164 Park Place

Decatur, IL 62522 · Park View Add · MLS #6258597

$379,000
Listed 123 days ago
Save
Sq Ft
9,000
Acres
0.38
Type
ResidentialIncome
Status
Active

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

DryerDishwasherGas Water HeaterMicrowaveRangeRefrigeratorRange HoodWasherReplacement WindowsCentral AirThree Or More UnitsWindow Units

Property Details

Price
$379,000
MLS #
6258597
Status
Active
Type
ResidentialIncome
Subtype
Multi Family
Subdivision
Park View Add
Listed Date
May 14, 2026
Total Sq Ft
9,000
Lot Size
16,477 sqft / 0.38 acres
Year Built
1929
County
Macon
Zoning
R-6
Parcel Number
04-12-16-254-009

Interior

Above Grade Finished Area
0
Appliances
Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Washer
Basement
Finished, Full
Cooling
Central Air, Three Or More Units, Window Units
Heating
Hot Water, Zoned
Levels
Three Or More

Exterior

Architectural Style
Other
Construction Materials
Brick
Foundation
Basement
Garage
No
Roof
Shingle
Stories
3
Road Surface
Gravel
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$2,934/mo
$2,017 principal & interest$916 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2024
Taxes
$10,996

Schools

School District
Decatur Dist 61

Market Summary

Current real estate data for ResidentialIncome in Decatur as of Sep 14, 2026, from all participating CIBR offices.

ResidentialIncome Listed
6
Avg Days on Market
142
Avg List Price
$1,048,133

Location

See this listing

Ask a question or request a tour of 164 Park Place. We'll get right back to you.

Listed by Glenda Williamson Realty · (217) 875-8081. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).