OfferMarket

254 W Peoria Ave, Decatur, IL 62526, USA

$30,000

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Property Overview:

 

  • Type: Single Family Home

  • Size: 1,017 sqft

  • Bedrooms: 2

  • Bathrooms: 1

  • Lot Size: 0.130 Acres l

  • Year Built: —

  • Status: Tenant-Occupied – Income Producing

  • Assignment Price: $30,000

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Property Highlights:

 

  • Immediate income – tenant currently paying $600/month on a month-to-month lease

  • No vacancies or tenant turnover – start earning from day one

  • All major systems functional – low-maintenance property

  • Great location in North Decatur, close to schools, shopping, and public transport

  • Ideal for buy-and-hold investors looking for affordable, steady cash flow

  • Flexible tenancy – tenant can stay or vacate depending on investor’s strategy

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Condition:

 

  • Well maintained by current tenant

  • No major repairs reported

  • Light cosmetic updates optional to increase rent potential

Financial Snapshot:

  • Current Rent: $600/month

  • Annual Gross Income: $7,200

  • Purchase Price: $30,000

  • Cap Rate Estimate: 20%+ (based on current rent and minimal expenses)

  • Lease: Month-to-Month

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Investment Potential:

 

  • Below-market deal with immediate cash flow

  • Opportunity to increase rent after light improvements or upon tenant turnover

  • Perfect for investors seeking low-entry, high-yield properties in Central Illinois

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