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735 W Decatur St, Decatur, IL 62522
About this home
Package under Due Diligence thru August 16. Strong Cash flow. Carefully screened tenants. Nicely Maintained exterior and interior. Ask Price reflects Package price . 58 Units Total between properties. 735 West Decatur has 5 Units requiring renovation to become rent ready. Per Owner: Buyers to provide LOI and POF prior to release of detailed financials or access. Do not disturb Tenants
Redfin Estimate
Market trends in 62522, IL
Last updated July 2026
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Provided by Redfin
Sale history for 735 W Decatur St
28 units including a large unit for on site manager. Well maintained! All units have electric heat and are separately metered. Close to downtown in near west end. Updates include new parking and driveway. new windows, roof, some water heaters. Some units have central a/c, some window units. Most of the units have been updated in some way. There is a laundry room for the tenants' use. Rents are from $300 to $375. Everything is electric. All units are the same. Plenty of off-street parking in large parking lot.
Tax history for 735 W Decatur 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
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: Window Unit(s)
- Has Heating
- Heating: Electric
- Interior Features
- Appliances: Electric Water Heater
Exterior
- Exterior Features
- Roof: Other
- Building Information
- Sq. Ft.: 0
- Levels: Two
- # of Stories Total: 2
- Property Information
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Raw Mls Property Sub Type: Multi Family
- Lot Information
- Lot Size : 0.6
- Lot Size Area: 0.6
- Lot Size Units: Acres
- Lot Size Acres: 0.6
- Zoning: Other
Financial
- Tax Information
- Tax Annual Amount: $10,475
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 on Water. West on Decatur Street
- Subdivision Name: Martin Forstmeyers Sub
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 0.6 acres
- Style: Multi-Family (5+ Unit)
- Year Built: —
- Year Renovated: —
- County: Macon County
- APN: 04-12-15-329-013
Other
- Listing Information
- List AOR: CentralIllinoisBoardOfRealtors
Around this home
Schools Places Transit
Public K-8 • Assigned • 1.5mi
Public 9-12 • Assigned • 1.3mi
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
2% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
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.
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| Address | Redfin Estimate |
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4 Beds | 2 Baths | 1782 Sq. Ft. | $65,468 |
3 Beds | 1.5 Baths | 1232 Sq. Ft. | $120,022 |
| Address | Redfin Estimate |
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- Beds | 1 Baths | 1100 Sq. Ft. | $52,927 |
3 Beds | 1 Baths | 1672 Sq. Ft. | $32,202 |
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