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612 W Macon Street, 
Decatur, IL 62522

$840,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Cole Babcock

Vieweg Re/Better Homes & Gardens Real Estate-Service First

217-450-8500

Last updated:

June 27, 2025, 03:49 PM

MLS#

6252609

Source:

IL CIBOR

About This Home

612 W Macon Street

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.

Home Facts

Multi-Family

Built in 1976

Price Summary

840,000

MLS #:

6252609

Last Updated:

June 27, 2025, 03:49 PM

Added:

12 day(s) ago


Structure

Structure

Year Built:

1976


Lot

Lot Size (Sq. Ft):

19,440


Finances & Disclosures

Finances

Price:

$840,000

Source:IL CIBOR
The information being provided by Central Illinois Board of Realtors MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Central Illinois Board of Realtors MLS All rights reserved.

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