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Sold for $625,000 on 08/26/25
  • $625,000

    1730 N Water St, Decatur, IL 62526

    --beds
    0baths
    --sqft
    Multi Family
    Built in 1979
    -- sqft lot
    $638,600 Zestimate®
    $--/sqft
    $-- Estimated rent

    Owner options

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    $4,351/mo

    Est. payment

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    $4,351/mo

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    What's special

    INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE - Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!

    Zillow last checked: 8 hours ago

    Listing updated: August 26, 2025 at 01:31pm

    Listed by:

    Cole Babcock 217-450-8500,

    Vieweg RE/Better Homes & Gardens Real Estate-Service First

    Bought with:

    Amanda Good, 471022248

    Mtz Realty Services

    Source: CIBR,MLS#: 6250739MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Ductless, Electric, Hot Water
    Cooling
    • Ductless, Window Unit(s)
    Appliances
    • Included: Cooktop, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood
    Features
    • Basement: Finished,Full
    Interior area
    • Total structure area: 0
    • Finished area above ground: 0

    Property

    Features
    • Levels: Three Or More
    • Stories: 3
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 041211102005
    • Zoning: Other
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Vinyl Siding
    • Foundation: Basement
    • Roof: Shingle
    Condition
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Decatur
    • Subdivision: Whitchels Add