Tucked into a quiet residential pocket of Decatur, Illinois, 722 S 16th Street is a compact, efficiently laid-out 2-bedroom, 1-bathroom home that punches well above its price point. At just 700 square feet, this property has been thoughtfully maintained and partially updated — making it an ideal entry point for first-time buyers, downsizers, or investors looking to build equity in one of central Illinois's most affordable housing markets.

The seller describes this home as a "slow flip gem," and that framing says a lot. The bones are solid, the systems are working, and the updates that matter most have already been tackled. The roof is only a few years old, most of the windows have been replaced, and the central HVAC system is fully operational. You're stepping into a property where the heavy lifting has been done — all that's left is making it yours.

One of the standout features here is the oversized 2-car garage, which is a rare and genuinely valuable asset for a home in this price range. Whether you're a hobbyist, a tradesperson, or simply someone who values covered parking and real storage space, this garage adds meaningful utility and long-term value to the property.

Decatur sits at the heart of central Illinois, with Millikin University nearby and steady residential demand in its established neighborhoods. With a $2,000 down payment and $950 per month through owner financing — no traditional bank loan required — this is one of the most accessible paths to homeownership available in the local market right now.

If you've been searching for an affordable, well-maintained home in Decatur with flexible financing terms, 722 S 16th Street deserves a serious look.

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