552 S Church St | Decatur, IL 62522
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- LoopNet Team
552 S Church St
Decatur, IL 62522
Decatur Flats · Multifamily Property For Sale · 110 Units
Investment Highlights
- Excellent Value Add Opportunity with Economies of Scale In High Barrier-To-Entry Rental Market
- Solid Brick Construction | All Roofs Replaced in 2014
- Well-Located Rental Community for Local Workforce Housing Renters
- Primed for Multiple Value-Add Strategies: Takeover: Increase Occupancy & Rents to Eliminate Loss-to-Lease
- Attractive Agency Financing Available
- Nestled in the Heart of Decatur | Located Only Four Blocks South of Recently Revitalized Downtown Decatur
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 | 1968 |
| 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 | 1968 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 520 |
| 2+1 | 69 | - | 870 |
| 3+2 | 19 | - | 1,120 |
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
Parcel Number
04-12-15-430-001
Land Assessment
$249,194
Improvements Assessment
$1,660,840
Total Assessment
$1,910,034
zoning
| Zoning Code | M1-1 |
| M1-1 |
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