Skip main navigation
Auction
  • listing provided by
    Est. $14,000

    550 E Division St, Decatur, IL 62526

    2beds
    854sqft
    Single Family Residence
    Built in 1915
    3,920.4 Square Feet Lot
    $-- Zestimate®
    $16/sqft
    $-- HOA

    Overview

    Excellent investment opportunity in Decatur! This 2-bedroom, 1-bath home had most of the major updates completed and is ready for finishing touches. Perfect for an investor looking to add a solid property to their portfolio or create a steady Section 8 rental. The home features new drywall, a brand-new bathtub and vanity, fresh paint, and beautiful original wood floors. With a little more work, this property could easily be rent-ready or flipped for a great return. Enjoy a spacious yard, solid layout, and convenient location near local amenities and public transportation. Highlights: - 2 Bedrooms/1 Bathroom - Brand-new tub and vanity - Drywall and paint work completed - Gorgeous wood floors - Great yard and layout - Ideal for Section 8 or long-term rental income - Strong rental demand area This one won't last long - finish it out and start cash flowing! Buyer to pay all closing costs. Buyer may also choose their own preferred Title company.
    8 days
    |
    117
    |
    3
    |

    Zillow last checked: February 08, 2026 at 11:14pm

    Source: XomeMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Features
    • Has basement: No
    Interior area
    • Total structure area: 854
    • Total interior livable area: 854 sqft

    Property

    Features
    • Stories: 1
    Lot
    • Size: 3,920.4 Square Feet
    Details
    • Parcel number: 041211108031
    • Special conditions: Auction

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1915

    Community & HOA

    Location
    • Region: Decatur

    Financial & listing details

    • Price per square foot: $16/sqft
    • Tax assessed value: $1,950
    • Annual tax amount: $189
    • Date on market: 2/1/2026
    • Lease term: Contact For Details
    This listing is brought to you by Xome
    View Auction Details

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $905/mo

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$189 +0.8%$1,950 +3.7%
    2023$187 +43.9%$1,881 +47.9%
    2022$130 +6.3%$1,272 +7%

    Find assessor info on the county website

    Climate risks

    Neighborhood: 62526

    Nearby schools

    GreatSchools rating