OFF MARKET

Off Market Aug 2025 for $625K

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Est. refi paymentEst. refi $2,090/mo

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— ba

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sq ft

1730 Water St, Decatur, IL 62526

About this home

INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE - Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!

Multi-familyProperty Type

1979Year Built

0.29 acresLot Size

Listed by Cole Babcock • Vieweg RE/Better Homes & Gardens Real Estate-Service First

Bought with Amanda Good • Mtz Realty Services

Redfin checked: a minute ago

•Source:CIBR #6250739

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 62526, IL

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.3%

+1.0% MoM

Median sale price

$135K

$5K MoM

Avg. days on market

24d

6 days MoM

Recently sold homes

111

6 MoM

New listings for sale

NEW 15 HRS AGO
$245,000
4 beds3 baths3,060 sq ft
23 Montez Dr, Decatur, IL 62526
NEW 15 HRS AGO
$149,900
3 beds2 baths1,400 sq ft
1715 Ravina Park Rd, Decatur, IL 62526
NEW 26 HRS AGO
$149,900
3 beds2.5 baths1,388 sq ft
3583 Plover Dr, Decatur, IL 62526
NEW 29 HRS AGO
$135,000
2 beds1 bath865 sq ft
1153 N Lake Shore Dr, Decatur, IL 62526
NEW 33 HRS AGO
$199,000
3 beds2.5 baths2,410 sq ft
30 N Court Dr, Decatur, IL 62526
$500,000
1 bed1 bath925 sq ft
2848 Cardinal Dr, Decatur, IL 62526
$99,900
2 beds1.5 baths1,527 sq ft
1305 N Summit Ave, Decatur, IL 62526
$330,000
4 beds2.5 baths4,968 sq ft
2266 Baker Ln, Decatur, IL 62526
OPEN SAT, 2PM TO 4PM
$179,000
3 beds2.5 baths2,172 sq ft
4394 Huston Hills Rd, Decatur, IL 62526
OPEN SAT, 10AM TO 12PM
$229,000
3 beds2.5 baths1,236 sq ft
4487 Hale Dr, Decatur, IL 62526
See all

Provided by Redfin

Sale history for 1730 Water St

Date

Event

Price

CIBR #6255431

Nov 26, 2025

Rental Removed

$700

Oct 30, 2025

Listed for Rent

$700

CIBR #6250739

Aug 26, 2025

Sold

$625,000

Aug 13, 2025

Pending

—

Apr 23, 2025

Price Changed

$675,000

Apr 2, 2025

Relisted

—

Mar 19, 2025

Contingent

—

Feb 24, 2025

Price Changed

$775,000

Feb 24, 2025

Listed

$775

LISTANZA #4

Aug 17, 2025

Rental Removed

$700

Jul 10, 2025

Listed for Rent

$700

Jul 4, 2025

Rental Removed

$700

Mar 3, 2025

Listed for Rent

$700

Feb 27, 2025

Rental Removed

$700

Dec 19, 2024

Listed for Rent

$700

LISTANZA #3

Aug 30, 2025

Rental Removed

$700

Aug 18, 2025

Listed for Rent

$700

Aug 11, 2025

Rental Removed

$700

Jul 30, 2025

Listed for Rent

$700

Jul 25, 2025

Rental Removed

$700

Jun 20, 2025

Listed for Rent

$700

Jun 13, 2025

Rental Removed

$700

Jun 5, 2025

Listed for Rent

$700

May 31, 2025

Rental Removed

$700

May 31, 2025

Listed for Rent

$700

May 26, 2025

Rental Removed

$700

May 26, 2025

Listed for Rent

$700

May 22, 2025

Rental Removed

$700

Dec 18, 2024

Listed for Rent

$700

LISTANZA #2

Dec 18, 2024

Rental Removed

$700

Oct 10, 2024

Listed for Rent

$700

LISTANZA #1

Oct 10, 2024

Rental Removed

$700

Oct 9, 2024

Listed for Rent

$700

Public Records

Jun 26, 2024

Sold

$356,000

Public Records

Oct 23, 2023

Sold

$999,900

Public Records

Oct 18, 2023

Sold

$795,000

MRED as Distributed by MLS Grid #11529697

Aug 31, 2013

Listing Removed

—

Public Records

Jul 2, 2013

Sold

$525,000

MRED as Distributed by MLS Grid #11578104

Aug 13, 2010

Listing Removed

—

Public Records

Sep 10, 2007

Sold

$125,000

Public Records

Sep 10, 2007

Sold

$575,000

Year

Property tax

Land + Additions

Assessment*

2025

$8,791 (+3.4%)

$12,865 + $81,335

$94,200

2024

$8,501 (+0.8%)

$12,865 + $81,335

$94,200

2023

$8,430 (+7.9%)

$11,993 + $75,823

$87,816

2022

$7,815 (+6.4%)

$11,568 + $73,139

$84,707

2021

$7,343 (−2.1%)

$10,531 + $64,642

$75,173

2020

$7,498 (+3.6%)

$9,997 + $61,365

$71,362

2019

$7,236 (+4.5%)

$9,628 + $59,101

$68,729

2018

$6,921 (−2.3%)

$9,533 + $58,516

$68,049

2017

$7,084 (−1.9%)

$8,317 + $57,559

$65,876

2016

$7,219 (+5.2%)

$8,626 + $59,698

$68,324

2015

$6,860 (+7.7%)

$8,473 + $58,642

$67,115

2014

$6,370 (−1.7%)

$8,389 + $58,061

$66,450

2013

$6,481

$8,704 + $60,242

$68,946

Tax history for 1730 Water St

Year

Property tax

Land + Additions

Assessment*

2025

$8,791 (+3.4%)

$12,865 + $81,335

$94,200

2024

$8,501 (+0.8%)

$12,865 + $81,335

$94,200

2023

$8,430 (+7.9%)

$11,993 + $75,823

$87,816

2022

$7,815 (+6.4%)

$11,568 + $73,139

$84,707

2021

$7,343 (−2.1%)

$10,531 + $64,642

$75,173

2020

$7,498 (+3.6%)

$9,997 + $61,365

$71,362

2019

$7,236 (+4.5%)

$9,628 + $59,101

$68,729

2018

$6,921 (−2.3%)

$9,533 + $58,516

$68,049

2017

$7,084 (−1.9%)

$8,317 + $57,559

$65,876

2016

$7,219 (+5.2%)

$8,626 + $59,698

$68,324

2015

$6,860 (+7.7%)

$8,473 + $58,642

$67,115

2014

$6,370 (−1.7%)

$8,389 + $58,061

$66,450

2013

$6,481

$8,704 + $60,242

$68,946

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

158 ft.

Lot depth

80 ft.

Lot size

0.29 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Macon County

APN

04-12-11-102-005

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 14, 2026.

Property details

Interior

Heating & Cooling
Has Cooling
Cooling: Ductless, Window Unit(s)
Has Heating
Heating: Ductless, Electric, Hot Water

Interior Features
Appliances: Cooktop, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood

Room Information
Has Basement
Basement Details: Finished, Full

Exterior

Exterior Features
Roof: Shingle

Building Information
Sq. Ft.: 0
Levels: Three Or More
# of Stories Total: 3
Construction Materials: Brick, Vinyl Siding

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi Family

Lot Information
Road Responsibility: Private Maintained Road, Public Maintained Road
Road Frontage Type: City Street, Private Road, State Road
Lot Size : 0.29
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Zoning: Other

Financial

Tax Information
Tax Annual Amount: $8,430

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
Elementary School District: Decatur Dist 61
Middle Or Junior School District: Decatur Dist 61
High School District: Decatur Dist 61

Location Information
Subdivision Name: Whitchels Add

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.29 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Macon County
APN: 04-12-11-102-005

Home facts updated by county records on Aug 14, 2026

Other

Listing Information
List AOR: CentralIllinoisBoardOfRealtors

Around this home

Schools
Places
Transit

Hope Academy

Public K-8 • Assigned • 0.9mi

2/10

Macarthur High School

Public 9-12 • Assigned • 1.4mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 105° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Decatur, IL • 62526

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.9 hours in December, which is comparable to the U.S. average for solar exposure.

10.2 hrs

3.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 62526

NEW 15 HRS AGO

$245,000

4 beds3 baths3,060 sq ft

23 Montez Dr, Decatur, IL 62526

NEW 15 HRS AGO

$149,900

3 beds2 baths1,400 sq ft

1715 Ravina Park Rd, Decatur, IL 62526

NEW 26 HRS AGO

$149,900

3 beds2.5 baths1,388 sq ft

3583 Plover Dr, Decatur, IL 62526

NEW 29 HRS AGO

$135,000

2 beds1 bath865 sq ft

1153 N Lake Shore Dr, Decatur, IL 62526

NEW 33 HRS AGO

$199,000

3 beds2.5 baths2,410 sq ft

30 N Court Dr, Decatur, IL 62526

$500,000

1 bed1 bath925 sq ft

2848 Cardinal Dr, Decatur, IL 62526

$99,900

2 beds1.5 baths1,527 sq ft

1305 N Summit Ave, Decatur, IL 62526

$330,000

4 beds2.5 baths4,968 sq ft

2266 Baker Ln, Decatur, IL 62526

OPEN SAT, 2PM TO 4PM

$179,000

3 beds2.5 baths2,172 sq ft

4394 Huston Hills Rd, Decatur, IL 62526

Home values near 1730 Water St

Data from public records.

Address	Redfin Estimate
1704 N Water Street, Decatur, IL - Beds \| 1 Baths \| 928 Sq. Ft.	$49,423
1738 N Whitchel Avenue, Decatur, IL - Beds \| 1 Baths \| 720 Sq. Ft.	$35,108

Address	Redfin Estimate
1683 N Water Street, Decatur, IL - Beds \| 1 Baths \| 1212 Sq. Ft.	$37,786
1715 N Whitchel Avenue, Decatur, IL 2 Beds \| 1 Baths \| 1335 Sq. Ft.	$40,784

Address	Redfin Estimate
1726 N Whitchel Avenue, Decatur, IL - Beds \| 1 Baths \| 991 Sq. Ft.	$10,790
240 E Olive Street, Decatur, IL - Beds \| 1 Baths \| 910 Sq. Ft.	$16,329

Property information provided by CIBR when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 62526, IL

Sale history for 1730 Water St

Tax history for 1730 Water St

Public record

Property details

Around this home

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 62526

Home values near 1730 Water St

More real estate resources