$469,900 $2,523 est/mo Sourced by Back At You

164 N Park Place,Decatur, IL 62522

Decatur IL, 62522

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Description

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.

Details

MLS#6230134
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1929
Days On Site157
Listing Provided ByVieweg Real Estate | Tonya Feller

Features

SQ Feet9,000
BasementY
Story(s)3
Units18
ZoningR-6
Acreage0.38

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Learn More About This Property

StateIL
CountyMacon
CityDecatur
Zip Code62522
Community NamePark View Add
Listing VS Median (in Park View Add)
Price:
$469,900
low | high
Med:
$469,900
50% of Average
SqFt:
9,000
low | high
Med:
9,000
50% of Average
$ / SqFt:
$52
low | high
Med:
$52
50% of Average
On Site:
157
low | high
Med:
157.000000
100% of Average
Sourced by Back At You
Listing Updated: April 11, 2024 at 10:42:36 AM PDT
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