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Darin Chambliss

soldbydarin@gmail.com +1(217) 304-5998

$ 120,000

Est. payment -/mo

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949 W Decatur ST Decatur, IL 62522

5 Beds

2 Baths

2,116 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,116 sqft

Price per Sqft $56

Subdivision Packards Add

MLS Listing ID 6260726

Style Duplex

Bedrooms 5

Full Baths 2

Abv Grd Liv Area 2,116

Year Built 1910

Annual Tax Amount $1,425

Tax Year 2025

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 60x156

Property Sub-Type Duplex

Property 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.

Location

State IL

County Macon

Community Packards Add

Zoning RES

Rooms

Basement Unfinished, Full

Interior

Interior Features Main Level Primary

Heating Forced Air, Gas

Cooling Window Unit(s)

Fireplaces Number 1

Fireplace Yes

Appliance Gas Water Heater, Range, Refrigerator

Exterior

Roof Type Asphalt,Shingle

Street Surface None

Porch Front Porch

Garage No

Building

Story 3

Foundation Basement

Sewer Public Sewer

Water Public

Architectural Style Duplex

Level or Stories Three Or More

Structure Type Wood Siding

Schools

School District Decatur Dist 61

Others

Tax ID 04-12-15-307-002 & -003

Special Listing Condition None

Listed by Brinkoetter REALTORS®

Darin Chambliss

Agent

+1(217) 304-5998

Darin Chambliss

949 W Decatur ST Decatur, IL 62522

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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949 W Decatur ST