This building has been a solid income producer for the owner. The units have been upgraded in the last 3-4 years. Landlord pays all utilities. Expense breakdown available to qualified prospects upon request. Building is 100% occupied. Possession is subject to tenants' rights. Selling as-is.
Decatur Historic District, located between Millikin University and downtown Decatur, is a historic and walkable Decatur neighborhood with tree-lined streets and landmark architecture. The neighborhood’s character concentrates around the Transfer House at E William Street and N Main Street, where courthouse-era streetscapes meet a steady rhythm of local storefronts and civic spaces. The Lincoln Square Theatre anchors the cultural calendar, while the Decatur Area Arts Council adds gallery energy nearby. Brick and stone homes, deep porches, and mature canopy trees set a measured, residential pace. Pocket parks and the lakefront greenway at Nelson Park shape everyday routes. Cafes and small restaurants along Merchant Street and Main Street keep the district connected to downtown.
Provided by Walk Score and Local Logic
Market insights
281 W Prairie Ave · $162,000
DAYS ON MARKET
257 days
The average home goes pending in 14 days.
SALE-TO-LIST
80.5%
Most homes are selling 19% below list price.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Gas water heater
Full basement
Kitchen
Range
Refrigerator
Heating & cooling
No cooling system listed
Exterior features
Shingle roof
Home design
Residential income property (quadruplex)
Two levels
Construction
Total of 2 stories
Utilities
Public water
Public sewer
Financial info
Annual tax listed
Electricity and solar
View estimated energy costs and solar savings for this home
This district is designed to permit and encourage the compatible development of professional, office, and institutional uses in areas which are suitable for such activities.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Laundromat
Hospital / medical center
Housing-Senior
Office
Medical office
Library
Museum / gallery
Park & open space
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, 20 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)
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25
61
39
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48
74
55
83
66
88
72
84
66
83
59
72
49
54
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 281 W Prairie Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $52,500 and $216,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $53K to $216K.