949 West Decatur Street

New
New
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Gallery Image 12
Gallery Image 13
Gallery Image 14
Gallery Image 15
Gallery Image 16
Gallery Image 17
Active
$120,000
5 beds2,116 sqft$57/sqft
949 W Decatur St, Decatur, IL 62522
Est: $739/moGet pre-approved
Multi FamilyProperty Type
9,583 sq ftLot Size
1910Year Built
$57/sq ftPrice per sq ft

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...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.
Days on Market Listed Today
Last updated: 09/14/2026 08:18 AM • Source: Central Illinois Board of REALTORS, MLS#: 6260726

Location

Listing Courtesy of Brinkoetter REALTORS®
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$739 per month

30 year fixed, 6.71% Interest

Principal and Interest

$620

Property Taxes

$119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 949 West Decatur Street

Property Details
  • Taxes: $1,425 / year
  • MLS Type: Residential Income / Duplex
  • County: Macon County
  • Architectural Style: Duplex
  • Subdivision Name: Packards Add
  • Has Waterfront: No
  • Zoning: RES
Building Information
  • Stories: 3
  • Year Built: 1910
  • Lot Size: 0.22 AC / 9,583 SF
Summary
Location and General Information
  • Latitude: 39.837875
  • Longitude: -88.96905
Taxes and HOA
  • Parcel Number: 04-12-15-307-002 & -003
  • Tax Annual Amount: $1,425.00
  • Tax Year: 2025
School Information
  • Elementary School District: Decatur Dist 61
  • High School District: Decatur Dist 61
  • Middle Or Junior School District: Decatur Dist 61
Parking
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Dimensions: 60x156
  • Lot Size Square Feet: 9360.0
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 2116.0
  • Below Grade Unfinished Area: 1066.0
  • Building Area Total: 2116.0
  • Living Area: 2116.0
  • Living Area Source: Public Records
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1910
  • Year Built Source: Public Records
Building Features
  • Structure Type: Duplex
  • Construction Materials: Wood Siding
  • Levels: Three Or More
  • Roof: Asphalt, Shingle
  • Stories: 3
  • Total Stories: 3
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Front Porch
Interior Features
  • Appliances: Gas Water Heater, Range, Refrigerator
  • Basement: Unfinished, Full
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Total Rooms: 9
Room Information
Room 1
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Main
  • Type: Bedroom
  • Width: 10.0
Room 2
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Third
  • Type: Bedroom
  • Width: 10.0
Room 3
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Second
  • Type: Kitchen
  • Width: 10.0
Room 4
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Second
  • Type: Bedroom
  • Width: 10.0
Room 5
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Main
  • Type: Bedroom
  • Width: 10.0
Room 6
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Main
  • Type: Kitchen
  • Width: 10.0
Room 7
  • Level: Main
  • Type: Bathroom
Room 8
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Main
  • Type: Living Room
  • Width: 10.0
Room 9
  • Level: Second
  • Type: Bathroom
Room 10
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Second
  • Type: Living Room
  • Width: 10.0
Room 11
  • Dimensions: 10.0x10.0
  • Length: 10.0
  • Level: Third
  • Type: Bedroom
  • Width: 10.0

Property History for 949 West Decatur Street

DateEvent & SourcePriceAppreciation
Sep 14, 2026

Listed (Active)

Central Illinois Board of REALTORS #6260726

$120,000—
Nov 15, 2023

Sold (Public Record)

Public Record #1522419275

$38,000—
Nov 15, 2023

Sold (Public Record)

Public Record #1522419275

$38,000

+38.2% / yr

DateEvent & SourcePrice
09/14/2026

Listed (Active)

Central Illinois Board of REALTORS #6260726

$120,000
11/15/2023

Sold (Public Record)

Public Record #1522419275

$38,000
11/15/2023

Sold (Public Record)

Public Record #1522419275

$38,000

+38.2% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 949 West Decatur Street

Taxable ValueLand$1,340Additions$12,643Total$13,983
Tax Record2025$1,305 ($109 / month)
Home Facts
Beds0Total Finished SqFt800 SqFtAbove Grade Finished SqFt800 SqFtStories2Lot Size4,800 SqFtStyleSingle Family ResidenceYear Built1910ZoningMUNICIPALCountyMACONAPN04-12-15-307-003Fireplace TypeHas Fireplace

Schools near 949 West Decatur Street

This home is within Decatur School District 61.
Rating
School
Type
Grades
Distance
Dennis Lab School
Public - K to 8
Macarthur High School
Public - 9 to 12
Robertson Charter School
Charter - PK to 8
Garfield Montessori School
Public - PK to 8
Rating
School
Distance
Dennis Lab School
PublicK to 8

Macarthur High School
Public9 to 12

Robertson Charter School
CharterPK to 8

Garfield Montessori School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Lincoln Park
Lincoln Park
Valued for its pedestrian-friendly and culturally-rich qualities. Within the landmark districts of Lincoln Park, you’ll find historic churches, handsome brick row houses, modern condos and student housing, serene parks, active business corridors, and quiet residential streets.
Lincoln Park Guide

Similar Homes

New listings in 62522

$150,000 | 1945 West Wood Street, Decatur, IL 62522
1/22
New

$150,000

3
Bedrooms
2,074
Square Feet
0.14
Acres

1945 West Wood Street, Decatur, IL 62522

$49,999 | 592 South Oakland Avenue, Decatur, IL 62522
1/2
New

$49,999

2
Bedrooms
954
Square Feet
0.1
Acres

592 South Oakland Avenue, Decatur, IL 62522

$69,900 | 471 South Seigel Street, Decatur, IL 62522
1/23

$69,900

3
Bedrooms
1,800
Square Feet
0.24
Acres

471 South Seigel Street, Decatur, IL 62522

$185,000 | 237 Cobb Avenue, Decatur, IL 62522
1/33

$185,000

3
Bedrooms
2,058
Square Feet
0.16
Acres

237 Cobb Avenue, Decatur, IL 62522

$96,000 | 1336 Riverview Avenue, Decatur, IL 62522
1/22

$96,000

4
Bedrooms
1,623
Square Feet
0.17
Acres

1336 Riverview Avenue, Decatur, IL 62522

$149,900 | 1595 West Sunset Avenue, Decatur, IL 62522
1/24

$149,900

5
Bedrooms
2,196
Square Feet
0.13
Acres

1595 West Sunset Avenue, Decatur, IL 62522

$189,900 | 1811 West Main Street, Decatur, IL 62522
1/30

$189,900

4
Bedrooms
3,241
Square Feet
0.32
Acres

1811 West Main Street, Decatur, IL 62522

a front view of a house with a yard
1/19
Active Under Contract

$119,900

2
Bedrooms
1,055
Square Feet
0.23
Acres

3370 West Main Street, Decatur, IL 62522

a front view of a house with a yard
1/45

$219,900

3
Bedrooms
2,707
Square Feet
0.35
Acres

8 Montgomery Place, Decatur, IL 62522

Explore Nearby Homes

More information about 949 West Decatur Street, Decatur, IL 62522

949 West Decatur Street is a multi-family home for sale in Decatur, IL 62522. This listing's school district is Decatur School District 61. Nearby schools include Dennis Lab School, Macarthur High School and Robertson Charter School. 949 West Decatur Street is a 5-bed, 2-bath, 2,116 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brinkoetter REALTORS®

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of 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. Information deemed reliable but not guaranteed. Copyright ©2026 Central Illinois Board of REALTORS®. All rights reserved.