Illinois Colonial Revival Fixer Upper

c.1900 Five Bedroom Illinois Colonial Revival Fixer Upper $59,900

OHU50K Notes    $59,900

 

c.1900 Five Bedroom Illinois Colonial Revival Fixer Upper. This home is located in a beautiful historic tree-lined part of town. This corner lot is spacious and the interior of the home has been neatly kept.

House View featured at 1005 W Main St, Decatur, IL, 62522

Realtor Comments

Bring this spacious 2, 592 sq ft Victorian back to life! Many major updates are already done including HVAC, water heater, roof, siding, and most windows leaving the fun part of finishing and customizing to your style. With its tall ceilings, original trim, and classic layout, this property is ideal for an investor, flipper, or DIY buyer ready to add sweat equity. Tons of potential with modern mechanical already in place!

  • 5 bed
  • 2 bath
  • 2,592 square feet
  • Build date 1900

 

Back Side featured at 1005 W Main St, Decatur, IL, 62522
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

1005 W Main St, Decatur, IL 62522   $59,900

 

Porch featured at 1005 W Main St, Decatur, IL, 62522

Family History

From the 1920s to 1954, this was the home of Chester A. Morrow (1881-1970). Chester was a photographer and owner of an art store. He married Margaret DeLashmutt in 1908. After her death in 1946, he married Grace Petsinger a few months later. Neither marriages resulted in children.
Per the 1930 US census, this house was valued at $15,000, the equivalent of $291,000 today.
Porch featured at 1005 W Main St, Decatur, IL, 62522
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Utility Room featured at 1005 W Main St, Decatur, IL, 62522

Pros

  1. Low Cost of Living

    • Overall cost of living is about 20‑25% lower than the U.S. average.

    • Housing is especially affordable: median home values are significantly below national averages.

  2. Affordable Housing & Rent

    • Rent is relatively low.

    • Many homeowner units are in decent condition and less expensive than in many other parts of Illinois.

  3. Strong Industrial / Manufacturing Base

    • Decatur has major employers like ADM, Caterpillar, Primient, etc.

    • There is a multimodal transport/ logistics presence (e.g. Midwest Inland Port); good connectivity via highways and rail.

  4. Community and Amenities (on a smaller scale)

    • Decatur has parks, some family‑friendly attractions (zoo, museums), green space.

    • Public healthcare facilities are present, with hospitals like Decatur Memorial, HSHS St. Mary’s.

  5. Less Dense / Slower Pace

    • If you like avoiding big‑city congestion, Decatur offers more space and generally less traffic.

  6. Reasonable Utilities and Everyday Costs

    • Many typical service costs, groceries, etc., are below or near national averages.


Cons

  1. Employment & Income Constraints

    • Median household incomes are well below national median.

    • Unemployment is higher than the U.S. average.

    • Job market is somewhat dominated by manufacturing, agriculture, etc., which may limit options depending on your field.

  2. Crime & Safety

    • Crime rates are elevated in certain neighborhoods. Violent as well as property crime is a concern.

    • Some locals report that safety varies significantly by area.

  3. Declining Population

    • The city has seen a population decrease in recent years. That can affect everything from business vitality to school funding to real estate dynamics.

  4. Lower Income Levels & Poverty

    • Significant portion of residents live below the poverty line.

    • The disparity between cost of living and wage levels means affordability can still be a challenge even though costs are low. Amenities / Cultural Offerings Less Extensive

    • Compared to metro areas, fewer high‑end or specialized amenities, fewer options for entertainment, nightlife, etc.

    • Public transit, while present, is limited; many parts of town require a car.

  5. Aging Housing Stock & Maintenance Issues

    • A lot of housing is older; some rental units may have issues (by certain city reports).

    • Some units do not meet modern standards or need repairs.

  6. Perceived Quality / “Smell” & Environmental Concerns

    • Some residents report periodic odors (industrial), depending on wind, weather, etc. There are ongoing concerns from some about environmental impacts from industry.

Utility Room featured at 1005 W Main St, Decatur, IL, 62522

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Kitchen featured at 1005 W Main St, Decatur, IL, 62522
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Other Interiors featured at 1005 W Main St, Decatur, IL, 62522
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Other Interiors featured at 1005 W Main St, Decatur, IL, 62522
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Other Interiors featured at 1005 W Main St, Decatur, IL, 62522
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Other Interiors featured at 1005 W Main St, Decatur, IL, 62522
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Other Interiors featured at 1005 W Main St, Decatur, IL, 62522
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