🔥🏠 Single-Family Investment Opportunity in Decatur IL 🎯📢

4 Bed x 3 Bath Available on East Wood Street, Decatur, IL 62521

Asking Price- $23,500

ARV ~ $90,000

FMR- $1,395

SQFT- 1,730

Year Built: 1900

Notes-

• Configuration: Duplex (currently functioning as single-family).
• Size: 4 beds, 3 baths, 1,730 sq. ft. on a 7,200 sq. ft. lot.
• Condition: Fair; requires window replacements, bathroom work, and general updates.
• Roof & Systems: Roof (5-6 years old); older but functional furnace.
• Utilities: One main water line, two breaker boxes.
• Occupancy: Tenant on a $500/month, month-to-month lease.
• FMR: $1,395
• Financials: Asking $23,500 (negotiable), no liens.

This 4-bedroom, 3-bathroom duplex in Decatur offers 1,730 sq. ft. of living space on a 7,200 sq. ft. lot. Currently configured as a single-family home due to tenant modifications, it is in fair condition and in need of substantial updates. The roof is relatively new at 5-6 years old, and the furnace is operational but older. Some windows are broken and need replacing, and the downstairs bathroom requires repairs. The property has two breaker boxes and a partial basement. There is one main water line serving the house, and the current tenant, paying $500/month, is on a month-to-month lease. Priced at $23,500 (negotiable), this is a cost-effective opportunity for a full renovation project. No liens are reported, ensuring a straightforward transaction.

Located in Decatur, IL, this property is a strong candidate for investors seeking a low-cost project with renovation upside. Its size and multi-unit potential allow for flexibility in future use, whether as a rental or a flip.

Don't miss out !! 📢📝🎯💰🚀

Comps-

128 N Hilton St, Decatur, IL, 62521- $90,000
1353 Parkwood Pl, Decatur, IL, 62521- $65,000
1976 E Decatur St, Decatur, IL, 62521- $107,000

Closing will be on or before 01.04.25

Please contact me directly for more questions.

Jake Zec
TruOffer
708-847-6558
jake@truoffer.co

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Disclaimer:

House is being sold as-is, and the buyer is to pay all closing costs.

$5,000 Non-Refundable earnest money to be deposited by NOON of the following day or contract will be canceled. Buyer must close with cash or a hard money loan.

The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.

Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer's responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer's responsibility and they should be diligent in determining market value.

REALTORS:

If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:

If you'd like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.

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