314 W Decatur Street, Decatur, IL 62522
Local realty services provided by:CENTURY 21 Elite
314 W Decatur Street,Decatur, IL 62522
$325,900
- 6 Beds
- 5 Baths
- 4,514 sq. ft.
- Single family
- Active
Listed by: nicole pinkston
Office: keller williams-trec
MLS#:6256282
Source:IL_CIBOR
Price summary
- Price:$325,900
- Price per sq. ft.:$72.2
About this home
Seize a rare investment opportunity with immediate cash flow (3 of the 4 units occupied - could be 5) and ownership of the historic Ullrich Mansion, once home to John Ullrich, one of Central Illinois' most distinguished figures of the late 1800s and early 1900s. This grand residence, built in 1875, offers over 4,500 square feet of beautifully finished living space. Initially designed in the Italianate style, it was later transformed into a masterpiece, complete with a stately tower and an inviting front porch. Since then, thoughtful renovations to turn this large home into a multi-family property have been completed, featuring a versatile layout: a full-family home on the first floor with three bedrooms, two baths, a living room, a family room, a kitchen, a dining room, and a rec room. The main level could be converted into two separate apartments. Three one-bedroom apartments are located on the second floor. This property is ideal for both personal living and rental income. The unfinished basement once had a full bathroom (plumbing and amenities still in place)and could be renovated into another apartment. Recent updates include modern electrical and plumbing systems, renovated kitchens and bathrooms, an intensively improved basement, and enhanced exterior grounds. The carriage house, now a four-car detached garage reserved for tenants, also offers ample upper-level storage. The property, nestled on a spacious half-acre lot, offers privacy with its partial fencing and a pavilion-inspired area perfect for lively barbecues and gatherings. With four of the five units currently occupied and a strong history of full occupancy, this is a proven income-generating gem. Schedule a tour today and make this remarkable property a standout in your portfolio!!!...
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Home facts
- Year built:1875
- Listing ID #:6256282
- Added:102 day(s) ago
- Updated:March 15, 2026 at 02:51 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:19
- Kitchen Description:Dishwasher, Disposal, Oven, Range, Refrigerator
- Basement:Yes
- Basement Description:Full, Unfinished, Walk Up Access
- Living area:4,514 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Hot Water
Structure and exterior
- Year built:1875
- Building area:4,514 sq. ft.
- Lot area:0.52 Acres
- Construction Materials:Brick, Plaster, Stone
- Exterior Features:Fence, Front Porch, Workshop
- Levels:2 Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$325,900
- Price per sq. ft.:$72.2
- Tax amount:$4,252 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Attic, Cathedral Ceilings, Security System, Smoke Detectors, Walk In Closets
Parking
- Parking description:4 Car Garage, Detached, Garage
- Garage:Yes
- Garage spaces:4
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