Offered at $69,900 ($39/sq ft), this 1,800 sq ft, 2-story traditional home in Decatur, Illinois, presents a value-add opportunity for an investor, historic home enthusiast, or experienced DIY buyer.
Built in 1925, the property features classic architectural character highlighted by a solid all-brick exterior and a green clay tile roof on a spacious 0.24-acre lot.
Property Snapshot
Price: $69,900 ($39/sq ft)
Location: 471 S Seigel St, Decatur, IL 62522
Beds/Baths: 3 Bedrooms / 1.5 Baths (1 Full, 1 Half)
Square Footage: 1,800 sq ft
Year Built: 1925
Lot Size: 10,454 sq ft (0.24 Acres)
Garage/Parking: Detached 1-Car Garage
Foundation: Full Unfinished Basement
School District: Decatur Public School District 61
Key Features & Character Elements
Solid Masonry Construction: Full red brick exterior with low-maintenance structural integrity compared to wood siding.
Historic Clay Tile Roof: Classic green tile roof that provides distinctive curb appeal and long-term durability when properly maintained.
Layout & Interior Space:
Main Level: Generous living room, formal dining room, large kitchen layout, den/flex room, and a half bath.
Upper Level: 3 spacious bedrooms and 1 full bath.
Basement: Full, unfinished basement housing utilities and laundry facilities.
Architectural Details: Large front windows, traditional covered front porch, and a wood-burning fireplace in the living room.
Investor & Sweat-Equity Perspective
Low Cost Basis Entry: At $39/sq ft, the low acquisition price leaves significant equity margin for cosmetic updates, kitchen/bath remodeling, and mechanical upgrades.
Specialized Restoration Scope: While masonry and tile roof assets hold substantial replacement value, prospective buyers should budget for specialized tile maintenance, window updates, and interior modernization.
Listed by: Louis Kappler 217-875-0555, Brinkoetter REALTORS®
Zillow link https://www.zillow.com/homedetails/471-S-Seigel-St-Decatur-IL-62522/84811966_zpid/