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731 W Main St, Decatur, IL 62522
About this home
Nice Victorian property converted to a five-unit apartment building in the West end, not far from the Millikin Homestead and University. Various cosmetic updates have been completed. Large parking lot in the rear with alley access. Also conveniently located near Downtown Decatur with dining, entertainment, and unique shopping venues. A Gross Potential Income of $36,000 with approximate Expenses of $9,600 annually allows for significate income potential.
Redfin Estimate
Market trends in 62522, IL
Last updated July 2026
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Sale history for 731 W Main St
Nice Victorian property converted to five-unit apartment building in the west end, not far from the Millikin Homestead and university. Roof and furnace are newer and each apartment has been remodeled. Large parking lot in rear with alley access.
Tax history for 731 W Main St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R6
WEST MAIN OVERLAY DISTRICT
Multiple Dwelling District
This district is designed to permit multi-family residential development.Include but are not limited to:
- Community / recreation center
- Religious facility
- Day care facility
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
- Housing-Student
- Educational/school
- Library
- Museum / gallery
Property details
Interior
- Heating & Cooling
- Has Cooling
- Cooling: Other
- Interior Features
- Appliances: Gas Water Heater
Exterior
- Exterior Features
- Roof: Other
- Building Information
- Sq. Ft.: 0
- Levels: Two
- # of Stories Total: 2
- Construction Materials: Vinyl Siding
- Property Information
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Raw Mls Property Sub Type: Multi Family
- Lot Information
- Lot Size : 0.19
- Lot Size Area: 0.19
- Lot Size Units: Acres
- Lot Size Acres: 0.19
- Zoning: RES
Financial
- Tax Information
- Tax Annual Amount: $2,471
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
- Directions: South Monroe St, West on West Main St, multi-family unit on (L) side of street
- Subdivision Name: Prather & Adamsons Add
Public facts
- Beds: —
- Baths: 2.5
- Sq. Ft.: 1,302
- Stories: 2.0
- Lot Size: 8,153 square feet
- Style: Other
- Year Built: 1895
- Year Renovated: —
- County: Macon County
- APN: 04-12-15-181-004
Other
- Listing Information
- List AOR: CentralIllinoisBoardOfRealtors
Around this home
Schools Places Transit
Public K-8 • Assigned • 1.8mi
Public 9-12 • Assigned • 1.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 106° expected this year, 19 days in 30 years
1% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
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Nearby similar homes
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Home values near 731 W Main St
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1647 Sq. Ft. | $69,621 |
- Beds | 2.5 Baths | 1619 Sq. Ft. | $67,996 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 3 Baths | 2314 Sq. Ft. | $69,209 |
4 Beds | 4 Baths | 2520 Sq. Ft. | $118,452 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2168 Sq. Ft. | $99,266 |
- Beds | 2.5 Baths | 1743 Sq. Ft. | $85,693 |
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