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.
For sale
Price cut: $26K (4/11)
$399,000
164 N Park Pl, Decatur, IL 62522
--beds
0baths
9,000sqft
Est.:
Multi Family
Built in 1929
-- sqft lot
$-- Zestimate®
$44/sqft
$-- HOA
What's special
Social spaceSpacious kitchenDining roomOn-site laundry facilities
- 534 days
- on Zillow |
- 403 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: April 11, 2025 at 12:17pm
Listed by:
Tonya Feller 217-450-8500,
Vieweg RE/Better Homes & Gardens Real Estate-Service First
Source: CIBR,MLS#: 6230134
Originating MLS: Central Illinois Board Of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Radiant
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
Features
- Fireplace
- Basement: Finished,Full
- Fireplace features: Family/Living/Great Room
Interior area
- Total structure area: 9,000
- Total interior livable area: 9,000 sqft
- Finished area above ground: 2,587
Property
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Sprinkler/Irrigation
Lot
- Size: 0.38 Acres
Details
- Parcel number: 041216254009
- Zoning: R-6
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
- Roof: Shingle
Condition
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Security System, Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Park View Add
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $44/sqft
- Tax assessed value: $109,565
- Annual tax amount: $7,016
- Date on market: 11/8/2023
- Road surface type: Concrete
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