Solid Single-Family Rehab Project in Central Decatur IL- Great Investment Opportunity Near Downtown and Major Employers

Description

Spacious Single-Family Rehab Opportunity in Central Decatur – 837 W Grand Ave, Decatur, IL 3 Bedrooms | 1 Bathroom | Prime Block | High Rent Potential Address: 837 W Grand Ave, Decatur, IL, 62522 Located just minutes from downtown, this classic Decatur single-family home offers an excellent opportunity to capitalize on the city’s steady rental demand and affordable housing market. Whether you’re an investor or first-time rehabber, this property has the bones and location for a strong return. ✨ Property Highlights: 🛏 3 Bedrooms 🛁 1 Bathroom 📍 Located on W Grand Ave near transit, retail, and city parks 🧱 Classic brick-front structure with original character 🔧 Needs full rehab – ideal for experienced renovators 🏡 Deep lot with rear yard and potential parking access 📈 Comparable Sales in Decatur, IL: 895 W Wood St – Sold for $89,900 (3 Bed / 1 Bath) 745 S Crea St – Sold for $83,500 (3 Bed / 1 Bath) 1315 N Taylor Ave – Sold for $78,000 (3 Bed / 1 Bath) 🌆 Why Decatur? Decatur is a major hub in central Illinois with a strong base of renters, revitalization efforts, and regional employers including ADM and Caterpillar. Key features include: Expanding job market and revitalized downtown Affordable housing with strong demand for rentals Access to Lake Decatur, parks, museums, and colleges Centrally located between Springfield, Champaign, and Bloomington This is a rare chance to secure a value-priced property in an upward-trending neighborhood. With the right upgrades, 837 W Grand Ave can become a top-performing rental or a profitable resale.