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    Property profile & analytics

    2495 Hl Ave Decatur, IL 62526-1583

    • Mobile home & RV parks
    • 17.25 lot acres
    OFF-MARKET
    Value Estimation
    $780,000
    Last Sale
    May 24, 2024
    $800,000
    Location Intelligence
    Property ID
    US28-3716449
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 2495 Hl Ave

    Lot size
    17.25 lot acres
    Zone code
    MUNICIPAL
    Property type
    Mobile home & RV parks
    APN
    04-12-04-278-001
    APU
    41204278001

    Description

    This exceptional value-add opportunity presents a 17.25-acre mobile home park in Decatur, Illinois, at 2495 N Hill Ave. The property boasts 18 pads, currently housing 8 mobile homes, generating a net operating income (NOI) of $17,813. This translates to a strong cash flow with significant upside potential. The substantial lot size offers ample room for expansion, allowing for the addition of more mobile homes to maximize rental income. Existing utilities are in place, simplifying any improvements or additions. The park's location in Decatur provides convenient access to major roadways and local amenities, catering to the demand for affordable housing in a densely populated area. This property is an ideal investment for those seeking a hands-on project with considerable growth potential. The asking price is $275,000. The property's parcel number is 04-12-04-278-001. The property is classified as Class D.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $805,000
      6.5%
      $770,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $740,000
      Geo Method
      $760,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $675,000
      Mixed-Use
      $785,000
      Hospitality
      $675,000
      Educational
      $670,000
      Residential Income
      $690,000
      Energy
      $755,000
      Income-Based Land
      $625,000
      Food Service
      $645,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9762
    Latitude
    39.8706
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,587
    $24,638
    $1,360
    $25,998
    -
    $73,921
    $4,080
    $78,001

    Comparable in this City

    • Value Estimation by Request
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      1045 Harrison Ave

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    • Value Estimation
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      3.01 Acres

      820 Mckinley Ave

      MOBILE HOME PARK, TRAILER PARK • 3.01 Acres
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    • Value Estimation by Request
      71.00 Acres

      Arbor Dr

      Farms • 71.00 Acres
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    • Value Estimation by Request
      1.50 Acres

      2645 Us 51

      Land • 1.50 Acres
      2645 Us 51, Decatur, IL 62526
      View Details
    • Value Estimation by Request

      2807 Main St

      Individual retail properties
      2807 Main St, Decatur, IL 62526
      View Details

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    2495 Hl Ave
    Decatur, IL 62526-1583
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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