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.
Auction

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
- 8 days |
- 117 |
- 3 |
Zillow last checked: February 08, 2026 at 11:14pm
Source: Xome
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 DetailsEstimated market value
Not available
Estimated sales range
Not available
$905/mo
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 1/10Hope AcademyGrades: K-8Distance: 0.7 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.6 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 2.2 mi
Open to renting?
Browse rentals near this home.- Loading




