14 Unit Multifamily Investment - 13% Cap - Fully Renovated & Occupied

1730 N Water St, Decatur, IL 62526

  • For Sale $775,000
  • Property Type Multi-Family
  • Property Size 10,000 SF
  • Units 14
  • Lot Size 0.27 Acre
  • Parking Spaces Avail. 15
  • Property Tenancy Multi-Tenant
  • Date Updated Mar 10, 2025
The multifamily property at 1730 N Water Street, Decatur, IL, is strategically located in a vibrant area with significant traffic exposure and a diverse demographic profile. Situated along North Water Street (U.S. Route 51), the property benefits from substantial daily traffic. According to the Illinois Department of Transportation, the area experiences an average daily traffic count exceeding 12,000 vehicles, ensuring high visibility for potential tenants and businesses. Within a 1-mile radius, the population is approximately 10,000 residents, featuring a median household income of $40,000. Expanding to a 3-mile radius, the population increases to around 35,000, with a median household income of $45,000. Within a 5-mile radius, the area encompasses about 60,000 residents, with a median household income of $50,000. The demographic composition is diverse, with a mix of age groups and a balanced representation of various ethnic backgrounds. This prime location offers excellent exposure due to high traffic volumes and access to a broad and varied tenant base, making it an attractive investment opportunity.Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!
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Contacts

broker

Vieweg Real Estate

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable
  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Decatur, IL
  • Neighborhood Martin Luther King
  • Zip Code 62526

Points of Interest

  • Kroger

    1.19 miles

  • Marathon;Circle K

    1.28 miles

  • Mobil

    1.40 miles

  • County Market Express

    1.50 miles

  • Huck's Food & Fuel

    1.89 miles

  • Circle K

    2.65 miles

  • Corner Gas Station

    2.70 miles

  • Casey's General Store

    2.93 miles

  • Shell

    3.97 miles

  • Lot M1

    1.36 miles

  • Lot M2

    1.46 miles

  • Lot M4

    1.47 miles

  • Lot M3

    1.47 miles

  • Lot M7

    1.65 miles

  • Lot M5

    1.70 miles

  • Lot M8

    1.72 miles

  • Lot M11

    1.78 miles

  • Lot M9

    1.78 miles

  • Lot M10

    1.80 miles

  • INTOWN MOTEL

    1.15 miles

  • Decatur Inn

    1.24 miles

  • Soy City Motel

    1.48 miles

  • Sandy's Motel

    1.59 miles

  • Lakeview Motel

    3.25 miles

  • Baymont Decatur

    3.46 miles

  • Holiday Inn Express

    3.57 miles

  • Country Inn & Suites

    3.57 miles

  • Ramada Limited

    3.65 miles

  • Hampton

    3.82 miles

  • Culver's

    1.13 miles

  • McDonald's

    1.18 miles

  • Wendy's

    1.19 miles

  • Taco Bell

    1.19 miles

  • Dunkin'

    1.19 miles

  • Popeyes

    1.20 miles

  • Bob Evans

    1.23 miles

  • Papa John's

    1.24 miles

  • DQ Grill & Chill

    1.30 miles

  • Pizza Hut

    1.32 miles

  • William Harris Elementary School

    0.35 miles

  • Saint Thomas School

    0.47 miles

  • Durfee Elementary School

    0.79 miles

  • Saint Johns School

    0.84 miles

  • Saint Teresa High School

    0.87 miles

  • Saint Patricks School

    1.05 miles

  • Coppenbarger Elementary School

    1.05 miles

  • Centennial Junior High School

    1.06 miles

  • Saint Pauls School

    1.37 miles

  • MacArthur High School

    1.43 miles

  • Baby Talk

    2.28 miles

  • Decatur Daycare

    2.57 miles

  • Kids-N-Fitness

    2.59 miles

Frequently Asked Questions

How much does 14 Unit Multifamily Investment - 13% Cap - Fully Renovated & Occupied cost?

The space currently listed for sale at 14 Unit Multifamily Investment - 13% Cap - Fully Renovated & Occupied asks for $775,000.

What is the total square footage of 14 Unit Multifamily Investment - 13% Cap - Fully Renovated & Occupied?

14 Unit Multifamily Investment - 13% Cap - Fully Renovated & Occupied totals 10,000 square feet.

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broker

Vieweg Real Estate

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