$120,000
0.22± Acres
Active
Macon County, IL
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949 W Decatur Street, Decatur, Illinois

MLS ID: 6260726
Status: Active
Price: $120,000
Acres: 0.22±
Type: Duplex, Residential
Address: 949 W Decatur Street
City, State: Decatur, IL
County: Macon County
ZIP Code: 62522
Lat/Long: 39.83775, -88.96903
Parcel Number: 04-12-15-307-002 & -003
Bedrooms: 5
Bathrooms: 2
SqFt: 2,116
Year Built: 1910

Description

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.

Additional Information

Interior

Appliances: Gas Water Heater, Range, Refrigerator
Basement (Yes/no): Yes
Basement: Unfinished, Full
Bathrooms Full: 2
Building Area Total: 2,116
Cooling (Yes/no): Yes
Cooling: Window Units
Fireplace (Yes/no): Yes
Fireplaces Total: 1
Heating (Yes/no): Yes
Heating: Forced Air, Gas
Interior Features: Main Level Primary
Living Area Source: Public Records
Rooms Total: 9

Exterior

Architectural Style: Duplex
Foundation Details: Basement
Lot Size Area: 0
Lot Size Dimensions: 60x156
Lot Size Square Feet: 9,360
Lot Size Units: Acres
Patio and Porch Features: Front Porch
Roof: Asphalt, Shingle
Stories: 3
Water Source: Public

Financial/HOA/Schools

Elementary School District: Decatur Dist 61
Middle School District: Decatur Dist 61
High School District: Decatur Dist 61
Subdivision Name: Packards Add
Tax Annual Amount: 1425
Zoning: RES

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Brandon Peteroccelli

Brandon Peteroccelli

Moweaqua, Illinois

(217) 706-1440

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of October 9, 2026 at 12:22:16 AM UTC.

Listing information provided courtesy of the Central Illinois Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listed By: Tony Piraino of Brinkoetter Realtors® - (217) 972-2867