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1740-1760 S Fairview Avenue
Decatur IL 62521 US

$2,350,000

Active Listing ID 12309051
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$2,350,000

Active Listing ID 12309051
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1740-1760 S Fairview Avenue 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!

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2350000
  • unparsedaddress: 1740-1760 S Fairview Avenue
  • postalcity: Decatur
  • stateorprovince: IL
  • country: US
  • postalcode: 62521
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 12720
  • livingareaunits: Square Feet
  • listagentfullname: Nate Evans
  • listagentemail: nate@thenateevansgroup.com
  • listagentkey: 3yd-MREDIL-952431
  • listagentmlsid: 952431
  • listagentpreferredphone: 2172397113
  • listagentofficephone: 2172397113
  • listofficekey: 3yd-MREDIL-95403
  • listagentstatelicense: 475124281
  • listofficemlsid: 95403
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1979
  • listingcontractdate: 2025-03-11
  • listagenturl: https://il.exprealty.com/
  • countyorparish: Macon
  • parcelnumber: 041221428010
  • numberofunitstotal: 61
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"nate@thenateevansgroup.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"il.broker@expreatly.net", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/a3021210a6cb11e290dc1231390c3dc2/20241220182434696.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(888) 574-9405", "ListBrokeragePostalCode":"60642", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"#750", "ListBrokerageUnparsedAddress":"939 W North Ave", "ListBrokerageWebsiteUrl":"https://il.exprealty.com/", "ListOfficeAddress1":"501 E Main", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Mahomet", "ListOfficeCountry":"US", "ListOfficeEmail":"il.broker@expreatly.net", "ListOfficePostalCode":"61853", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Decatur, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12309051/?channel=rexren", "MLSModificationTimestamp":"2025-09-02T16:38:01Z", "Neighborhoods":[{"Description":null, "Name":"Decatur"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":36000, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/2/2025 10:34:00 PM GMT
Source Updated Date: 12/5/2025 12:40:34 PM GMT

Courtesy of: Nate Evans, eXp Realty-Mahomet, nate@thenateevansgroup.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.