1421 Main Street, Decatur, IL


Active - Under Contract

2,152 SqFt

0.31 Acres

8 Car Garage

About 1421 Main Street

Seller now willing to offer seller financing for the 20% of purchase price lender would require! Ask your agent for details. Great investment opportunity at 11.7%+ capitalization rate w/ ~$21k annual rent and ~$14.7k+ net operating income! Unit 1 currently leased for $960/mo ($305/bedroom + $45/mo pet fee). Unit 2 currently leased for $915/mo ($305/bedroom). One block away from Millikin University, washer and dryer in both units, and nice updates make this a very attractive student rental. The house has been given an entire facelift since 2018 including new windows, new vinyl siding, new drywall, new appliances, new kitchen cabinets, and new bathroom fixtures. Each unit has its own HVAC and water heater, which seller believes were replaced around 2015. Separate exterior entrances for both units w/ separate USPS addresses. Lower unit has an additional living room and dining room, as well as basement access where the laundry is. Lots of parking in the rear! Current leases active through May and owner is actively marketing to sign new leases for 2023-2024 school year.

Facts & Features

MLS® # 6225966
Price $125,000
Cost Per Square Foot $58
Bathrooms 0.00
Total Finished Square Feet 2,152
Total Finished Above Grade 1,026
Acres 0.31
Year Built 1910
Type Single Family
Sub-Type Duplex
Style Traditional
Status Active - Under Contract
Taxes $1,387
Tax Year 2021

Community Information

Address 1421 Main Street
Subdivision Alfred A Coopers Sub
City Decatur
County Macon
State IL
Zip Code 62522


# of Garage Spaces 8
Is Waterfront No
Has Pool No


Appliances Dishwasher, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
Heating Forced Air, Gas
Cooling Central Air
Has Basement Yes
Basement Unfinished
Fireplace No
# of Stories 2
Stories Two


Roof Asphalt, Shingle
Construction Vinyl Siding

School Information

District Decatur Dist 61

Additional Information

Date Listed February 8th, 2023
Days on Market 49
Zoning MUN

Listing Details

AgentTony Piraino
OfficeBrinkoetter, Realtors

Listing Map

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