$39,900
$10K PRICE DROP

240 E Olive St Decatur, IL 62526

Martin Luther King Neighborhood

Estimated payment $240/month

Total Views 6,797
4 Beds
1 Bath
1,785 Sq Ft
$22 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Breakfast Area or Nook
  • Heating System Uses Gas
  • Main Floor Primary Bedroom
  • Front Porch

About This Home

Investor alert! This 4-bedroom, 1-bath property offers an incredible opportunity for anyone looking to add value with a little sweat equity. With the right vision and updates, this home can be transformed into a charming residence full of character. Whether you're a seasoned investor or a handy homeowner ready for your next project, this property has the potential to shine. Bring your tools and imagination—this one is ready for a refresh! *Being sold AS IS!* room sizes are approximate

Listing Agent

LaShawn Fields Franklin

KELLER WILLIAMS-TREC License #475202594 Listed on: 10/12/2025

KELLER WILLIAMS-TREC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $385

Year Built

  • Built in 1905

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • No Kitchen Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Front Porch
  • 4,000 Sq Ft Lot

Community Details

  • Whitchels Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-12-11-102-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$385

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1785.0
  • Lot Size Acres: 0.09
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Subdivision Name: Whitchels Add
  • Year Built: 1905
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 910.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, None
  • Has Basement: Unfinished, Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Area, Main Level Primary
  • Fireplace: No
  • Stories: 2

Exterior Features

  • Construction Type: Aluminum Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Basement
  • Patio And Porch Features: Front Porch

Utilities

  • Cooling: None
  • Heating: Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 4000.0
  • Parcel #: 04-12-11-102-016
  • Zoning: RES

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 385.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $385 $6,181 $228 $5,953
2023 $396 $5,962 $220 $5,742
2022 $406 $5,559 $389 $5,170
2021 $409 $5,192 $364 $4,828
2020 $423 $4,952 $348 $4,604
2019 $423 $4,952 $348 $4,604
2018 $556 $5,296 $164 $5,132
2017 $570 $5,437 $168 $5,269
2016 $607 $5,743 $170 $5,573
2015 $577 $5,641 $167 $5,474
2014 $539 $5,585 $165 $5,420
2013 $553 $5,795 $171 $5,624
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 For Sale $39,900 0.0% $22 / Sq Ft
11/15/2025 11/15/25 Pending -- -- --
10/21/2025 10/21/25 Price Changed $39,900 -20.0% $22 / Sq Ft
10/12/2025 10/12/25 For Sale $49,900 -- $28 / Sq Ft
Source: Central Illinois Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $7,500 None Listed On Document
Quit Claim Deed -- None Available
Source: Public Records

Source: Central Illinois Board of REALTORS®

MLS Number: 6255612

APN: 04-12-11-102-016

Illinois Macon County Decatur 62526 Martin Luther King

240 E Olive St, Decatur, IL

For Sale

Detached

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Listing Agent
LaShawn Fields Franklin
Section Image
KELLER WILLIAMS-TREC
(217) 302-8251