Sold
Last Sold Price
10 beds
657 W Main St, Decatur, IL 62522
Multi FamilyProperty Type
0.17 acresLot Size
1979Year Built
10 carsParking Spaces

Description

Cashflow from Day 1 with this All-Brick 10 Unit within half a mile from Millikin University. Two 1 bedroom units, and 8 Efficiencies. Each unit has forced air and newer heating and cooling wall systems. Separate meters for all units. Some units have been updated and Gross Potential Rents are $4,575. Actual rents are $3300 as owner has just finished updating 3 vacant units that are ready to be leased by the new owner or can be filled prior to closing. Strong DEMAND for these units which could help...Cashflow from Day 1 with this All-Brick 10 Unit within half a mile from Millikin University. Two 1 bedroom units, and 8 Efficiencies. Each unit has forced air and newer heating and cooling wall systems. Separate meters for all units. Some units have been updated and Gross Potential Rents are $4,575. Actual rents are $3300 as owner has just finished updating 3 vacant units that are ready to be leased by the new owner or can be filled prior to closing. Strong DEMAND for these units which could help new owner raise rents for instant VALUE ADD potential. 2020 150 Gallon Water Heater. Improvements Since 2008 - replacement windows, refurbished baths, fire alarm system, electrical, flooring and parking lot in the back! Great for first time or seasoned investor.

    Sold By Baird & Warner Fox Valley - Geneva

    • Listed by: J Leman 217.778.5320 j@jleman.com • eXp Realty,LLC-Cha
    Listing closed: 02/23/2023 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11665454

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    Recent comparable sales

    Median sold price

    $215,000

    Avg days on market

    80

    Sale-to-list ratio

    89.4%

    Decatur, IL

    9 comparable properties found

    $255,000 | 904 West Macon Street, Decatur, IL 62522
    1/17
    1

    $255,000

    Sold 03/21/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.23
    Acres
    a front view of a house with a yard
    1/4
    2

    $312,900

    Sold 11/17/25

    45
    Bedrooms
    25
    Bathrooms
    3,520
    Square Feet
    0.17
    Acres
    $240,000 | 4364 Cook Place, Decatur, GA 30035
    3

    $240,000

    Sold 12/06/24

    10
    Bedrooms
    2,056
    Square Feet
    0.5
    Acres
    $249,900 | 450 West Macon Street, Decatur, IL 62522
    1/16
    4

    $249,900

    Sold 12/31/25

    6
    Bedrooms
    6
    Bathrooms
    1,500
    Square Feet
    0.2
    Acres
    5

    $212,500

    Sold 10/02/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.15
    Acres
    $215,000 | 530 Powers Lane, Decatur, IL 62522
    1/47
    6

    $215,000

    Sold 12/10/25

    5
    Bedrooms
    3,120
    Square Feet
    0.96
    Acres
    7

    $210,000

    Sold 12/02/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    8

    $200,000

    Sold 10/22/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.36
    Acres
    $195,000 | 330 West William Street, Decatur, IL 62522
    1/42
    9

    $195,000

    Sold 03/27/26

    5
    Bedrooms
    3,453
    Square Feet
    0.21
    Acres

    Location

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    $1,554 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $1,239

    Property Taxes

    $315

    HOA Dues

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    Property Information for 657 West Main Street

    Property Details
    • Taxes: $3,783 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Macon County
    • Area: Decatur
    • Township: Decatur
    Building Information
    • Stories: 3
    • Residences: 10
    • Year Built: 1979
    • Lot Size: 0.17 AC / 7,405 SF
    General Information
    Location and General Information
    • Information: No Sign on Property,None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Forced Air,Other
    • # Of Dishwashers: 2
    • Num of Baths: 10.0
    Property/Lot Information
    • Tenant Pays: Air Conditioning, Electricity
    • Built Before 1978: No
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 50 X 140
    • Stories: 3
    Property and Assessments
    • Public Document Count: 1
    • Document Date: 2022-11-02T16:54:49
    • Photos Count: 10
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 10
    Income & Expenses
    • Electric Expense: $2,400.00
    • Fuel Expense: $2,400.00
    • Gross Income: $4,575.00
    • Gross Scheduled Income: $54,900.00
    • Insurance Expense: $4,307.00
    • Maintenance Expense: $.00
    • Janitor Expense: 0
    • Total Monthly Income: 4700
    • Net Operating Income: $.00
    • Operating Expense: $.00
    • Other Expense: $.00
    • Trash Expense: $1,500.00
    • Water Sewer Expense: $4,080.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 2
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 8
    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 657 West Main Street

    DateEvent & SourcePriceAppreciation
    Feb 23, 2023

    Sold (Public Record)

    Public Record #1506859325

    $232,000—
    Feb 23, 2023

    Sold (Public Record)

    Public Record #1506859325

    $232,000

    +17.3% / yr

    Feb 23, 2023

    Sold

    MRED #11665754

    $232,000—
    DateEvent & SourcePrice
    02/23/2023

    Sold (Public Record)

    Public Record #1506859325

    $232,000
    02/23/2023

    Sold (Public Record)

    Public Record #1506859325

    $232,000

    +17.3% / yr

    02/23/2023

    Sold

    MRED #11665754

    $232,000

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

    Public Records for 657 West Main Street

    Taxable ValueLand$6,978Additions$63,513Total$70,491
    Tax Record2025$6,578 ($548 / month)
    Home Facts
    Lot Size7,600 SqFtStyleMulti-Family Res (5+ Units)ZoningMUNICIPALCountyMACONAPN04-12-15-181-008

    Schools near 657 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: 657 West Main Street, Decatur, IL 62522
    $232,000
    10
    –
    7,405
    –
    –
    2
    866
    6,600
    $20,000
    –
    3
    1,437
    5,100
    $50,000
    4
    2,168
    5,227
    $26,000
    5
    2,314
    6,098
    –
    –
    –
    1,262
    6,400

    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 eXp Realty,LLC-Cha

    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 02/23/2023 05:05 PM. 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.