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For sale
    • $120,000

    949 W Decatur St, Decatur, IL 62522

    5beds
    2,116sqft
    : 
    $968/mo
    Get pre-qualified
    Duplex, Multi Family, Single Family Residence
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $57/sqft
    $-- HOA

    What's special

    Investor alert! Fully occupied duplex offering strong in-place income and a strong double-digit potential cap rate at the $120,000 asking price. The first-floor unit features 2 bedrooms and 1 bath and is leased at $890/month through February 2027. The second unit spans the second and third floors, features 3 bedrooms and 1 bath, and is leased at $1,250/month through December 2026. Combined gross rent is $2,140/month or $25,680 annually, providing a 21.4% gross yield and 4.67 gross rent multiplier at list price. Tenants pay their own gas and electric, while the owner pays water, trash and lawn care. Sale also includes the adjacent vacant lot to the west at 959 W Decatur, adding additional value and future possibilities. Conveniently located near Millikin University. A great opportunity to add an occupied, cash-flowing multifamily property to your portfolio. Room sizes, square footage and investment calculations are approximate and should be independently verified. Sale also includes the adjacent vacant lot to the west at 959 W Decatur.
    13 days
    293
    33

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Piraino 217-875-0555,

    Brinkoetter REALTORS®

    Source: CIBR,MLS#: 6260726MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Bedroom
      • Level: Main
      • Dimensions: 10 x 10
      Bedroom
      • Level: Main
      • Dimensions: 10 x 10
      Bedroom
      • Level: Second
      • Dimensions: 10 x 10
      Bedroom
      • Level: Third
      • Dimensions: 10 x 10
      Bedroom
      • Level: Third
      • Dimensions: 10 x 10
      Other
      • Level: Main
      Other
      • Level: Second
      Kitchen
      • Level: Main
      • Dimensions: 10 x 10
      Kitchen
      • Level: Second
      • Dimensions: 10 x 10
      Living room
      • Level: Main
      • Dimensions: 10 x 10
      Living room
      • Level: Second
      • Dimensions: 10 x 10
      Heating
      • Forced Air, Gas
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Gas Water Heater, Range, Refrigerator
      Features
      • Main Level Primary
      • Basement: Unfinished,Full
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 2,116
      • Total interior livable area: 2,116 sqft
      • Finished area above ground: 2,116
      • Finished area below ground: 0

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Front Porch
      Lot
      • Size: 9,583 Square Feet
      • Dimensions: 60 x 156
      Details
      • Parcel number: 041215307002 & 003
      • Zoning: RES
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family, Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Basement
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Packards Add
      Location
      • Region: Decatur

      Financial & listing details

      • Price per square foot: $57/sqft
      • Tax assessed value: $13,035
      • Annual tax amount: $1,425
      • Date on market: 9/14/2026
      • Road surface type: None

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/14/2026Listed for sale$120,000+215.8%$57/sqft
        Source: CIBR #6260726 Report a problem
        11/15/2023Sold$38,000-23.8%$18/sqft
        Source: CIBR #6228521 Report a problem
        10/31/2023Pending sale$49,900$24/sqft
        Source: CIBR #6228521 Report a problem
        10/17/2023Contingent$49,900$24/sqft
        Source: CIBR #6228521 Report a problem
        9/29/2023Price change$49,900-16.7%$24/sqft
        Source: CIBR #6228521 Report a problem
        9/27/2023Listed for sale$59,900$28/sqft
        Source: CIBR #6228521 Report a problem
        9/4/2023Pending sale$59,900$28/sqft
        Source: CIBR #6228521 Report a problem
        8/21/2023Contingent$59,900$28/sqft
        Source: CIBR #6228521 Report a problem
        7/28/2023Listed for sale$59,900+1098%$28/sqft
        Source: CIBR #6228521 Report a problem
        8/9/2017Sold$5,000-86.4%$2/sqft
        Source: Public Record Report a problem
        3/25/2016Listing removed$36,900$17/sqft
        Source: Glenda Williamson Realty #6155211 Report a problem
        12/30/2015Listed for sale$36,900-26.1%$17/sqft
        Source: Glenda Williamson Realty #6155211 Report a problem
        9/2/2015Listing removed$49,900$24/sqft
        Source: Glenda Williamson Realty #6150563 Report a problem
        2/21/2015Listed for sale$49,900$24/sqft
        Source: Glenda Williamson Realty #6150563 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,262 +0.8%$13,035 +3.7%
        2023$1,251 +573.8%$12,574 +592.4%
        2022$186 +6.4%$1,816 +7.1%
        2021$175 -2.1%$1,696 +3.8%
        2020$178 +3.6%$1,634 +1%
        2019$172 +0.7%$1,618 -0.3%
        2018$171 -2.1%$1,623 -2.6%
        2017$175 -75.7%$1,667 -75.5%
        2016$720 +5.2%$6,815 +1.8%
        2015$684 +7.7%$6,695 +1%
        2014$635 -3.2%$6,629 -3.6%
        2013$657 -0.6%$6,878 -3%
        2012$661 $7,090
        2011-- $7,090 -31.3%
        2010-- $10,318
        2009-- $10,318 -37.4%
        2006-- $16,495
        2005-- $16,495
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 62522

        Getting around

        63 / 100
        Somewhat Walkable
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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