Sold524d on marketHistoric · 97 yrs

1929 W Division St

Decatur, IL, 62526 • 62526 • Macon County

$280,000

$333/sqft

2Beds

1Baths

840Sqft

0.28 acLot

1929Built

Property DNA

3 highlights

Ranch Style

Built 1929 · 97 years of history

Outdoor Living

Patio

2-Car Garage

Detached · Garage

Market activity

Demand and pricing signals for this listing

2 views

People checking out this listing

524 days on market

Established listing

$333/sqft

Price per square foot

About this home

Single Family · Built 1929 · Historic

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.

Estimated monthly payment

Based on current rates

$1,752/month

Principal & Interest$1,379

Property Tax$280

Insurance$93

Down payment20% ($56,000)

3%50%

Est. 6.25% rate · 30yr fixed · $224,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1929

HeatingForced Air, Gas

CoolingCentral Air

Parking2 Garage spaces

Lot0.28 Acres

Property

Home typeSingle Family

Sub-typeSingle Family Residence

StyleRanch

Year built1929

Stories1

Systems

HeatingForced Air, Gas

CoolingCentral Air

RoofAsphalt,Shingle

ConstructionWood Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingDetached, Garage

Garage2 spaces

BasementUnfinished,Full

Lot0.28 Acres

Location & Tax

Neighborhood62526

ZoningRES

Annual tax$1,153

Parcel041209176008

Bathrooms & Fees

Full baths1

Features & details

7 categories of property features

Interior Features

Interior

Main Level Primary

Appliances

Gas Water Heater

Refrigerator

Heating

Forced Air

Gas

Cooling

Central Air

Exterior Features

Parking

Detached

Garage

Construction

Wood Siding

Patio & Porch

Patio

Room details

6 rooms detailed

Bedroom

Main

10×10 ft

Bedroom

Main

10×10 ft

Dining Room

Main

12×9 ft

Other

Main

Kitchen

Main

8×10 ft

Living Room

Main

12×12 ft

Listing insights

Market data and value estimates

StatusSold

Days on market524

Est. value$83,500

Est. rent$944/mo

Tax rate2.18%

Price/sqft$333

On marketAug 16, 2023

PostedOct 31, 2024

Last sold$280,000

MLS updatedOct 31, 2024

Tour days6

How are the schools in Decatur?

3 schools rated nearby

Benjamin Franklin Elementary School

Elementary • Public • K-6

0.7 mi

Stephen Decatur Middle School

Middle • Public • 7-8

3.0 mi

Macarthur High School

High • Public • 9-12

0.5 mi

Location

Decatur, IL, 62526

Expand map

Price history

10 events

DateEventPrice$/sqftSource

Oct 29, 2024Sold$280,000$333CIBR

Jan 31, 2024Price Change$300,000$357CIBR

Dec 5, 2023Pending Sale$315,000$375CIBR

Nov 21, 2023Contingent$315,000$375CIBR

Nov 6, 2023Listed For Sale$315,000$375CIBR

Sep 19, 2023Pending Sale$315,000$375CIBR

Aug 30, 2023Contingent$315,000$375CIBR

Aug 16, 2023Listed For Sale$315,000$375CIBR

Nov 4, 2013Listing Removed$54,900$65RE/MAX EXECUTIVES PLUS

Oct 24, 2013Listed For Sale$54,900$65RE/MAX EXECUTIVES PLUS

Sold$280,000

Oct 29, 2024•$333/sqft•CIBR

Price Change$300,000

Jan 31, 2024•$357/sqft•CIBR

Pending Sale$315,000

Dec 5, 2023•$375/sqft•CIBR

Contingent$315,000

Nov 21, 2023•$375/sqft•CIBR

Listed For Sale$315,000

Nov 6, 2023•$375/sqft•CIBR

Pending Sale$315,000

Sep 19, 2023•$375/sqft•CIBR

Contingent$315,000

Aug 30, 2023•$375/sqft•CIBR

Listed For Sale$315,000

Aug 16, 2023•$375/sqft•CIBR

Listing Removed$54,900

Nov 4, 2013•$65/sqft•RE/MAX EXECUTIVES PLUS

Listed For Sale$54,900

Oct 24, 2013•$65/sqft•RE/MAX EXECUTIVES PLUS

Tax history

18 years of records

YearTax paidAssessed value

Apr 7, 2024$1,277$13,190

Apr 7, 2023$1,266$12,724

Apr 7, 2022$1,227$11,995

Apr 7, 2021$1,153$11,202

Apr 7, 2020$1,177$10,789

Apr 7, 2019$1,136$10,682

Apr 7, 2018$1,156$10,981

Apr 7, 2017$1,181$11,274

Apr 7, 2016$1,203$11,389

Apr 7, 2015$1,144$11,188

Apr 7, 2014$1,062$11,077

Apr 7, 2013$1,097$11,493

Apr 7, 2012$1,104$11,849

Apr 7, 2011—$11,849

Apr 7, 2010—$16,386

Apr 7, 2009—$16,386

Apr 7, 2006—$14,848

Apr 7, 2005—$14,848

Nearby homes

Off Market

$5,611

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1909 W Division St, Decatur, IL

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$45,800

1 ba596 sqft

1945 W Division St, Decatur, IL

Off Market

$52,400

1 ba1,044 sqft

1936 W Cushing St, Decatur, IL

Off Market

$43,200

2 bd1 ba852 sqft

1946 W Cushing St, Decatur, IL

Off Market

$53,400

1 ba725 sqft

1904 W Cushing St, Decatur, IL

For Sale

$72,900

3 bd2 ba1,632 sqft

1960 W Cushing St, Decatur, IL

Off Market

$63,400

2 bd1 ba1,008 sqft

1602 N Summit Ave, Decatur, IL

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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Value estimates

Live

Est. value$83,500

Est. rent$944/mo

30yr rate est.6.25%

Affordability$1,964/mo

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