164 Park Place, Decatur, IL 62522
Local realty services provided by:Better Homes and Gardens Real Estate Service First
164 Park Place,Decatur, IL 62522
$379,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tonya feller
Office: glenda williamson realty
MLS#:6258597
Source:IL_CIBOR
Price summary
- Price:$379,000
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....
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Home facts
- Year built:1929
- Listing ID #:6258597
- Added:45 day(s) ago
- Updated:June 28, 2026 at 10:31 PM
Rooms and interior
- Kitchen Description:Dishwasher, Microwave, Range, Range Hood, Refrigerator
- Basement:Yes
- Basement Description:Finished, Full
Heating and cooling
- Cooling:Central Air, Window Units
- Heating:Hot Water, Zoned
- Central air:Yes
Structure and exterior
- Year built:1929
- Lot area:0.38 Acres
- Construction Materials:Brick
- Levels:3 Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$379,000
- Tax amount:$10,996 (2024)
Features and amenities
- Appliances:Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Fire Sprinkler System, Security System, Smoke Detectors
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