949 W Decatur Street, Decatur, IL
$120,000
Active
5 Beds
2 Baths
2,116 SqFt
0.22 Acres
About 949 W Decatur Street
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.
Facts & Features
| MLS® # | 6260726 |
|---|---|
| Price | $120,000 |
| Cost Per Square Foot | $57 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Total Finished Square Feet | 2,116 |
| Total Finished Above Grade | 2,116 |
| Main | 1,066 |
| Upper 1 | 650 |
| Upper 2 | 400 |
| Basement Total | 1,066 |
| Acres | 0.22 |
| Year Built | 1910 |
| Type | Single Family |
| Sub-Type | Duplex |
| Style | Duplex |
| Status | Active |
| Taxes | $1,425 |
| Tax Year | 2025 |
Community Information
| Address | 949 W Decatur Street |
|---|---|
| Subdivision | Packards Add |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62522 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Main Level Primary |
|---|---|
| Appliances | Gas Water Heater, Range, Refrigerator |
| Heating | Forced Air, Gas |
| Cooling | Window Unit(s) |
| Has Basement | Yes |
| Basement | Unfinished, Full |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Lot Dimensions | 60x156 |
|---|---|
| Roof | Asphalt, Shingle |
| Construction | Wood Siding |
| Foundation | Basement |
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | September 14th, 2026 |
|---|---|
| Zoning | RES |
Listing Details
| Agent | Tony Piraino |
|---|---|
| Office | Brinkoetter REALTORS® |