Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.
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Market trends in 62523, IL
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
Homes Sold Above List Price
0.0%
Median sale price
$10,500
Avg. days on market
9d
Recently sold homes
1
Provided by Redfin
Sale history for 135 E Prairie Ave Unit 1-4
Date
Event
Price
CIBR #6245377
Dec 12, 2025
Sold
$450,000
Oct 28, 2025
Pending
—
Oct 7, 2025
Contingent
—
Sep 17, 2025
Relisted
—
Apr 3, 2025
Relisted
—
Apr 3, 2025
Price Changed
$565,000
Feb 6, 2025
Price Changed
$570,000
Aug 16, 2024
Listed
$599,000
CIBR #6222094
Nov 21, 2022
Sold
$435,000
Jul 20, 2022
Listed
$450,000
+18
Downtown living is in high demand, making it a great investment opportunity to own all 4 residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Utilities split and the owner is responsible for insurance, trash, and common area maintenance. Currently priced at 8.5% CAP Rate. Future opportunities to convert to short term/corporate rentals and increase profitability exist in the market. It took the owner approximately a decade to assemble all four units. Contact broker for all inquiries.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Macon County
APN
04-12-15-282-033
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 23, 2025.
B4
Central Business District
The purpose of this district is to address the broad variety of land use needs that are unique to Downtown Decatur.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Hospital / medical center
Housing-Multiple units
Hotel / motel
Office
Medical office
Public service
Theater / performing arts facility
Property details
Interior
Heating & Cooling
Has Cooling
Cooling: Central Air
Interior Features
Appliances: Water Heater
Exterior
Exterior Features
Roof: Other
Building Information
Sq. Ft.: 0
Levels: One
# of Stories Total: 1
Property Information
Property Type: Residential Income
Property Sub Type: Quadruplex
Raw Mls Property Sub Type: Quadruplex
Lot Information
Lot Size : 0.06
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06
Zoning: MUN
Financial
Tax Information
Tax Annual Amount: $2,297
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School District: Decatur Dist 61
Middle Or Junior School District: Decatur Dist 61
High School District: Decatur Dist 61
Location Information
Subdivision Name: Lease
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Macon County
APN: 04-12-15-282-033
Home facts updated by county records on Nov 23, 2025
Other
Listing Information
List AOR: CentralIllinoisBoardOfRealtors
Around this home
Schools
Dennis Lab School
Public K-8 • Assigned • 1.8mi
2/10
Eisenhower High School
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
4/10 Heat Factor
7 days above 106° expected this year, 19 days in 30 years
2/10 Wind Factor
1% 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 • 62523
Average low and high temperatures (°F)
32
17
43
25
61
39
68
48
74
55
83
66
88
72
84
65
83
59
72
49
54
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.9 hours in December, which is comparable to the
U.S. average for solar exposure.
10.2 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$432,000 – $523,000
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