Login

949 W Decatur Street, Decatur, IL 62522

Decatur
Local realty services provided by:CENTURY 21 KIMA Properties
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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1910
  • Subdivision & Development:Packards Add
  • Listing ID #:6260726
  • Added:47 day(s) ago
  • Updated:October 31, 2026 at 08:36 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

New listings near 949 W Decatur Street