2480 N Graceland Avenue, Decatur, IL
$850,000
Active
0.30 Acres
About 2480 N Graceland Avenue
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.
Facts & Features
| MLS® # | 6251587 |
|---|---|
| Price | $850,000 |
| Bathrooms | 0.00 |
| Acres | 0.30 |
| Year Built | 1974 |
| Type | Single Family |
| Sub-Type | Multi Family |
| Status | Active |
| Taxes | $11,909 |
| Tax Year | 2022 |
Community Information
| Address | 2480 N Graceland Avenue |
|---|---|
| Subdivision | Rosedale Allotment |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62526 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Electric Water Heater |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Roof | Rubber, Shingle |
|---|
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | April 18th, 2025 |
|---|---|
| Days on Market | 33 |
| Zoning | R-6 |
Listing Details
| Agent | Zane Peterson |
|---|---|
| Office | Main Place Real Estate |