Located in Decatur, Illinois — the heart of central Illinois — 1645 E Walnut St is a contractor special offering real opportunity for investors, rehabbers, and owner-occupants ready to put in the work. At 1,000 square feet with 1 bedroom and 1 bathroom, this property is priced accordingly at just $24,000, with owner financing available for $1,000 down and $295 per month — no traditional bank loan required. This home has been completely gutted, making it a true blank slate for the right buyer. The property will need plumbing, mechanical systems, and electrical work throughout. Additionally, a tree fell on the back structure, which will require assessment and repair. Buyers should plan for a full renovation scope and budget accordingly. All properties are sold as-is. That said, the upside here is hard to ignore. Decatur's real estate market continues to attract value-focused buyers precisely because acquisition costs remain low relative to the broader Illinois market. With Millikin University nearby and a steady local rental demand, fully renovated properties in Decatur's residential neighborhoods consistently find tenants and buyers. Getting into a project like this for $1,000 down is the kind of entry point that seasoned rehabbers look for. Whether you're an experienced contractor looking for your next flip, an investor expanding a Decatur rental portfolio, or a handy buyer willing to build equity from the ground up, 1645 E Walnut St deserves a serious look. The bones, the lot, and the owner-financing terms make this a compelling starting point for the right person with the right skill set and vision.