2480 N Graceland Avenue, Decatur, IL 62526
Local realty services provided by:Better Homes and Gardens Real Estate Service First
2480 N Graceland Avenue,Decatur, IL 62526
$795,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:zane peterson
Office:main place real estate
MLS#:6251587
Source:IL_CIBOR
Price summary
- Price:$795,000
About this home
Great opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals (STR VRBO AirBNB). Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with separately metered units. Numerous interior and exterior updates have been completed within the last 5 years including new roof and replacement windows. Private off-street parking. Currently self-managed by passive owner. Contact brokers for rent rolls and financial proformas.
Contact an agent
Home facts
- Year built:1974
- Listing ID #:6251587
- Added:678 day(s) ago
- Updated:September 30, 2025 at 03:13 PM
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1974
- Lot area:0.3 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$795,000
- Tax amount:$11,909 (2022)
New listings near 2480 N Graceland Avenue
- New
$74,900Active3 beds 1 baths875 sq. ft.344 W Imboden Drive, Decatur, IL 62521
MLS# 6255344Listed by: MAIN PLACE REAL ESTATE - New
$173,897Active3 beds 2 baths1,732 sq. ft.353 S Linden Avenue, Decatur, IL 62522
MLS# 6255260Listed by: RE/MAX EXECUTIVES PLUS - New
$350,000Active3 beds 3 baths2,489 sq. ft.3540 Forest Parkway, Decatur, IL 62521
MLS# 6255380Listed by: MAIN PLACE REAL ESTATE - New
$485,000Active5 beds 4 baths4,037 sq. ft.4115 Meadow Park Drive, Decatur, IL 62521
MLS# 6255047Listed by: BRINKOETTER REALTORS - New
$289,900Active4 beds 4 baths2,946 sq. ft.4643 Nicklaus Court, Decatur, IL 62526
MLS# 6255313Listed by: BRINKOETTER REALTORS - New
$55,000Active4 beds 2 baths2,168 sq. ft.712 W Main Street, Decatur, IL 62522
MLS# 6255362Listed by: MAIN PLACE REAL ESTATE - New
Listed by BHGRE$139,900Active5 beds 2 baths3,241 sq. ft.20 Whippoorwill Drive, Decatur, IL 62526
MLS# 6255343Listed by: VIEWEG RE/BETTER HOMES & GARDENS REAL ESTATE-SERVICE FIRST - New
$139,900Active2 beds 3 baths1,584 sq. ft.2626 S Forrest Green Drive, Decatur, IL 62521
MLS# 6255051Listed by: BRINKOETTER REALTORS - New
$315,000Active4 beds 3 baths2,904 sq. ft.8349 Sawyer Road, Decatur, IL 62526
MLS# 6255237Listed by: BRINKOETTER REALTORS - New
$129,900Active3 beds 2 baths1,350 sq. ft.23 La Salle Drive, Decatur, IL 62521
MLS# 6255318Listed by: BECK REALTORS, INC.
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.