Sold
Last Sold Price
554-562 W Main St, Decatur, IL 62522
Multi FamilyProperty Type
9,147 sq ftLot Size
1925Year Built
3 carsParking Spaces

Description

Multi-Family Package For Sale! Featuring a 7-Unit & Duplex, next door to each other! 554: 7-Unit 100% Occupied with leased tenants! Each unit metered individually. Washer/Dryer's in units. This building was completely remodeled in 2010. Boasting many modern updates & features, such as: sewer line, electrical, HVAC, water heaters, kitchens, bathrooms w/ tile flooring, LVP flooring, windows, carpet, light fixtures, much more! 562: Full Brick Duplex. 100% Occupied. A ton of updates, including: Newly...Multi-Family Package For Sale! Featuring a 7-Unit & Duplex, next door to each other! 554: 7-Unit 100% Occupied with leased tenants! Each unit metered individually. Washer/Dryer's in units. This building was completely remodeled in 2010. Boasting many modern updates & features, such as: sewer line, electrical, HVAC, water heaters, kitchens, bathrooms w/ tile flooring, LVP flooring, windows, carpet, light fixtures, much more! 562: Full Brick Duplex. 100% Occupied. A ton of updates, including: Newly Updated bathrooms and kitchens, New Plumbing throughout, New Double-pane windows, New ceramic tile in kitchen and entryways. 10 year old boiler, flushed recently, Updated electrical throughout. Units are separate metered. Roof less than 10 years old. Comes with Completed Home Inspection and Completed repair work. This multi-unit package is truly the definition of 'Turn-Key'. For more information and/or questions: contact us today!
  • Listed by: Austin Deaton 217.620.1843 austin@brinkoetter.com • Brinkoetter REALTORS®
Listing closed: 02/13/2025 12:00 AM • Source: Central Illinois Board of REALTORS, MLS#: 6240210

Recent comparable sales

Median sold price

$259,000

Avg days on market

135

Sale-to-list ratio

11595.3%

Decatur, IL

9 comparable properties found

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Location

Listing Courtesy of Brinkoetter REALTORS®

Sold By Glenda Williamson Realty

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Property Information for 554-562 West Main Street

Property Details
  • Taxes: $4,857 / year
  • MLS Type: Residential Income / Multi Family
  • County: Macon County
  • Has Waterfront: No
  • Zoning: MUN
Building Information
  • Stories: 2
  • Residences: 9
  • Year Built: 1925
  • Lot Size: 0.21 AC / 9,147 SF
Summary
Location and General Information
  • Directions: on corner of Monroe & W Main.
  • Latitude: 39.838253
  • Longitude: -88.96281
Taxes and HOA
  • Parcel Number: 04-12-15-254-014
  • Tax Annual Amount: $4,857.00
  • 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
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Detached, Garage
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Square Feet: 9000.0
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt
Property and Assessments
  • Living Area Source: Public Records
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1925
  • Year Built Source: Estimated
Building Features
  • Construction Materials: Brick, Vinyl Siding
  • Levels: Two
  • Roof: Shingle
  • Stories: 2
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Range Hood, Washer
  • Basement: Unfinished, Full
  • Has Basement: Yes
  • Cooling: Central Air, Window Unit(s)
  • Has Cooling: Yes
  • Heating: Natural Gas, Forced Air, Hot Water
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Gross Scheduled Income: $58,380
  • Net Operating Income: $44,414
  • Operating Expense: $13,966.00

Property History for 554-562 West Main Street

DateEvent & SourcePriceAppreciation
Feb 13, 2025

Sold

Central Illinois Board of REALTORS #6240210

$433,600
Jan 10, 2025

Pending

Central Illinois Board of REALTORS #6240210

Dec 23, 2024

Contingent

Central Illinois Board of REALTORS #6240210

DateEvent & SourcePrice
02/13/2025

Sold

Central Illinois Board of REALTORS #6240210

$433,600
01/10/2025

Pending

Central Illinois Board of REALTORS #6240210

12/23/2024

Contingent

Central Illinois Board of REALTORS #6240210

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

Schools near 554-562 West Main Street

This home is within Decatur School District 61.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - PK to 8
Public - PK to 8
Rating
School
Distance
Dennis Lab School
PublicK to 8

Macarthur High School
Public9 to 12

Robertson Charter School
CharterPK to 8

Garfield Montessori School
PublicPK 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 554-562 West Main Street, Decatur, IL 62522
$433,600
9,147
$44,000
1,222
6,000
3,000
1
1,152
4,240
$25,000
2
1,457
7,650
2,178

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 Brinkoetter REALTORS®

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.