1730 Water Street, Decatur, IL 62526
Local realty services provided by:Better Homes and Gardens Real Estate Service First
1730 Water Street,Decatur, IL 62526
$675,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:
Cole Babcock(217) 433 - 0839Better Homes and Gardens Real Estate Service First
MLS#:6250739
Source:IL_CIBOR
Price summary
- Price:$675,000
About this home
INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE - 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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Home facts
- Year built:1979
- Listing Id #:6250739
- Added:171 day(s) ago
- Updated:August 13, 2025 at 04:44 PM
Heating and cooling
- Cooling:Window Units
- Heating:Electric, Hot Water
Structure and exterior
- Year built:1979
- Lot area:0.29 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Tax amount:$8,430 (2023)
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