This is a package deal of 9 rental properties and seller prefers to sell as a package. Various locations throughout Decatur. 7 of the 9 houses are currently leased. ~$74k in annual gross income and ~$48k in net income when all 9 are rented assuming 5% vacancy. This represents an ~16% cap rate. If financed at 80% LTV the annual cashflow would be about $28k representing a ~45% cash on cash return and an ROI of ~43%. Please contact your real estate agent for a list of addresses and the assumptions behind the financials listed above.
Sold for $280,000 on 10/29/24
$280,000
1929 W Division St, Decatur, IL 62526
2beds
840sqft
Single Family Residence
Built in 1929
0.28 Acres Lot
$82,600 Zestimate®
$333/sqft
$934 Estimated rent
Home value
$82,600
$68,000 - $97,000
$934/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 31, 2024 at 12:44pm
Listed by:
Tony Piraino 217-875-0555,
Brinkoetter REALTORS®
Bought with:
Tony Piraino, 471021128
Brinkoetter REALTORS®
Source: CIBR,MLS#: 6228834
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Description: Flooring: Carpet
- Level: Main
- Dimensions: 10 x 10
Bedroom
- Description: Flooring: Carpet
- Level: Main
- Dimensions: 10 x 10
Dining room
- Description: Flooring: Laminate
- Level: Main
- Dimensions: 12 x 9
Other
- Description: Flooring: Vinyl
- Level: Main
Kitchen
- Description: Flooring: Laminate
- Level: Main
- Dimensions: 8 x 10
Living room
- Description: Flooring: Laminate
- Level: Main
- Dimensions: 12 x 12
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Gas Water Heater, Refrigerator
Features
- Main Level Primary
- Basement: Unfinished,Full
- Has fireplace: No
Interior area
- Total structure area: 840
- Total interior livable area: 840 sqft
- Finished area above ground: 840
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 0.28 Acres
Details
- Parcel number: 041209176008
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Decatur
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2024 | Sold | $280,000-6.7%$333/sqft |
Source:  CIBR #6228834 Report a problem | ||
| 1/31/2024 | Price change | $300,000-4.8%$357/sqft |
Source: CIBR #6228834 Report a problem | ||
| 12/5/2023 | Pending sale | $315,000$375/sqft |
Source: CIBR #6228834 Report a problem | ||
| 11/21/2023 | Contingent | $315,000$375/sqft |
Source: CIBR #6228834 Report a problem | ||
| 11/6/2023 | Listed for sale | $315,000$375/sqft |
Source: CIBR #6228834 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,277 +0.8% | $13,190 +3.7% |
| 2023 | $1,266 +3.2% | $12,724 +6.1% |
| 2022 | $1,227 +6.4% | $11,995 +7.1% |
Find assessor info on the county website
Neighborhood: 62526
Nearby schools
GreatSchools rating
- 1/10Benjamin Franklin Elementary SchoolGrades: K-6Distance: 0.7 mi
- 1/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 3 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: Decatur Dist 61
Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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