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USAILDecaturJ R Gorins Add612 W Macon St
612 W Macon St, Home with 0 bedrooms, 0 bathrooms and null parking in Decatur IL | Image 1
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$840,000

612 W Macon St, Decatur, IL

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $8,016
Days Active 2
Lot Size 
Approx. Age 1976
MLS® Number 6252609

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Located in the heart of Decatur, 612 W Macon Street presents a fully renovated 17-unit multifamily asset offering strong current returns and value-add upside. The property features a diverse mix of one-bedroom, one-bathroom units, with one two-bedroom, one-bath unit, catering to a wide range of tenants—from young professionals to small families. Each unit has been upgraded over the past year with new windows, modern bathrooms, updated flooring, and refreshed interiors throughout .Listed at an 8% cap rate with two current vacancies, the pro forma performance projects a 12%+ cap rate once stabilized. Both vacant units are expected to be leased prior to closing. With strong rental demand, desirable amenities, and recent capital improvements, this property is ideal for investors seeking steady cash flow, long-term appreciation, and continued upside in one of Decatur’s most connected neighborhoods.Show Description
MLS® Number6252609
Laundry Level
Central VacNo
FireplaceNo
Acreage0.45
Exterior
GarageNo
Approx. Age1976
Basement
Driveway
Garage Spaces
Heat
A/COther
Heating Fuel

Extras

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