1740-1760 S Fairview Ave

Decatur, IL 62521

$2,250,000
Price
65
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Prime Investment Opportunity - 65-Unit Multifamily Property Near Millikin University Welcome to an exceptional investment opportunity! This 65-unit residential property offers strong income potential, strategically positioned just 1.5 miles from Millikin University. With a current cap rate of 7.71 0/0 and a GRM of 6.95, this asset is priced based on existing income figures-reflecting the low 66 0/0 occupancy rate, leaving significant upside for the savvy investor. Some recent renovations, the units...Prime Investment Opportunity - 65-Unit Multifamily Property Near Millikin University Welcome to an exceptional investment opportunity! This 65-unit residential property offers strong income potential, strategically positioned just 1.5 miles from Millikin University. With a current cap rate of 7.71 0/0 and a GRM of 6.95, this asset is priced based on existing income figures-reflecting the low 66 0/0 occupancy rate, leaving significant upside for the savvy investor. Some recent renovations, the units provide modern, comfortable living spaces that attract both students and local residents, further enhancing the rental potential. Value-Add Potential Increase in Occupancy: With only 66 0/0 occupancy, there's a major opportunity to increase revenue and push returns even higher. Laundry Room Completion: Once finalized, this additional amenity will further enhance tenant satisfaction and generate additional income. This is more than just an investment-it's a turnkey opportunity with immediate income and long-term appreciation potential. Whether you're an experienced investor or looking to expand your portfolio, this property offers a rare chance to acquire a high-yield asset in a prime location. Don't miss out on securing this income-producing multifamily property-schedule a showing today!
  1. Listed by Nate Evans • Nate Evans Group
    P: (217)-239-7113 C: (217)-493-9297 nate@thenateevansgroup.com
  2. Listed by Molly Jones • Nate Evans Group
    P: (217)-239-7113 C: (217)-493-6200 mollyajones205@gmail.com

Property Details for 1740-1760 South Fairview Avenue

Area
Decatur
LISTING UPDATED: 05/04/2026 12:06 AM

Property Details for 1740-1760 South Fairview Avenue

StatusActive
MLS #12631828
Days on Market62
Taxes$36,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1979
Lot Size0.00 AC / 0 SF
CountyMacon County
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Location

Listing Courtesy of Nate Evans Group
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Building Information for 1740-1760 South Fairview Avenue

Stories3Residences61Year Built1979Building Size-Lot Size0.00 AC / 0 SF

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$14,212 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,212

Property Taxes

$3,000

HOA Dues

$0

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Property Information for 1740-1760 South Fairview Avenue

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Electric,Baseboard
  • Num of Baths: 65.0
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 0X0
  • Stories: 3
  • Exterior Building Type: Vinyl Siding
  • Construction: Vinyl Siding
  • Building Area Total: 12720
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 26
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 61
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $335,334.00
  • Gross Scheduled Income: $335,334.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 27944
  • Net Operating Income: $181,244.00
  • Operating Expense: $156,022.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 61
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1740-1760 South Fairview Avenue

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Cancelled

MRED #12309051

$2,250,000—
Apr 28, 2026

Listed (Active)

MRED #12631828

$2,250,000—
Jan 28, 2026

Contingent

MRED #12309051

—
DateEvent & SourcePrice
04/28/2026

Cancelled

MRED #12309051

$2,250,000
04/28/2026

Listed (Active)

MRED #12631828

$2,250,000
01/28/2026

Contingent

MRED #12309051

—

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

Schools near 1740-1760 South Fairview Avenue

This home is within Decatur School District 61.
Rating
School
Type
Grades
Distance
South Shores Elementary School
Public - K to 6
Stephen Decatur Middle School
Public - 7 to 8
Eisenhower High School
Public - 9 to 12
Robertson Charter School
Charter - PK to 8
Rating
School
Distance
South Shores Elementary School
PublicK to 6

Stephen Decatur Middle School
Public7 to 8

Eisenhower High School
Public9 to 12

Robertson Charter School
CharterPK 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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More information about 1740-1760 South Fairview Avenue, Decatur, IL 62521

1740-1760 South Fairview Avenue is a multi-family home for sale in Decatur, IL 62521. This property was listed for sale on April 28, 2026 by Nate Evans Group, it's currently listed at $2,250,000. It has been on the market for a total of 62 days and was last sold on September 25, 2024. This listing's school district is Decatur School District 61. Nearby schools include South Shores Elementary School, Stephen Decatur Middle School and Eisenhower High School. 1740-1760 South Fairview Avenue is a 65-bed, 65-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nate Evans Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/04/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.