$23,000 · DECATUR, IL 62522
Works for flippers · Works for landlords

Available

$23,000Asking price

2 bd · 1 ba · 875 sq ft · built 1947

DECATUR, IL 62522

No contract on file

via InvestorLift Classic

1 view · listed Nov 4

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $54,000
Asking price: −$23,000
RepairsMiddle of the seller’s $5,000 – $8,000. Ours: $11,000 – $23,000: −$6,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$3,059
Profit39.7% of ARV · flippers want 10%+: $21,441
Works

Works for a flipper up to $38,000.

BEYOND HOME BUYERS

Adam Anderson

No reviews yet

Comps

Sales

Rents

ARV $54,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $29,000.

The sales behind this value are shown to members.

ARV $54,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

BEYOND HOME BUYERS

Adam Anderson

No reviews yet

Seller Description

Looking for your next fix-and-flip or rental investment in Central Illinois? This property offers an opportunity for investors looking to add value through strategic improvements and updates!

Great cash-flow or flip potential! Key major mechanical already done with a 1-year-old furnace. Functional, standard kitchen and bathroom ready for light cosmetic updates or instant rental.

Note on Basement: The previous owner successfully identified and fixed the source of moisture/septic well intrusion. Moderate residual mold remains in the basement and needs standard cleaning/remediation.

Priced accordingly for quick settlement—bring your contractors or preferred remediation team and capture instant equity!