979 W Cerro Gordo St, Decatur, IL – Multi-family investment property with great potential.
4d8h(Jul 17, 2026 12:00 AM UTC)
$50.00 USD
Bid IncrementOnline Auction
Location:
Chicago, Illinois, USA
Preferred shipping vendors: Subject to an auto-extension of the auction end time.
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Description
| Year of Manufacture | 1920 |
| Condition | Used/See Description |
| Lot Number | 32028-6 |
Property Address: 979 W Cerro Gordo St, Decatur, IL 62522
Parcel ID: 04-12-15-103-006
Property Type: Multi-Family Residential
Lot Size: 0.14 Acres
Excellent Multi-Family Investment Opportunity in Decatur, Illinois!
Take advantage of this affordable vacant multi-family property located in the heart of Decatur, one of Central Illinois' largest cities with a population of approximately 70,000 residents. Decatur is known for its strong rental demand, major employers, educational institutions, healthcare facilities, and convenient access to highways, making it an attractive market for real estate investors.
Situated on a 0.14-acre lot, this property offers exceptional potential for investors looking to renovate, generate rental income, or resell for a profit. The location provides easy access to schools, shopping centers, parks, restaurants, and major transportation routes.
Investment Highlights
- ✅ Multi-family residential property
- ✅ Vacant – ready for your renovation plans
- ✅ 0.14-acre lot
- ✅ Strong rental market
- ✅ Estimated market rents range from $1,300 to $1,600 per month, depending on renovations, unit configuration, and market conditions.
- ✅ Excellent opportunity for long-term cash flow or fix-and-flip investors
- ✅ Convenient location near amenities and employment centers
Ownership will be transferred by Quitclaim Deed.
Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, taxes, rental potential, and local regulations before purchasing.
Don't miss this affordable investment opportunity with excellent upside potential in one of Central Illinois' most established rental markets!
Q & A
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Seller Information
Seller:
Item Location:
Account Type:
Commercial
Inspection
All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid.
By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence.
It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property. Buyers do so at their own risk.
Payment
PAYMENT
If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account.
Note:
1. Payment is due within 5 (five) business days of auction closure.
2. Any invoice $5,000 or above requires payment via wire transfer.
3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ.
Removal
***SELLER TO PREPARE DEED DIRECTLY***
Upon receipt of the payment by Govdeals, the seller will utilize the buyer's name and address information on the certificate to prepare the quit claim deed paperwork. Subsequently, the seller will submit the quit claim deed to the county for recording and send copies to the buyer. It remains the seller's responsibility to ensure the deed is recorded with the county.
Removal and Transportation Options
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Preferred Shipper
Special Instructions
Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.
Additional Information
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