Sold224d on market
1730 N Water St
Decatur, IL, 62526 • 62526 • Macon County
$625,000
0.29 acLot
1979Built
Property DNA
Whitchels Add
62526
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
224 days on market
Established listing
About this home
Multi Family · Built 1979
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!
Standout features identified
Our analysis highlights new flooring and new roof as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,899/month
Principal & Interest$3,065
Property Tax$625
Insurance$208
Down payment20% ($125,000)
3%50%
Est. 6.21% rate · 30yr fixed · $500,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1979
HeatingDuctless, Electric, Hot Water
CoolingDuctless, Window Unit(s)
ParkingNo Data
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1979
Stories3
Systems
HeatingDuctless, Electric, Hot Water
CoolingDuctless, Window Unit(s)
RoofShingle
ConstructionBrick, Vinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
BasementFinished,Full
Lot0.29 Acres
Location & Tax
Neighborhood62526
ZoningOther
Annual tax$8,430
Parcel041211102005
Features & details
4 categories of property features
Interior Features
Appliances
Cooktop
Disposal
Gas Water Heater
Oven
Range
Refrigerator
Range Hood
Heating
Ductless
Electric
Hot Water
Cooling
Ductless
Window Unit(s)
Exterior Features
Construction
Brick
Vinyl Siding
Listing insights
Market data and value estimates
StatusSold
Days on market224
Est. value$649,400
Est. rent$855/mo
Tax rate2.18%
On marketFeb 24, 2025
PostedAug 13, 2025
Last sold$625,000
MLS updatedAug 26, 2025
Tour days6
Views7
How are the schools in Decatur?
3 schools rated nearby
Location
Decatur, IL, 62526
Price history
7 events
DateEventPrice$/sqftSource
Aug 26, 2025Sold$625,000—CIBR
Aug 13, 2025Pending Sale$675,000—CIBR
Jun 14, 2025Listing Removed$675,000—CIBR
Apr 23, 2025Price Change$675,000—CIBR
Apr 2, 2025Listed For Sale$775,000—CIBR
Mar 19, 2025Contingent$775,000—CIBR
Feb 24, 2025Listed For Sale$775,000—CIBR
Sold$625,000
Aug 26, 2025•CIBR
Pending Sale$675,000
Aug 13, 2025•CIBR
Listing Removed$675,000
Jun 14, 2025•CIBR
Price Change$675,000
Apr 23, 2025•CIBR
Listed For Sale$775,000
Apr 2, 2025•CIBR
Contingent$775,000
Mar 19, 2025•CIBR
Listed For Sale$775,000
Feb 24, 2025•CIBR
Nearby homes
Neighborhood details
Local context around this listing
Decatur, IL • Macon County
Nearby cities
ArgentaBlue MoundDalton CityDecaturMaconMaroaMount ZionNiantic
Nearby zip codes
62521625226252362524625256252662532
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