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615 W Prairie Ave
Decatur, IL 62522
Multifamily Property For Sale · 6 Units
PROPERTY FACTS
About 615 W Prairie Ave , Decatur, IL 62522
Currently fully leased with additional income from laundry, this 3 story brick apartment consist of all 2 bedroom 1 bath apartments that currently rent for $530-$580 apiece. Situated on a 42.5'x150' lot with off street paved parking for 6 cars, these large apartments consist of approximately 970 square feet apiece, have gas forced air heating, central air and are separately metered. There is a full basement with storage and coin operated laundry facilities. Each unit has 60 amp electrical service, and there is a 60 amp house meter for common area lighting and basement services as well as a 3 phase 400 amp service for the building. The roof is of flat membrane construction and is about 14 years old. It was partially resurfaced on 8/17/2019. The building is located about 3 blocks west of downtown Decatur and Milikin University in the Near West Historic District, a neighborhood of mixed single family residential and apartments. The apartments are zoned R-3 and is outside the flood hazard area. The units rent for between $530-$580 per month. Owner is responsible for water, trash service and common electricity.
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 6 | $555.00 | 970 |
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PROPERTY TAXES
Parcel Number | 04-12-15-179-018 | Improvements Assessment | $40,168 |
Land Assessment | $5,208 | Total Assessment | $45,376 |
PROPERTY TAXES
zoning
Zoning Code | R-3 |
R-3 |
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Listing ID: 17243945
Date on Market: 9/19/2019
Last Updated:
Address: 615 W Prairie Ave, Decatur, IL 62522
The Multifamily Property at 615 W Prairie Ave, Decatur, IL 62522 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.