949 W Decatur Street | Image 1
949 W Decatur Street | Image 2
949 W Decatur Street | Image 3
949 W Decatur Street | Image 4
949 W Decatur Street | Image 5
949 W Decatur Street | Image 6
949 W Decatur Street | Image 7

$120,000

For Sale

25 days ago

949 W Decatur Street, Decatur, IL

House

MLS® 6260726

5 Bed

2 Bath

2116 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2116 sqft
Garage 
Taxes $1,425
Days Active 25
Lot Size 0.22 Acres
Approx. Age 1910
Avg. Price Per Sqft $56
MLS® Number 6260726

Property Address: 949 W Decatur Street, Decatur, IL, 62522

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

Description

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 the adjacent vacant lot to the west at 959 W Decatur.
MLS® Number6260726
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementUnfinished, Full
Driveway
Garage Spaces
HeatForced Air, Gas
A/CWindow Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 14, 2026List Date
$120,000List Price

Home Appraisal

This property is estimated to sell between: $38,000 and $161,000.
Similar properties in this area sold on average for: $38,375
Expected to sell in 126 days. Similar properties sold in 151 days. This home has been on eXp Realty for 25 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.

  • Commute

Commute

Starting Address
Destination Address
949 W Decatur Street, Decatur, IL

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