Map of Property

W Macon St. - 14 Unit Multifamily - 7.7% CAP

For Sale

612 W Macon St, Decatur, IL 62522

This Decatur property for sale is located at 612 W Macon St. The current listed sale price for W Macon St. - 14 Unit Multifamily - 7.7% CAP is $840,000. W Macon St. - 14 Unit Multifamily - 7.7% CAP is situated on a lot that is 0.44 acre in size.

Contacts

broker
Cole Babcock

Vieweg Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 11,000 SF
  • Units 17
  • Lot Size 0.44 Acre
  • Parking Spaces Avail. 14
  • Property Tenancy Multi-Tenant
  • Date Updated Jul 1, 2025
612 W Macon Street is a well-located multifamily property situated just west of downtown Decatur, offering convenient access to city amenities, public transportation, and major employment centers. Nestled in a walkable residential neighborhood, the property benefits from its proximity to Central Park, the Decatur Civic Center, and a variety of dining, retail, and service options. Its central location provides strong rental appeal and long-term investment potential in a stable, in-demand area of the city.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. Tenants enjoy on-site laundry, off-street parking, and a landscaped courtyard, all within walking distance to downtown shopping, restaurants, schools, parks, and public transportation. The building is well-positioned near major roadways, offering easy commutes and accessibility. 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.
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Highlights

  • 11,000 SF building
  • 17 units
  • 76% occupancy
  • Located in Decatur area
  • Zoned R6

Getting around

  • 75/100

    Walk Score ®

  • 61/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Decatur, IL
  • Neighborhood Near West Decatur
  • Zip Code 62522

Points of Interest

  • Mobil

    0.61 miles

  • Corner Gas Station

    1.20 miles

  • Circle K

    1.29 miles

  • Casey's General Store

    1.45 miles

  • Huck's Food & Fuel

    2.04 miles

  • Marathon;Circle K

    2.32 miles

  • Kroger

    2.66 miles

  • County Market Express

    2.98 miles

  • Shell

    3.50 miles

  • Lot M5

    0.42 miles

  • Lot M3

    0.47 miles

  • Lot M2

    0.47 miles

  • Lot M1

    0.49 miles

  • Lot M4

    0.50 miles

  • Lot M10

    0.60 miles

  • Lot M8

    0.66 miles

  • Lot M9

    0.67 miles

  • Lot M7

    0.72 miles

  • Lot M11

    0.76 miles

  • INTOWN MOTEL

    1.19 miles

  • Soy City Motel

    1.74 miles

  • Decatur Inn

    2.69 miles

  • Sandy's Motel

    3.04 miles

  • Lakeview Motel

    3.12 miles

  • Americas Best Value Inn

    3.52 miles

  • Hampton Inn Decatur Mt. Zion

    4.80 miles

  • Baymont Decatur

    4.92 miles

  • Hawthorn Suites

    4.95 miles

  • Country Inn & Suites

    5.02 miles

  • Kroger

    1.29 miles

  • Save-A-Lot

    2.14 miles

  • County Market

    3.05 miles

  • Target

    3.51 miles

  • Walmart Supercenter

    4.22 miles

  • ALDI

    4.77 miles

  • Kohl's

    5.34 miles

  • Hickory Point Mall

    5.42 miles

  • Von Maur

    5.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cole Babcock

Vieweg Real Estate

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