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330 W Garfield Avenue, 
Decatur, IL 62526

$43,000


2

Beds


1

Bath


676

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Tony Piraino

Brinkoetter Realtors

217-875-0555

Last updated:

January 14, 2026, 04:37 PM

MLS#

6256575

Source:

IL CIBOR

About This Home

330 W Garfield Avenue

Investor-friendly 2-bed ranch with proven rental history and strong cash-flow metrics. Previously rented for $625/month, this property presents an excellent opportunity for buyers seeking immediate income and favorable cash-on-cash returns. Recent capital improvements include replacement windows, a new roof in 2021, and a new electrical panel in 2025, helping reduce near-term maintenance risk. The home also features an unfinished basement. At a $45,000 purchase price, the numbers are compelling: Estimated monthly P&I: ~$269 (20% down, 6.5% interest, 20-year amortization), Estimated monthly cash flow: ~$356, Estimated annual cash flow: ~$4,275, Estimated cash-on-cash return: ~47% (based on ~$9,000 down payment), Estimated annual ROI: ~47% (excluding appreciation and tax benefits). HVAC and water heater ages are unknown, allowing investors to underwrite conservatively while still benefiting from recent major updates. Affordable entry point, strong yield, and proven rent history make this a solid buy-and-hold or portfolio-add opportunity. Financial figures are estimates and provided for illustration purposes only; buyers to verify rents, expenses, and financing terms.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1925

Price Summary

43,000

$63 per Sq. Ft.

MLS #:

6256575

Last Updated:

January 14, 2026, 04:37 PM

Added:

16 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

676 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

676 Sq. Ft.

Year Built:

1925


Lot

Lot Size (Sq. Ft):

2,209


Finances & Disclosures

Finances

Price:

$43,000

Price per Sq. Ft:

$63 per Sq. Ft.

Source:IL CIBOR
The information being provided by Central Illinois Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Central Illinois Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.