USAILDecaturJ T Briggs Sub330 W Garfield Ave
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330 W Garfield Ave, Decatur, IL

House

For Sale

Listed price in listed location currency (USD).
$45,000

210

MLS® 6256575

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 676 sqft
Garage No
Taxes $415
Days Active 0
Lot Size 0.05 acres
Approx. Age 1925
Avg. Price Per Sqft $66
MLS® Number 6256575

Property Address: 330 W Garfield Ave, Decatur, IL, 62526-4140

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

Description

Investor-friendly 2-bed ranch with proven rental history and strong cash-flow metrics. Previously rented for $625/month, this property presents an excellent opportunity for buyers seeking immediate income and favorable cash-on-cash returns. Recent capital improvements include replacement windows, a new roof in 2021, and a new electrical panel in 2025, helping reduce near-term maintenance risk. The home also features an unfinished basement. At a $45, 000 purchase price, the numbers are compelling: Estimated monthly P&I: ~$269 (20% down, 6.5% interest, 20-year amortization), Estimated monthly cash flow: ~$356, Estimated annual cash flow: ~$4, 275, Estimated cash-on-cash return: ~47% (based on ~$9, 000 down payment), Estimated annual ROI: ~47% (excluding appreciation and tax benefits). HVAC and water heater ages are unknown, allowing investors to underwrite conservatively while still benefiting from recent major updates. Affordable entry point, strong yield, and proven rent history make this a solid buy-and-hold or portfolio-add opportunity. Financial figures are estimates and provided for illustration purposes only; buyers to verify rents, expenses, and financing terms.
MLS® Number6256575
Laundry Level
Central VacNo
FireplaceNo
Acreage0.05
Exterior
GarageNo
Approx. Age1925
BasementUnfinished, Full
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 30, 2025List Date
$45,000List Price

Home Appraisal

This property is estimated to sell between: $45,000 and $50,000.
Similar properties in this area sold on average for: $48,000
Expected to sell in 96 days. Similar properties sold in 96 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
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330 W Garfield Ave, Decatur, IL

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