657 W Main St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by J Leman • eXp Realty,LLC-Cha
    P: (217)-778-5320 C: (217)-778-5320 j@jleman.com

Sold By Baird & Warner Fox Valley - Geneva

Property Details for 657 West Main Street

Area
Decatur
Township
Decatur
Num Of Parking Spaces
10.0
LISTING CLOSED: 02/23/2023 12:00 AM

Property Details for 657 West Main Street

StatusClosed
MLS #11665454
Days on Market41
Taxes$3,783 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1979
Lot Size0.17 AC / 7,405 SF
CountyMacon County
Add your commute

Building Information for 657 West Main Street

Stories3Residences10Year Built1979Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,494 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,179

Property Taxes

$315

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 657 West Main Street

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.

Similar Homes

Nearby off-market homes

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.