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Size: 0.45 Acres

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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 neighbo...

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Better Homes and Gardens Real Estate Service First

Decatur, IL

(217) 433-0839

Cole Babcock

Better Homes and Gardens Real Estate Service First
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Is this your property? Sell it faster with premium placement and targeted ads.

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Better Homes and Gardens Real Estate Service First, (217) 433-0839
Source: Better Homes & Gardens Real Estate, MLS# 6252609
Listing last updated: October 12, 2025 at 8:03 AM
Listing last checked: December 1, 2025 at 9:31 AM
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