Macon County · Decatur
Sell Your Commercial Property In Decatur, IL
Own a commercial apartment building of five or more units in Decatur? We purchase multifamily properties around Mount Zion, Forsyth, and the rest of Macon County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Decatur Submarkets: Mount Zion · Forsyth · Long Creek · Harristown — Macon County, IL
Market Snapshot
Renter Demand In Decatur
Decatur, in Macon County, has 69,815 residents, per Census ACS 2020-2024. Renters hold 37.1% of Decatur households, and median gross rent is $845 a month (ACS tenure). ADM's North American headquarters, Caterpillar's Decatur plant and Millikin University are all based in Decatur. Owners who want to sell commercial property in Decatur, IL can use these figures to frame price, taxes and expenses. Skyline Capital Investments buys 5+ unit buildings in Decatur and nearby Mount Zion, Forsyth, Long Creek and Harristown.
ADM North American headquarters
More than 4,000 ADM colleagues work in Decatur, home of ADM's North American headquarters and its largest location.Caterpillar Decatur facility
Caterpillar's Decatur facility employs over 2,000 people building large wheel loaders, mining trucks and motor graders.Millikin University
Millikin University in Decatur welcomed 545 new undergraduates in fall 2025, up 17% from fall 2024.Our Buy Box
What We Buy In Decatur
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Decatur Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Decatur
Renters occupy 11,470 of the 30,920 occupied homes in Decatur, a 37.1% share, per ACS 2020-2024 tenure data. That share runs above Macon County at 29.8% and Illinois at 32.9%.
Some 6,058 Decatur homes, or 16.8% of the housing stock, sit in buildings of five or more units (ACS units in structure). About 79.4% of Decatur housing was built before 1980, with a median year built of 1960 (ACS year built).
Decatur rents and HUD fair market rents
Median gross rent in Decatur is $845 a month, 66.3% of the $1,274 Illinois median, per ACS 2020-2024. The HUD FY2027 two-bedroom fair market rent for the Decatur, IL MSA is $1,091.
About 36.2% of Decatur renters pay 30% or more of income on rent (ACS rent burden). Owners who plan to sell commercial real estate in Decatur, IL can point buyers to the spread between local rents and HUD benchmarks.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $851 |
| One bedroom | $857 |
| Two bedrooms | $1,091 |
| Three bedrooms | $1,407 |
| Four bedrooms | $1,724 |
Property taxes in Macon County: a $2M example
A $2,000,000 Decatur apartment building owes about $62,216 a year at the 2025 rate for tax code 04055. Illinois assesses most property at 33 1/3 percent of market value (Illinois Department of Revenue), or $666,667 here.
Tax code 04055 carries a total rate of 9.33238 per $100 of assessed value (Macon County 2025 tax codes catalog). Decatur Public Schools levies 4.61125, the City of Decatur 1.38467, the Decatur Park District 1.12859 and Macon County 0.82293.
Decatur Public Schools alone takes about $30,742 of that bill, a cost buyers weigh when you sell commercial property in Decatur, IL.
Landlord rules in Decatur
Illinois does not have a rent control law, according to the Illinois Attorney General. In buildings of five or more units, deposits are due back within 45 days of move-out.
A nonpayment notice gives tenants five days to pay, and a lease violation requires a 10-day notice. Decatur enforces the 2021 International Property Maintenance Code through City Code Chapter 70.
What it means for a Decatur owner
Rental vacancy in Decatur was 11.9% in ACS 2020-2024, with a 2.1-point margin of error (ACS DP04). Test your numbers with our cap rate calculator before you sell commercial property in Decatur, IL.
Skyline Capital Investments buys 5+ unit apartment buildings in Decatur, Mount Zion and Forsyth, so you can sell your apartment building in Decatur without a listing.
Local Knowledge
Decatur Seller Checklist
More about selling in Illinois →Investing in Decatur? See apartment syndications in Decatur →
- Decatur tax code 04055 covered $543,472,556 of taxable value in Macon County's 2025 catalog.
- Decatur holds 2,124 homes in buildings of 50 or more units, per ACS 2020-2024.
- Owners ready to sell commercial real estate in Decatur, IL should gather rent rolls, leases and tax bills.
Seller Guides
Your Situation, Handled — Decatur
Learn More
Taxes & Rules For Decatur Property
The Illinois rules that shape any deal in Decatur: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Decatur Seller FAQ
What should I know before I sell commercial property in Decatur, IL?
Decatur has 6,058 homes in buildings of five or more units, 16.8% of its housing. Median gross rent was $845 in ACS 2020-2024. A $2,000,000 Decatur building in tax code 04055 owes about $62,216 a year in property tax at 2025 rates.
What records do buyers want when I sell commercial real estate in Decatur, IL?
Buyers review rent rolls, leases, tax bills and security deposit records. Illinois requires deposit returns within 45 days in buildings of five or more units. Buildings of 25 or more units must pay interest on deposits held at least six months.
How are apartment buildings taxed in Decatur?
Illinois assesses most property at 33 1/3 percent of market value. Decatur tax code 04055 carried a 2025 total rate of 9.33238 per $100 of assessed value. That equals about 3.11% of market value for owners selling commercial property in Decatur.
Can a Decatur landlord raise rent without a cap?
Yes. The Illinois Attorney General says Illinois has no rent control law. A month-to-month tenant must get 30 days of notice before an increase. A tenant on a fixed-term lease cannot face a rent increase until that lease ends.
What do renters pay in Decatur?
Median gross rent in Decatur is $845 a month in ACS 2020-2024, against $1,274 statewide. HUD's FY2027 two-bedroom fair market rent for the Decatur, IL MSA is $1,091. Those benchmarks help frame pricing when you sell multifamily property in Decatur.
Do I need to fix up my Decatur building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Decatur brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Decatur, and we keep every conversation confidential.
Is it possible to sell rental property in Decatur without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Decatur?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Decatur
Share the basics below and we will follow up directly. Agents and brokers representing Decatur sellers are welcome.
