505 S 17th St

APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Property Overview:

• Type: Single Family Home

• Size: 780 sqft

• Year Built: 1942

• Status: Recently tenant-occupied and fully operational—move-in ready

Property Highlights:

• All mechanical systems are in working order—no repairs or updates needed

• Former tenant in place until recently—proven rental functionality

• Ideal, low-maintenance rental for hands-off investors

• Currently Tenant Occupied, but will be delivered Vacant

Valuation & Pricing:

• Zestimate: $48,300

• Your Price: Just $35,000 — a substantial discount below market value

Comparables:

• 749 S 21st St, Decatur, IL 62521 | 2 Bed, 1 Bath | Sold on: 06/25/2025 | Sold for: $44,000 

• 1112 E CANTRELL STDECATUR, IL 62521 | 2 Bed, 1 Bath | Sold on: 06/17/2025 | Sold for: $55,000 

• 1320 E VANDERHOOF STDECATUR, IL 62521 | | 2 Bed, 1 Bath | Sold on: 06/17/2025 | Sold for: $55,000 

Why This Property Stands Out:

• Mechanically sound and proven tenant reliability reduce risk

• Significant equity built-in at purchase — perfect for a smart buy-and-hold strategy

  READY TO SECURE THIS PROVEN TURNKEY RENTAL?

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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