For sale

$2,130,000

Est. $13,079/mo —

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•

— ba

•

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sq ft

105,111,117 & 133 Elder Ln, Decatur, IL 62522

About this home

Introducing a prime multifamily investment opportunity in Decatur, Illinois. The property consists of 35 units across four parcels, featuring four freestanding buildings, including a duplex that contains the superintendent unit. Constructed between 1964 and 1967, the buildings are a combination of brick, mortar, and frame construction and are zoned B-2 with multifamily permitted use. The property is located on the far west side of Decatur, near lifestyle amenities including the 180+ acre Fairview Park, nearby bicycle and walking trails, and the campus-town shops and restaurants surrounding Millikin University. Current ownership has completed select capital improvements, with approximately 25 of the 35 units cosmetically updated, demonstrating measurable rental increases and improved operating performance. Majority of units are two bedrooms. With additional units remaining to be renovated, the property offers continued value-add potential for investors seeking stable income.

Multi-familyProperty Type

1964Year Built

0.5 acresLot Size

30 spacesParking

Listed by Zane Peterson • Main Place Real Estate

Listing updated: May 11, 2026 at 12:45pm

Redfin checked: 2 minutes ago

•Source:CIBR #6257557

Payment calculator

$13,079 per month

Principal and interest$11,194

Property taxes

$1,299

HOA dues

Home insurance

$586

Utilities

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Nearby open houses (1)

Around this home

Schools

K - 12
Preschool & daycare

Dennis Lab School

Public K-8 • Assigned • 2.9mi

2/10

Macarthur High School

Public 9-12 • Assigned • 1.3mi

2/10

Provided by GreatSchools

About West

End

West End, located between downtown Decatur and Fairview Park, is a residential and historic Decatur neighborhood with tree-lined blocks and early-20th-century architecture. The neighborhood’s character concentrates around the Merchant Street corridor near Millikin University, where coffee counters, casual eateries, and campus foot traffic set a steady daytime rhythm. Staley Field and the Kirkland Fine Arts Center act as cultural anchors, pairing collegiate sports with performing-arts nights. Housing leans toward classic Midwestern forms—bungalows, brick two-stories, and porch-front homes—set on walkable streets. Green space and ballfields shape the edges, while the university adds a bookish, arts-forward undertone.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Water heater

Heating & cooling
Central air
Window unit(s)

Sale and tax history for 105,111,117 & 133 Elder Ln

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$16,122 (+3.4%)

$13,868 + $158,885

$172,753

2024

$15,590 (+0.8%)

$13,868 + $158,885

$172,753

2023

$15,461 (+5.2%)

$12,928 + $148,117

$161,045

2022

$14,701 (+6.4%)

$12,470 + $142,874

$155,344

2021

$13,813 (−2.1%)

$11,352 + $130,063

$141,415

2020

$14,106 (+3.6%)

$10,777 + $123,470

$134,247

2019

$13,613 (+46.6%)

$10,379 + $118,916

$129,295

2018

$9,283 (−2.3%)

$10,276 + $117,739

$128,015

2017

$9,502 (−1.9%)

$4,350 + $84,003

$88,353

2016

$9,683 (+5.2%)

$4,512 + $87,125

$91,637

2015

$9,200 (+7.7%)

$4,432 + $85,584

$90,016

2014

$8,544 (−1.7%)

$4,388 + $84,737

$89,125

2013

$8,693

$4,553 + $87,920

$92,473

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.5 Acres

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Macon County

APN

04-12-17-254-010

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 14, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 105° expected this year, 19 days in 30 years

2/10 Wind Factor

2% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Decatur, IL • 62522

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

88/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 105,111,117 & 133 Elder Ln

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Details provided by CIBR and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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