164 N Park Place, Decatur, IL



9,000 SqFt

0.38 Acres

About 164 N Park Place

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.

Facts & Features

MLS® # 6230134
Price $469,900
Cost Per Square Foot $52
Bathrooms 0.00
Total Finished Square Feet 9,000
Total Finished Above Grade 2,587
Acres 0.38
Year Built 1929
Type Single Family
Sub-Type Multi Family
Style Other
Status Active
Taxes $7,016
Tax Year 2022

Community Information

Address 164 N Park Place
Subdivision Park View Add
City Decatur
County Macon
State IL
Zip Code 62522


Is Waterfront No
Has Pool No


Appliances Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
Heating Radiant
Cooling Central Air, Window Unit(s)
Has Basement Yes
Basement Finished, Full
Fireplace No
Fireplaces Family/Living/Great Room
# of Stories 3
Stories Three Or More


Exterior Features Sprinkler/Irrigation
Roof Shingle
Construction Brick
Foundation Basement

School Information

District Decatur Dist 61

Additional Information

Date Listed November 9th, 2023
Days on Market 247
Zoning R-6

Listing Details

AgentTonya Feller
OfficeVieweg Real Estate

Listing Map

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