949 W Decatur StreetNew
Decatur, IL 62522 · Packards Add · MLS #6260726
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
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
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.
Location
See this listing
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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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