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552 S Church St
Decatur, IL 62522
Decatur Flats · Multifamily Property For Sale · 110 Units
PROPERTY FACTS
| No. Units | 110 | Building Size | 92,750 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1968/2016 |
| Building Class | B | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 4.30 AC |
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.30 AC |
| Building Size | 92,750 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2016 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Picnic Area
About 552 S Church St , Decatur, IL 62522
Marcus & Millichap is pleased to present the Huntley Ridge Downtown Apartments in Decatur, Illinois. Huntley Ridge is a one hundred and ten unit apartment complex which is currently 97.7 % occupied. The property was built in 1968 in Macon County. Starting in 2016 the one hundred and ten unit property underwent significant renovations. Renovations include all new roofs, updated landscaping, repaired sidewalks, windows, and upgraded kitchens and baths in eighty three of one hundred and ten units. Huntley Ridge Downtown Apartments sits just south of the heart of downtown Decatur, IL, an area that has received much public attention recently due to the recent revitalization of the downtown area from both local investors and state funded grants. Huntley Ridge Downtown Apartments is conveniently located near many of Decatur’s largest employers, services, and entertainment. With renovations complete Huntley Ridge Downtown Apartments is primed for a value add investor to implement their strategy to increase revenue and reduce expenses through operational and light physical value add opportunities.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | 520 |
| 2+1 | 70 | - | 870 |
| 3+2 | 19 | - | 1,120 - 1,365 |
PROPERTY TAXES
| Parcel Number | 04-12-15-430-001 | Improvements Assessment | $1,660,840 |
| Land Assessment | $249,194 | Total Assessment | $1,910,034 |
PROPERTY TAXES
zoning
| Zoning Code | M1-1 |
| M1-1 |
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