164 Park Place
Decatur, IL 62522 · Park View Add · MLS #6258597
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
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
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.
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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