949 W Decatur Street, Decatur, IL 62522

Decatur
Local realty services provided by:Better Homes and Gardens Real Estate Service First
949 W Decatur Street,Decatur, IL 62522
$110,000
  • 5 Beds
  • 2 Baths
  • 2,116 sq. ft.
  • Multi-family
  • Active
Listed by: tony piraino
Office: brinkoetter realtors
MLS#:6260726
Source:IL_CIBOR

Price summary

  • Price:$110,000
  • Price per sq. ft.:$51.98

About this home

Investor alert! Fully occupied duplex offering strong in-place income and a strong double-digit potential cap rate at the $120,000 asking price. The first-floor unit features 2 bedrooms and 1 bath and is leased at $890/month through February 2027. The second unit spans the second and third floors, features 3 bedrooms and 1 bath, and is leased at $1,250/month through December 2026. Combined gross rent is $2,140/month or $25,680 annually, providing a 21.4% gross yield and 4.67 gross rent multiplier at list price. Tenants pay their own gas and electric, while the owner pays water, trash and lawn care. Sale also includes the adjacent vacant lot to the west at 959 W Decatur, adding additional value and future possibilities. Conveniently located near Millikin University. A great opportunity to add an occupied, cash-flowing multifamily property to your portfolio. Room sizes, square footage and investment calculations are approximate and should be independently verified. Sale also includes...

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Home facts

  • Year built:1910
  • Subdivision & Development:Packards Add
  • Listing ID #:6260726
  • Added:53 day(s) ago
  • Updated:November 06, 2026 at 04:20 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:9
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:2,116 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1910
  • Building area:2,116 sq. ft.
  • Lot area:0.22 Acres
  • Architectural Style:Duplex
  • Construction Materials:Wood Siding
  • Exterior Features:Front Porch
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$110,000
  • Price per sq. ft.:$51.98
  • Tax amount:$1,425 (2025)

Features and amenities

  • Appliances:Gas Water Heater, Range, Refrigerator

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