Emily Floyd - Coldwell Banker Classic Real Estate Logo
$120,000
 $644 est/mo Sourced by Back At You

949 W Decatur Street,Decatur, IL 62522

Decatur, IL 62522

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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.

Details

MLS #6260726
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1910
Days On Site23
Listing Provided ByBrinkoetter REALTORS® | Tony Piraino

Features

Bed(s)5
Bath(s) 2 Total
SQ Feet2,116
BasementY
Story(s)3
ZoningRES
Acreage0.22

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount1425

Area Information

StateIL
CountyMacon
CityDecatur
Zip Code62522
Community NamePackards Add
Listing VS Median (in Packards Add)
Price:
$120,000
low | high
Med:
$120,000
50% of Average
sqft:
2,116
low | high
Med:
2,116
50% of Average
$ / sqft:
$57
low | high
Med:
$57
50% of Average
On site:
23
low | high
Med:
23
100% of Average
Sourced by Back At You

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Learn More About This Property

Emily Floyd

Emily Floyd

Coldwell Banker Classic Real Estate

471.019199 (217) 549-1640emily@cbclassic.net
StateIL
CountyMacon
CityDecatur
Zip Code62522
Community NamePackards Add
Listing VS Median (in Packards Add)
Price:
$120,000
low | high
Med:
$120,000
50% of Average
sqft:
2,116
low | high
Med:
2,116
50% of Average
$ / sqft:
$57
low | high
Med:
$57
50% of Average
On site:
23
low | high
Med:
23
100% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 5:34:58 PM PDT

Emily Floyd - Coldwell Banker Classic Real Estate