For sale

$120,000

Est. $846/mo —

•

2,116

sq ft

949 W Decatur St, Decatur, IL 62522

About this home

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.

Multi-familyProperty Type

1910Year Built

9,360 sq ftLot Size

$57Price/Sq.Ft.

Listed by Tony Piraino • Brinkoetter REALTORS®

Listing updated: Sep 14, 2026 at 08:18am

Redfin checked: a few seconds ago

•Source:CIBR #6260726

Payment calculator

$846 per month

Principal and interest$671

Property taxes

$119

HOA dues

Home insurance

$56

Utilities

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Open houses

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Nearby open houses (10)

OPEN TODAY, 11AM TO 1PM
$229,900
4 beds3 baths2,386 sq ft
3425 N University Ave, Decatur, IL 62526
OPEN TODAY, 11AM TO 1PM
$94,900
2 beds1 bath1,216 sq ft
1335 W Riverview Ave, Decatur, IL 62522
OPEN TODAY, 11AM TO 12PM
$215,000
5 beds2.5 baths3,004 sq ft
3089 Greenlake Dr, Decatur, IL 62521
OPEN SUN, 11AM TO 1PM
$275,000
3 beds3.5 baths1,680 sq ft
4038 N Buckingham Dr, Decatur, IL 62526
OPEN SUN, 12PM TO 2PM
$153,000
4 beds2.5 baths2,657 sq ft
637 S Crea St, Decatur, IL 62522
OPEN SUN, 12:30PM TO 2PM
$159,000
3 beds1.5 baths1,436 sq ft
69 Meadowlark Dr, Decatur, IL 62526
OPEN SUN, 1PM TO 3PM
$199,000
5 beds2.5 baths2,618 sq ft
2220 N Longwood Dr, Decatur, IL 62526
OPEN SUN, 1PM TO 3PM
$129,900
4 beds1 bath1,377 sq ft
4210 Cleveland Ave, Decatur, IL 62521
OPEN SUN, 1PM TO 3PM
$335,000
4 beds3 baths3,100 sq ft
3 Highland Dr, Warrensburg, IL 62573
OPEN SUN, 2:30PM TO 4PM
$215,000
3 beds2 baths1,882 sq ft
4023 Greenhill Rd, Decatur, IL 62521

Around this home

Schools

K - 12
Preschool & daycare

Dennis Lab School

Public K-8 • Assigned • 1.6mi

2/10

Macarthur High School

Public 9-12 • Assigned • 1.2mi

2/10

Provided by GreatSchools

About Lincoln

Park

Lincoln Park, located between E Eldorado St and E Pershing Rd, is a residential and park-adjacent Decatur neighborhood with a broad greenbelt and a classic street-grid feel. The neighborhood’s character concentrates around the Lincoln Park grounds near E Eldorado St, where ballfields, shaded paths, and seasonal activity set the daily rhythm. Early- to mid-century houses mix with tidy brick ranches and mature trees, giving blocks a settled, walkable cadence. Lincoln Park itself anchors outdoor routines with courts, playground areas, and open lawns. Nearby, the Decatur Civic Center and the Transfer House provide cultural and architectural touchpoints tied to city events and local history. Short drives connect to downtown’s independent dining and arts scene without changing the neighborhood’s quieter tempo.

Provided by Walk Score and Local Logic

Offer insights

949 W Decatur St · $120,000

Strong offer

$120K and above

75% chance or better to win

Why $120K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 36 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bedroom

Living

Interior features
Gas water heater
Range
Refrigerator
Fireplace (1)

Bathrooms
2 full bathrooms

Kitchen
Range
Refrigerator
Gas water heater (utility)

Heating & cooling
Natural gas forced-air heating
Window air conditioning units

Sale and tax history for 949 W Decatur St

Sale History
Tax History

Date

Event

Price

CIBR #6260726

Sep 14, 2026

Listed

$120,000

$57/sq ft

CIBR #6228521

Nov 15, 2023

Sold

$38,000

$18/sq ft

Oct 31, 2023

Pending

—

Oct 17, 2023

Contingent

—

Sep 29, 2023

Price Changed

$49,900

$24/sq ft

Sep 27, 2023

Relisted

—

Sep 4, 2023

Pending

—

Aug 21, 2023

Contingent

—

Aug 20, 2023

Delisted

—

Jul 28, 2023

Listed

$59,900

$28/sq ft

+23

MRED as Distributed by MLS Grid #11607334

Aug 16, 2015

Listing Removed

—

Public Records

Jun 29, 2011

Sold

$29,500

$14/sq ft

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Year

Property tax

Land + Additions

Assessment*

2025

$1,305 (+3.4%)

$1,340 + $12,643

$13,983

2024

$1,262 (+0.8%)

$1,340 + $12,643

$13,983

2023

$1,251 (+573.8%)

$1,249 + $11,786

$13,035

2022

$186 (+6.4%)

$1,205 + $11,369

$12,574

2021

$175 (−2.1%)

$1,097 + $690

$1,787

2020

$178 (+3.6%)

$1,041 + $655

$1,696

2019

$172 (+0.9%)

$1,003 + $631

$1,634

2018

$171 (−2.3%)

$993 + $625

$1,618

2017

$175 (−75.7%)

$996 + $627

$1,623

2016

$720 (+5.3%)

$1,033 + $5,782

$6,815

2015

$684 (+7.6%)

$1,015 + $5,680

$6,695

2014

$635 (−1.6%)

$1,005 + $5,624

$6,629

2013

$646

$1,043 + $5,835

$6,878

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

160 ft.

Lot depth

30 ft.

Lot size

4,800 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

800

Unfinished Sq. Ft.

—

Total Sq. Ft.

800

Year built

1910

Style

Other

County

Macon County

APN

04-12-15-307-003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 14, 2026.

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 106° expected this year, 19 days in 30 years

2/10 Wind Factor

2% 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 • 62522

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 949 W Decatur St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $104,897 and $178,500.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $105K to $179K.

SOLD AUG 13, 2026
$104,897 Last sold price
6 beds3 baths2,378 sq ft
1035 W Main St, Decatur, IL 62522
$13/sq ft
smaller lot
2 years newer
SOLD JUL 30, 2026
$118,000 Last sold price
3 beds1.5 baths1,706 sq ft
77 Isabella Dr, Decatur, IL 62521
$12/sq ft
smaller lot
45 years newer
SOLD AUG 14, 2026
$166,500 Last sold price
3 beds1.5 baths2,262 sq ft
1440 W Sunset Ave, Decatur, IL 62522
$17/sq ft
smaller lot
30 years newer
SOLD JUN 12, 2026
$140,000 Last sold price
3 beds1.5 baths2,177 sq ft
2181 W Forest Ave, Decatur, IL 62522
$7/sq ft
larger lot
37 years newer
SOLD JUL 17, 2026
$178,500 Last sold price
3 beds1.5 baths1,959 sq ft
596 S Monroe St, Decatur, IL 62522
$34/sq ft
larger lot
54 years newer
SOLD DEC 29, 2025
$125,000 Last sold price
3 beds1 bath1,909 sq ft
1677 W Sunset Ave, Decatur, IL 62522
$8/sq ft
smaller lot
37 years newer

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Details provided by CIBR and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 949 W Decatur St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 949 W Decatur St

Early Access listings

Nearby similar homes

New listings for sale in 62522

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