775 W Macon St

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Decatur Diamond in the Rough! Historic Gem, Massive Potential! Investment Ready in IL!

Historic Renovation Opportunity — Asking ONLY $31,000! 40% MARGIN!

This sprawling 5 bed, 2 bath, 3,600 sqft single-family home was built in 1905 and is located in a classic Decatur neighborhood. With its incredible size and original character, this property is a blank slate for a major renovation, with a huge upside for the right investor.

• Grand Scale — An unusually large home for the area, perfect for a high-end flip or large rental.

• Classic Bones — Original charm and historic character ready for restoration.

• High-Profit Potential — Transform this home into a showpiece and demand top dollar.

• Desirable Layout — The 5 bed/2 bath configuration is perfect for families or a multi-unit conversion.

• Solid foundation, floors and roof. No major ticket items. 

This is not a small cosmetic job; it's a full-scale project with a huge reward. Estimated rehab costs are $80,000, leading to an impressive ARV of $185,000+! This is a project for a serious investor who wants to create a legacy property. 40% margin!

Don't wait! A property of this size and potential is a rare find!

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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