1414 E Johns Ave

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Single Family Opportunity in Decatur, IL

Property Details

Address: 1414 E Johns Ave, Decatur, IL 62521

Bedrooms/Baths: 4 / 2 (2 BR + 1 BA down; 2 BR + living area & 1 BA up)

Living Area: ≈ 1,250 sq ft

Lot Size: 6,700 sq ft

Year Built: Pre-1949 (county record N/A)

Foundation: Full basement

Garage: 2-car detached (tree damage; roof & door repair needed)

HVAC: Goodman furnace installed 2019

Electrical: Knob-and-tube wiring throughout

Plumbing: Updated supply lines

Occupancy: Off-market, occupied (easy to show by appointment)

Investment Overview

Asking Price: $37,000

After Repair Value (ARV): $56,000

FMR (Fair Market Rent): $1,558

Annual Taxes: $1,239

Comparable Sales

• 1344 Sedgwick St, Decatur, IL, 62521- $58,000

• 1524 E Prairie St, Decatur, IL, 62521- $46,000

• 935 E Clay St, Decatur, IL, 62521- $55,000

Property Highlights & Value-Add Points

Livable today: functional kitchen & baths; could rent immediately with minimal work

4-bed footprint rents stronger than typical 2–3 BR homes in Decatur

Full basement provides storage or finish potential

Big-ticket items handled: 2019 furnace and updated plumbing reduce upfront rehab cost

Garage fix: detached 2-car garage needs roof and door repairs for full use

Access Information

Occupied—showings by appointment only

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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