164 N Park Place

Decatur, IL 62522

About this property

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.

Features and Additional Information

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$469,900 Active
9,000 SQFT

Presented By Coldwell Banker Classic Real Estate

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Area Information

| Macon County | Park View Add

$ 469,900
This listing is play_arrow 0.0% lower than the average in the area
$ 469,900 in the area
9,000 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
9,000 SqFt in the area
$ 52 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 52 $/SqFt in the area
166 days on site
This listing is play_arrow 0.0% below the average in the area
166 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Tonya Feller
Brokerage: Vieweg Real Estate

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