1544 E Hickory St

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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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Resources:

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