Investor-friendly 2-bed ranch with proven rental history and strong cash-flow metrics. Previously rented for $625/month, this property presents an excellent opportunity for buyers seeking immediate income and favorable cash-on-cash returns.
Recent capital improvements include replacement windows, a new roof in 2021, and a new electrical panel in 2025, helping reduce near-term maintenance risk. The home also features an unfinished basement.
At a $45,000 purchase price, the numbers are compelling:
Estimated monthly P&I: ~$269 (20% down, 6.5% interest, 20-year amortization), Estimated monthly cash flow: ~$356, Estimated annual cash flow: ~$4,275, Estimated cash-on-cash return: ~47% (based on ~$9,000 down payment), Estimated annual ROI: ~47% (excluding appreciation and tax benefits).
HVAC and water heater ages are unknown, allowing investors to underwrite conservatively while still benefiting from recent major updates. Affordable entry point, strong yield, and proven rent history make this a solid buy-and-hold or portfolio-add opportunity.
Financial figures are estimates and provided for illustration purposes only; buyers to verify rents, expenses, and financing terms.
For sale
$45,000
330 W Garfield Ave, Decatur, IL 62526
2beds
676sqft
Est.:
Single Family Residence
Built in 1925
2,178 Square Feet Lot
$-- Zestimate®
$67/sqft
$-- HOA
What's special
Replacement windowsUnfinished basement
- 2 hours |
- 97 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: 9 hours ago
Listed by:
Tony Piraino 217-875-0555,
Brinkoetter REALTORS®
Source: CIBR,MLS#: 6256575
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Description: Flooring: Carpet
- Level: Main
Bedroom
- Description: Flooring: Carpet
- Level: Main
Breakfast room nook
- Description: Flooring: Vinyl
- Level: Main
Other
- Description: Flooring: Vinyl
- Level: Main
Kitchen
- Description: Flooring: Vinyl
- Level: Main
Living room
- Description: Flooring: Carpet
- Level: Main
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Freezer, Gas Water Heater, Oven, Range
Features
- Main Level Primary
- Basement: Unfinished,Full
- Has fireplace: No
Interior area
- Total structure area: 676
- Total interior livable area: 676 sqft
- Finished area above ground: 676
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
Lot
- Size: 2,178 Square Feet
- Dimensions: 47 x 48
Details
- Parcel number: 041203456021
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: J T Briggs Sub
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $4,288
- Annual tax amount: $415
- Date on market: 12/30/2025
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Listed for sale | $45,000+246.2%$67/sqft |
Source:  CIBR #6256575 Report a problem | ||
| 10/25/2021 | Sold | $13,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $415 +0.8% | $4,288 +3.7% |
| 2023 | $412 +3.8% | $4,136 +6.6% |
| 2022 | $397 +6.5% | $3,879 +7.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$269/mo
Principal & interest
$174
Property taxes
$79
Home insurance
$16
Climate risks
Neighborhood: 62526
Nearby schools
GreatSchools rating
- 1/10Parsons Accelerated SchoolGrades: K-6Distance: 1.7 mi
- 1/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 1.9 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Decatur Dist 61
Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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