949 W Decatur StreetNew

Decatur, IL 62522 · Packards Add · MLS #6260726

$120,000
Listed today
Save
Bedrooms
5
Bathrooms
2
Sq Ft
2,116
Acres
0.22
Type
Residential
Status
Active

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.

Features

Main Level PrimaryGas Water HeaterRangeRefrigeratorFront PorchWindow UnitsForced AirGasUnfinishedFull

Property Details

Price
$120,000
MLS #
6260726
Status
Active
Beds
5
Baths
2
Type
Residential
Subtype
Duplex
Subdivision
Packards Add
Listed Date
Sep 14, 2026
Total Sq Ft
2,116
Lot Size
9,360 sqft / 0.22 acres
Year Built
1910
County
Macon
Zoning
RES
Parcel Number
04-12-15-307-002 & -003

Interior

Above Grade Finished Area
2,116
Below Grade Finished Area
0
Below Grade Unfinished Area
1,066
Full Bathrooms
2
Half Bathrooms
0
Appliances
Gas Water Heater, Range, Refrigerator
Basement
Unfinished, Full
Cooling
Window Units
Heating
Forced Air, Gas
Fireplaces Total
1
Interior Features
Main Level Primary
Levels
Three Or More

Exterior

Architectural Style
Duplex
Construction Materials
Wood Siding
Foundation
Basement
Garage
No
Patio And Porch Features
Front Porch
Roof
Asphalt, Shingle
Stories
3
Road Surface
None
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$757/mo
$639 principal & interest$119 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2025
Taxes
$1,425

Schools

School District
Decatur Dist 61

Market Summary

Current real estate data for Residential in Decatur as of Sep 14, 2026, from all participating CIBR offices.

Residential Listed
195
Avg Days on Market
67
Avg List Price
$189,457

Location

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Listed by Brinkoetter REALTORS® · (217) 875-0555. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).