Excellent investment opportunity in Decatur! This 2-bedroom, 1-bath home had most of the major updates completed and is ready for finishing touches. Perfect for an investor looking to add a solid property to their portfolio or create a steady Section 8 rental.
The home features new drywall, a brand-new bathtub and vanity, fresh paint, and beautiful original wood floors. With a little more work, this property could easily be rent-ready or flipped for a great return.
Enjoy a spacious yard, solid layout, and convenient location near local amenities and public transportation.
Highlights:
- 2 Bedrooms/1 Bathroom
- Brand-new tub and vanity
- Drywall and paint work completed
- Gorgeous wood floors
- Great yard and layout
- Ideal for Section 8 or long-term rental income
- Strong rental demand area
Seller financing available!
This one won’t last long - finish it out and start cash flowing!
Sold for $26,000
$26,000
550 E Division St, Decatur, IL 62526
2beds
854sqft
SingleFamily
Built in 1915
4,000 Square Feet Lot
$-- Zestimate®
$30/sqft
$924 Estimated rent
Home value
Not available
Estimated sales range
Not available
$924/mo
Zestimate® history
Owner options
List your home for rent
$924/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$924/mo
Rent Zestimate®
Refinance and save
$157/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$157/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Fresh paintBeautiful original wood floorsSpacious yardNew drywallBrand-new bathtub and vanity
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Hardwood
- Basement: Unfinished
Interior area
- Total interior livable area: 854 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 4,000 Square Feet
Details
- Parcel number: 041211108031
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
Condition
- Year built: 1915
Community & HOA
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $30/sqft
- Tax assessed value: $1,950
- Annual tax amount: $189
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Sold | $26,000-25.7%$30/sqft |
Source: Public Record Report a problem | ||
| 11/7/2025 | Listed for sale | $34,999$41/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $189 +0.8% | $1,950 +3.7% |
| 2023 | $187 +43.9% | $1,881 +47.9% |
| 2022 | $130 +6.3% | $1,272 +7% |
| 2021 | $122 -2.2% | $1,189 +3.8% |
| 2020 | $125 +3.6% | $1,146 +1% |
| 2019 | $121 +10% | $1,135 +8.9% |
| 2018 | $110 -2% | $1,042 -2.5% |
| 2017 | $112 -1.9% | $1,069 -1% |
| 2016 | $114 +5.2% | $1,080 +1.8% |
| 2015 | $108 +7% | $1,061 +1% |
| 2014 | $101 -2.5% | $1,050 -3.6% |
| 2013 | $104 -12.8% | $1,089 -2.9% |
| 2012 | $119 | $1,122 |
| 2011 | -- | $1,122 -64.1% |
| 2010 | -- | $3,123 |
| 2009 | -- | $3,123 -5.4% |
| 2006 | -- | $3,303 |
| 2005 | -- | $3,303 |
Find assessor info on the county website
Neighborhood: 62526
Nearby homes
- $97-- bd-- ba-- sqft540 E Division St, Decatur, IL 62526Off Market
- $97-- bd-- ba-- sqft530 E Division St, Decatur, IL 62526Off Market
- $34,0002 bd1 ba1k sqft520 E Division St, Decatur, IL 62526Off Market

- $32,000-- bd1 ba983 sqft543 E Division St, Decatur, IL 62526Sold
- $319-- bd1 ba1.1k sqft512 E Division St, Decatur, IL 62526Off Market
- $6,1682 bd1 ba1.2k sqft535 E Olive St, Decatur, IL 62526Off Market
- $436-- bd1 ba812 sqft535 E Division St, Decatur, IL 62526Off Market
- $3,9292 bd1 ba1k sqft527 E Olive St, Decatur, IL 62526Off Market
Nearby schools
GreatSchools rating
- 2/10Hope AcademyGrades: K-8Distance: 0.7 mi
- 2/10Macarthur High SchoolGrades: 9-12Distance: 1.6 mi
- 2/10Eisenhower High SchoolGrades: 9-12Distance: 2.2 mi
- Illinois
- Macon County
- Decatur
- 62526
- 550 E Division St