Well-maintained 2-bedroom home with a dry basement, strong mechanics, and extremely low taxes. Affordable monthly payment and flexible financing make this a smart choice for investors or buyers looking for a dependable, budget-friendly property.
Affordable 2-bedroom home with strong fundamentals and low monthly taxes! This property offers a solid structure, dry basement, and flexible financingperfect for homeowners or investors seeking value and cash-flow potential.
Financing Details
Down Payment: $2,000
Monthly Payment: $600
Closing costs: $200
Owner financing available no traditional bank required
Low down payment with very affordable monthly payment
Ideal for first-time buyers or buy-and-hold investors
Simple and flexible approval process
Property Highlights
All mechanicals are in working order
Dry basement with good ceiling height
Foundation in good shape
No broken windows
Property is being sold AS-IS
Well-maintained structure with strong long-term potential
Neighborhood & Location Perks
Minutes from Scovill Zoo, Lake Decatur, and Downtown Decatur
Close to schools, grocery stores, parks, and local dining
Easy access to major roads and public transportation
Established neighborhood with consistent rental demand
Why Invest Here?
Affordable entry into Decatur's real estate market
Extremely low property taxes approximately $40/month (2025)
Strong cash-flow opportunity with minimal upfront work
Ideal for long-term rental, rent-to-own, or first-time ownership
Contact Today for More Info or to Schedule a Showing:
Credit Friendly Homes
House for rent
$600/mo
Fees may apply
1646 E Wood St, Decatur, IL 62521
2beds
1,050sqft
Price may not include required fees and charges. Learn more|
Single family residence
Available now
What's special
- 21 days |
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Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 12:12pm
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total interior livable area: 1,050 sqft
Property
Parking
- Details: Contact manager
Details
- Parcel number: 041213161015
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Location
- Region: Decatur
Financial & listing details
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Listed for rent | $600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/21/2025 | Sold | $12,500-37.5%$12/sqft |
Source: | ||
| 11/18/2025 | Pending sale | $20,000$19/sqft |
Source: | ||
| 11/11/2025 | Listed for sale | $20,000+60%$19/sqft |
Source: | ||
| 6/18/2025 | Sold | $12,500-3.8%$12/sqft |
Source: Public Record Report a problem | ||
| 7/13/2005 | Sold | $13,000$12/sqft |
Source: Public Record Report a problem | ||
Neighborhood: 62521
Nearby schools
GreatSchools rating
- 1/10Muffley Elementary SchoolGrades: K-6Distance: 1.8 mi
- 1/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 3.1 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 0.8 mi
- Illinois
- Macon County
- Decatur
- 62521
- 1646 E Wood St







