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For sale
  • Price cut: $26K (4/11)
    $399,000

    164 N Park Pl, Decatur, IL 62522

    --beds
    0baths
    9,000sqft
    : 
    Multi Family
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $44/sqft
    $-- HOA

    What's special

    Social spaceSpacious kitchenDining roomOn-site laundry facilities
    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.
    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#: 6230134MLS LogoOriginating MLS: Central Illinois Board Of REALTORS
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    Next available tour time:Today at 11:30am

    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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