Decatur, IL 62522,164 N Park PL
Decatur, IL 62522,164 N Park PL
Decatur, IL 62522,164 N Park PL
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$399,000
Est. payment /mo
2,587 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,587 sqft

Price per Sqft $154

Subdivision Park View Add

MLS Listing ID 6230134

Style Other

Abv Grd Liv Area 2,587

Year Built 1929

Annual Tax Amount $7,016

Tax Year 2022

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Multi Family

Property 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.

Location

State IL

County Macon

Community Park View Add

Zoning R-6

Direction south on route 48 turn right on west main and right on Park Place

Rooms

Basement Finished, Full

Interior

Interior Features Fireplace

Heating Radiant

Cooling Central Air, Window Unit(s)

Fireplaces Type Family/Living/Great Room

Appliance Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer

Exterior

Exterior Feature Sprinkler/Irrigation

Roof Type Shingle

Street Surface Concrete

Garage No

Building

Story 3

Foundation Basement

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Three Or More

Structure Type Brick

Schools

School District Decatur Dist 61

Others

Tax ID 04-12-16-254-009

Security Features Security System,Fire Sprinkler System,Smoke Detector(s)

Special Listing Condition None


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Listed by Vieweg Real Estate
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