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.
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Home facts
- Year built:1974
- Listing Id #:6251587
- Added:632 day(s) ago
- Updated:July 14, 2025 at 03:18 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)
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