164 N Park Place, Decatur, IL 62522
Local realty services provided by:Better Homes and Gardens Real Estate Service First
164 N Park Place,Decatur, IL 62522
$399,000
- - Beds
- - Baths
- 9,000 sq. ft.
- Multi-family
- Active
Listed by:
Tonya Feller(217) 519 - 2540Better Homes and Gardens Real Estate Service First
MLS#:6230134
Source:IL_CIBOR
Price summary
- Price:$399,000
- Price per sq. ft.:$44.33
About this home
Discover a prime investment opportunity with this multifamily property located within walking distance of Millikin University. Boasting 18-bedrooms : 16 tenant bedrooms fully furnished with queen and/or twin bed, mattress and dresser. 2 of the bedrooms with full baths used for facility director located on main floor.
4.5 tenant bathrooms-all full baths have showers and were remodeled in the last 3 years.
Spread across 4 floors , this versatile property is designed for optimal functionality .
The lower level features a spacious kitchen, laundry, dining room, social space, and a 1/2 bath, perfect for communal living and gatherings. Additionally, two of three other floors are equipped with convenient kitchenettes, adding flexibility to the living arrangements. With the convenience of on-site laundry facilities, this property ensures a hassle-free living experience for residents. The strategic location offers proximity to Millikin University, making it an attractive option for students seeking comfortable, nearby housing.
1st floor- 3 bedrooms, 1 of the bedrooms has ensuite, 1 shared full bath, separate 2 bedrooms for director quarters with each their own bathroom.. open social area and kitchenette
2nd floor -8 bedrooms 2 baths kitchenette and social gathering area
3rd floor- 5 bedrooms and large deck for outside social gathering
key fob entry access
9 parking spaces
Investors, seize the opportunity to capitalize on the growing demand for student housing in this vibrant university town.
Explore the potential for consistent rental income and long-term returns with this multifamily gem.
Don't miss out on this chance to make a wise investment in the heart of Decatur, located in the well sought after west end neighborhood.
Schedule a viewing today and unlock the doors to a promising venture in real estate.
Contact an agent
Home facts
- Year built:1929
- Listing Id #:6230134
- Added:644 day(s) ago
- Updated:July 30, 2025 at 04:43 AM
Rooms and interior
- Living area:9,000 sq. ft.
Heating and cooling
- Cooling:Central Air, Window Units
- Heating:Radiant
Structure and exterior
- Year built:1929
- Building area:9,000 sq. ft.
- Lot area:0.38 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,000
- Price per sq. ft.:$44.33
- Tax amount:$10,995 (2025)
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