3088 E Wallace St, Decatur, IL 62526

Charming Home with Brand New Finishes This property presents a fantastic opportunity, featuring a freshly updated interior with all-new major components and appliances, ensuring a move-in ready experience. The exterior is a dark gray color with crisp white window shutters and trim, offering a modern and attractive curb appeal. Brand New Interior Highlights The interior of the home showcases numerous brand new updates: * Kitchen: Enjoy cooking with new stainless steel appliances, including a modern side-by-side refrigerator with a water dispenser and a gas range/stove (shown in black and stainless steel). The kitchen also features durable and attractive new wood-look vinyl plank flooring that extends into the surrounding area, complementing the natural wood cabinets. * Bathrooms: Both the showers and the sink are brand new. The bathrooms feature clean, white, updated shower/tub units with built-in shelving, a new chrome shower fixture and faucet, and a new pedestal sink with chrome fixtures. The bathroom areas also feature the same new wood-look vinyl plank flooring as the kitchen. * Flooring: In addition to the new vinyl plank flooring in the wet areas, the main areas of the home feature cozy dark gray carpet. Please note that all carpets have been recently steamed cleaned and are ready for occupancy. This refreshed home offers a perfect blend of modern comfort and style. Exit, Sublease, and Default | Term | Condition | Justification | | Subleasing/Assignment | Permitted, subject to Landlord's reasonable approval (consent not to be unreasonably withheld or delayed). | Allows the tenant flexibility if their business needs change, increasing the likelihood of timely rent payment even if they need to relocate. | | Default Grace Period | 10 days for non-monetary default (e.g., maintenance violations) and 5 days for monetary default (late rent) before formal remedies are initiated. | A reasonable window to fix minor oversights before triggering penalties, favoring partnership over punitive measures. | | Holding Over Penalty | Rent shall be 150% of the then-current base rent if the tenant remains past the end of the term without a new agreement. | Fair compensation to the landlord for lost opportunity/scheduling issues caused by a tenant who fails to vacate on time. | Property Responsibilities | Term | Responsibility | | Structural/Exterior | Landlord (Roof, foundation, exterior walls, common area systems). | | Interior/Non-Structural | Tenant (Interior walls, finishes, specific in-suite HVAC unit maintenance, and all specialized equipment). | | Utilities | Tenant pays for all metered in-suite utilities (Electric, Gas). Landlord covers common area utilities and water/sewer (included in Operating Expenses). | | Signage | Tenant is permitted one exterior sign on their suite fascia, subject to architectural review and municipal approval. |