OfferMarket

1544 E Hickory St, Decatur, IL 62526, USA

$30,000

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Property Overview

  • Lot Size: ~6,080 sq. Ft.
  • Structure: 2 Bed / 1 Bath
  • Garage: Detached
  • Condition: Livable 
  • Mechanicals: All in good working order
  • Roof: Older, but no leaks reported

Exit Strategy

  • Contract for Deed: Ideal for creating steady monthly cash flow with minimal upfront effort.
  • Light Rehab → Rental: Minor updates can position the property as a strong rental in the Decatur market.
  • With S8 renter at $500/mo


Comparables (SOLD)


2324 E Division St, Decatur, IL  Sold $84,900 10/09/2025 728
2336 E Division St, Decatur, IL  Sold $65,000 12/26/2024


Key Financials


Purchase Price: $30,000
Estimated Rehab Budget: $5,000 – $10,000 (final number depends on cosmetic updates and buyer strategy)
After-Repair Value (ARV): ~$60,000+
Projected Profit: ~$20,000 – $30,000 (plus any rental income if held or sold via Contract for Deed)


Offer Terms


Property sold As-Is
Cash or Hard Money Only
Quick Closing preferred

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