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

Decatur
Local realty services provided by:Better Homes and Gardens Real Estate Service First
105,111,117 & 133 Elder Lane,Decatur, IL 62522
$2,130,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: zane peterson
Office: main place real estate
MLS#:6257557
Source:IL_CIBOR

Price summary

  • Price:$2,130,000

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.

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Home facts

  • Year built:1964
  • Subdivision & Development:West View Add 04
  • Listing ID #:6257557
  • Added:148 day(s) ago
  • Updated:August 13, 2026 at 03:07 PM

Heating and cooling

  • Cooling:Central Air, Window Units
  • Central air:Yes

Structure and exterior

  • Year built:1964
  • Lot area:0.5 Acres
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,130,000
  • Tax amount:$15,590 (2024)

Features and amenities

  • Appliances:Water Heater

Parking

  • Carport spaces:30

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