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1740-1760 S Fairview Avenue
Decatur IL 62521 US

$2,250,000

Active Listing ID 12309051
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65 bed
bath icon
65.00 Bath (65 Full)
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Other

$2,250,000

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: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 65

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2250000
  • unparsedaddress: 1740-1760 S Fairview Avenue
  • postalcity: Decatur
  • stateorprovince: IL
  • country: US
  • postalcode: 62521
  • bathroomsfull: 65
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.822376
  • longitude: -88.97648
  • listagentfullname: Nate Evans
  • listagentemail: nate@thenateevansgroup.com
  • listagentkey: 3yd-MREDIL-952431
  • listagentmlsid: 952431
  • listagentpreferredphone: (888) 574-9405
  • listagentofficephone: 2172397113
  • listofficekey: 3yd-MREDIL-95403
  • listofficemlsid: 95403
  • disclaimer: Copyright © 2026 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
  • listagentfax: 2173520108
  • listagenturl: https://il.exprealty.com/
  • countyorparish: Macon
  • parcelnumber: 041221428010
  • constructionmaterials: Vinyl Siding
  • numberofunitstotal: 61
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 24, Bedroom 56, Bedroom 61, Bedroom 8, Bedroom 41, Bathroom 37, Bedroom 7, Bathroom 11, Bedroom 18, Bathroom 52, Bedroom 47, Bathroom 5, Bedroom 32, Bedroom 27, Bedroom 36, Bathroom 16, Bedroom 43, Bedroom 45, Bathroom 36, Bedroom 35, Bathroom 41, Bedroom 5, Bathroom 3, Bedroom 26, Bedroom 52, Bedroom 33, Bedroom 24, Bathroom 55, Bedroom 37, Bedroom 20, Bathroom 54, Bedroom 62, Bedroom 29, Bathroom 53, Bedroom 13, Bathroom 4, Bedroom 4, Bathroom 28, Bedroom 53, Bedroom 48, Bedroom 21, Bedroom 11, Bedroom 50, Bathroom 62, Bedroom 2, Bathroom 57, Bedroom 9, Bathroom 10, Bedroom 40, Bathroom 39, Bathroom 25, Bathroom 7, Bathroom 42, Bathroom 49, Bedroom 58, Bedroom 14, Bathroom 30, Bedroom 15, Bedroom 16, Bathroom 29, Bathroom 34, Bedroom 51, Bathroom 23, Bathroom 59, Bedroom 44, Bathroom 45, Bathroom 47, Bedroom 1, Bathroom 44, Bathroom 58, Bathroom 38, Bathroom 8, Bathroom 6, Bedroom 38, Bedroom 63, Bathroom 1, Bathroom 40, Bathroom 31, Bathroom 60, Bathroom 12, Bathroom 48, Bedroom 19, Bedroom 10, Bathroom 17, Bedroom 42, Bathroom 43, Bathroom 46, Bedroom 25, Bedroom 46, Bathroom 15, Bathroom 26, Bedroom 65, Bedroom 60, Bedroom 57, Bedroom 49, Bathroom 64, Bathroom 19, Bathroom 33, Bathroom 61, Bedroom 23, Bathroom 2, Bedroom 39, Bedroom 28, Bathroom 51, Bedroom 54, Bedroom 3, Bedroom 34, Bathroom 56, Bedroom 55, Bathroom 22, Bedroom 30, Bedroom 31, Bathroom 50, Bathroom 65, Bedroom 6, Bedroom 59, Bedroom 12, Bathroom 32, Bathroom 18, Bathroom 21, Bedroom 64, Bathroom 20, Bathroom 35, Bathroom 9, Bathroom 14, Bathroom 13, Bathroom 63, Bathroom 27, Bedroom 17, Bedroom 22
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -88.97648, 39.822376
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":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":"#750", "ListOfficeBrokerMlsId":"95403", "ListOfficeCity":"Mahomet", "ListOfficeCountry":"USA", "ListOfficeEmail":"il.broker@expreatly.net", "ListOfficePostalCode":"61853", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Decatur, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1760-S-Fairview-Ave_Decatur_IL_62521_M89347-37408?f=listhub&s=MREDIL&m=12309051&c=rexren", "MLSModificationTimestamp":"2026-02-27 18:30:01", "Neighborhoods":[{"Description":null, "Name":"Decatur"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":36000, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/27/2026 6:40:17 PM GMT
Source Updated Date: 3/1/2026 8:09:30 PM GMT

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

Copyright © 2026 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.