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949 W Decatur Street, 
Decatur, IL 62522

$120,000


5

Beds


2

Baths


2,116

Sq Ft


Multi-Family

Active

Listed by

Tony Piraino

Brinkoetter Realtors

217-875-0555

Last updated:

September 14, 2026, 06:09 PM

MLS#

6260726

Source:

IL CIBOR

About This Home

949 W Decatur Street

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.

Home Facts

Multi-Family

2 Baths

5 Bedrooms

Built in 1910

Subdivision & Development:

Packards Add

Price Summary

120,000

$56 per Sq. Ft.

MLS #:

6260726

Last Updated:

September 14, 2026, 06:09 PM

Added:

19 hour(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,116 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

2,116 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

9,360


Finances & Disclosures

Finances

Price:

$120,000

Price per Sq. Ft:

$56 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.