DECATUR, IL 62522

612 W Macon St | 17-Unit Multifamily | Decatur, IL

Well-established 17-unit multifamily property in Decatur, IL, located within walking distance of downtown amenities, shopping, dining, parks, schools, and public transportation.

The property offers a variety of floor plans, (Value Add) on-site laundry, off-street parking, and a landscaped courtyard. Convenient access to major roadways also provides an easy commute throughout the Decatur market.

This is an attractive opportunity for an investor seeking a stabilized multifamily asset with immediate income and additional upside through continued rent optimization and light value-add improvements.

Property Details:

• 17 units

• Approx. 11,000 SF building

• Approx. 19,302 SF lot

• Decatur, IL 62522

• On-site laundry (Value Add Opportunity)

• Off-street parking

• Landscaped courtyard

• Close to downtown Decatur amenities and public transit

Buyer to independently verify unit count, rents, expenses, property condition, occupancy, and financials.

If interested please contact Kyle or Andrew at 678-831-7054

Financial Summary:

- Asking Price: $680,000

- Market / potential gross rent: $15,308/month (17 units: sixteen 1BR at $887/mo + one 2BR at $1,116/mo; market rents at Decatur Housing Authority 2026 payment standards)

- Pro forma NOI: $127,442 (18.7% cap rate at asking price)

- T12 NOI: $31,683

- In-place occupied rent: $6,350/mo

- Occupancy: 11 of 17 units committed (9 occupied + 2 approved applicants)