1730 Water Street Decatur, IL 62526
Listing Courtesy of: Central Illinois Board of Realtors / Better Homes And Gardens Real Estate Service First / Cole Babcock

  1730 Water Street Decatur, IL 62526

Active (38 Days)

Description

INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE - Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!

MLS #:
6250739
Taxes
$8,430(2023)
Lot Size
0.29 acres
Type
Multifamily
Year Built
1979
School District
Decatur Dist 61
County
Macon County
Community
Whitchels Add

Listed By

Cole Babcock, Better Homes And Gardens Real Estate Service First
Source
Central Illinois Board of Realtors
Last checked Apr 3 2025 at 5:37 PM CDT
Bathroom Details
Interior Features
  • Refrigerator
  • Range Hood
  • Range
  • Oven
  • Gas Water Heater
  • Disposal
  • Cooktop
Subdivision
  • Whitchels Add
Property Features
  • Foundation: Basement
Heating and Cooling
  • Hot Water
  • Electric
  • Ductless
  • Window Unit(s)
Basement Information
  • Full
  • Finished
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 3
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Central Illinois Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/3/25 10:37