$132,000
SOLD JUN 6, 2025

1624 N Water St Decatur, IL 62526

Martin Luther King Neighborhood
-- Bed
-- Bath
2,400 Sq Ft
6,665 Sq Ft Lot

Recently Sold

$55 Per Sq Ft

6% Below List Price

7 Days on Market

About This Home

As of June 2025

Producing brick four plex, conveniently located, low maintenance makes it a great additional to any investors portfolio. Can be packaged with 1351 N Edward (brick 6 unit building). Call your favorite agent for a showing today!

Last Agent to Sell the Property

Jillian Williams

Main Place Real Estate License #475195742 Listed on: 04/25/2025

Last Buyer's Agent

Amanda Good

Mtz Realty Services License #471022248

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1971

Lot Details

  • 6,665 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, trash collection
  • Assessor Parcel Number 04-12-11-104-006

Community Details

Overview

  • 4 Units
  • Hunter Subdivision

Building Details

  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,712

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 2400.0
  • Lot Size Acres: 0.15
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Subdivision Name: Hunter
  • Year Built: 1971
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Crawl Space
  • Owner Pays: Exterior Maintenance, Trash Collection
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace

Utilities

  • Cooling: Wall Unit(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 6665.0
  • Parcel #: 04-12-11-104-006
  • Zoning: MUN

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1712.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2019
Sold by
Free Time Investments Llc
Bought by
Jj & Cc Enterprises Llc

Purchase Details

Closed on
Apr 27, 2011
Sold by
Gateway Bank Of St Louis
Bought by
Free Time Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,200
Interest Rate
6.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 23, 2008
Sold by
Giles Frederick
Bought by
Gateway Bank Of St Louis

Purchase Details

Closed on
Aug 1, 2004
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $18,500 None Available
Special Warranty Deed $52,000 None Available
Sheriffs Deed -- None Available
Deed $67,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,200 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Sold $132,000 -5.7% $55 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $140,000 -- $58 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,726 $17,834 $379 $17,455
2023 $1,712 $17,203 $366 $16,837
2022 $1,613 $15,775 $611 $15,164
2021 $1,516 $14,733 $571 $14,162
2020 $1,494 $14,050 $545 $13,505
2019 $1,494 $14,050 $545 $13,505
2018 $1,646 $15,663 $608 $15,055
2017 $1,684 $16,081 $624 $15,457
2016 $1,716 $16,245 $630 $15,615
2015 $1,631 $15,958 $619 $15,339
2014 $1,515 $15,800 $613 $15,187
2013 $1,565 $16,393 $636 $15,757
Source: Public Records

Agents Affiliated with this Home

  • Jillian Williams

    Seller's Agent in 2025

    Jillian Williams

    Main Place Real Estate

    (217) 422-3335

    3 in this area

    130 Total Sales

    Jillian Williams
    Section Image
  • Amanda Good

    Buyer's Agent in 2025

    Amanda Good

    Mtz Realty Services

    (217) 855-0887

    3 in this area

    196 Total Sales

    Amanda Good
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6251691

APN: 04-12-11-104-006

Illinois Macon County Decatur 62526 Martin Luther King

1624 N Water St, Decatur, IL

This home is located at 1624 N Water St, Decatur, IL 62526 and is currently priced at $132,000, approximately $55 per square foot. This property was built in 1971. 1624 N Water St is a home located in Macon County with nearby schools including Hope Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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