Excellent investment opportunity in Decatur! This 2-bedroom, 1-bath home had most of the major updates completed and is ready for finishing touches. Perfect for an investor looking to add a solid property to their portfolio or create a steady Section 8 rental.
The home features new drywall, a brand-new bathtub and vanity, fresh paint, and beautiful original wood floors. With a little more work, this property could easily be rent-ready or flipped for a great return.
Enjoy a spacious yard, solid layout, and convenient location near local amenities and public transportation.
Highlights:
- 2 Bedrooms/1 Bathroom
- Brand-new tub and vanity
- Drywall and paint work completed
- Gorgeous wood floors
- Great yard and layout
- Ideal for Section 8 or long-term rental income
- Strong rental demand area
Seller financing available!
This one won’t last long - finish it out and start cash flowing!
For sale by owner
$34,999
550 E Division St, Decatur, IL 62526
2beds
854sqft
Est.:
SingleFamily
Built in 1915
4,000 Square Feet Lot
$-- Zestimate®
$41/sqft
$-- HOA
What's special
Fresh paintBeautiful original wood floorsSpacious yardNew drywallBrand-new bathtub and vanity
- 33 days |
- 479 |
- 28 |
Listed by:
Property Owner (901) 878-9449
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Hardwood
- Basement: Unfinished
Interior area
- Total interior livable area: 854 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 4,000 Square Feet
Details
- Parcel number: 041211108031
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
Condition
- New construction: No
- Year built: 1915
Community & HOA
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $41/sqft
- Tax assessed value: $1,950
- Annual tax amount: $189
- Date on market: 11/7/2025
Estimated market value
Not available
Estimated sales range
Not available
$850/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Listed for sale | $34,999$41/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $189 +0.8% | $1,950 +3.7% |
| 2023 | $187 +43.9% | $1,881 +47.9% |
| 2022 | $130 +6.3% | $1,272 +7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$209/mo
Principal & interest
$136
Property taxes
$61
Home insurance
$12
Climate risks
Neighborhood: 62526
Nearby schools
GreatSchools rating
- 1/10Hope AcademyGrades: K-8Distance: 0.7 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.6 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 2.2 mi
- Loading





