Home For Sale In Decatur, Illinois

house for sale

Listed: 02/11/24

1929 W Division St, Decatur, Illinois, 62526

2 Bed:

1 Bath:

840 Sq Ft Living Area:

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Price

$ 300,000

Price: Increased

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About This House

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.

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Houses for sale in Decatur

Original listing

Decatur Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$83,059 (+31.1%)
May 2024	$63,355 (+21.4%)
Apr 2024	$52,185 (0%)
Mar 2024	$52,185 (0%)
Feb 2024	$52,185 (0%)
Jan 2024	$52,185 (0%)

In June 2024, the asking price for 2 bed houses for sale in/near Decatur, United States averaged $83,059, an increase of 31.1% from the previous month.

Median price trends for properties for sale in Decatur, United States as of June 2024.

Household Income

Median household income: $41,977

Number of households: 31,028

The average household income in Decatur, IL grew from $40,777 to $41,977 in the past year. This data is an estimate based upon 31,028 households in Decatur, IL.
The chart below presents how household income is distributed in Decatur, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Decatur, IL compared to median property taxes around the country. The prevalent amount of property taxes in Decatur, IL equals $3k+ , which is less than the national average.