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USAILDecaturSouthwestern Add314 W Decatur St
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314 W Decatur St, Decatur, IL

House

For Sale

Listed price in listed location currency (USD).
$325,900

654

MLS® 6256282

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type 
Levels Residential
Size 4514 sqft
Garage Yes
Taxes $4,252
Days Active 167
Lot Size 
Approx. Age 1875
Avg. Price Per Sqft $72
MLS® Number 6256282

Property Address: 314 W Decatur St, Decatur, IL, 62522-3319

Average square foot calculated using Size range provided by listing agent.

Description

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!!!
MLS® Number6256282
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1875
BasementUnfinished, Walk Up Access, Full
DrivewayDetached, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Kitchen:Upper LevelNot available
Family Room:Main FloorNot available
Other:Main FloorNot available
Bathroom 5:Main FloorNot available
Bathroom 3:Upper LevelNot available
Den:Upper LevelNot available
Bathroom 1:Upper LevelNot available
Other:Main FloorNot available
Living Room:Upper LevelNot available
Bedroom 1:Upper LevelNot available
Dining Room:Main FloorNot available
Bathroom 2:Upper LevelNot available
Bathroom 4:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 3, 2025List Date
$325,900List Price
  • Commute

Commute

Starting Address
Destination Address
314 W Decatur St, Decatur, IL

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