of REALTORS #6245377

$450,000—
Oct 31, 2025

Temporarily Off Market

MRED #12140735

—
Oct 28, 2025

Pending

Central Illinois Board of REALTORS #6245377

—
DateEvent & SourcePrice
12/12/2025

Sold

Central Illinois Board of REALTORS #6245377

$450,000
10/31/2025

Temporarily Off Market

MRED #12140735

—
10/28/2025

Pending

Central Illinois Board of REALTORS #6245377

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 135 East Prairie Avenue, Unit 14

This home is within Decatur School District 61.
Rating
School
Type
Grades
Distance
Dennis Lab School
Public - K to 8
Macarthur High School
Public - 9 to 12
Garfield Montessori School
Public - PK to 8
American Dreamer STEM Academy
Public - K to 8
Rating
School
Distance
Dennis Lab School
PublicK to 8

Macarthur High School
Public9 to 12

Garfield Montessori School
PublicPK to 8

American Dreamer STEM Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Main Place Real Estate

The data relating to real estate for sale on this website 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 ©2026 Central Illinois Board of REALTORS®. All rights reserved.