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164 N Park Place

Decatur, IL 62522
  • $469,900
  • STATUS: Active
  • ON SITE: 194 Days
  • MLS #: 6230134
UPDATED: 132 min ago
$469,900
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,000
    SQFT
  • $52
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:
Area:

School Ratings & Info

School District:

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.

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© 2024 Central Illinois Board of Realtors MLS. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Glenda Williamson Realty. Data last updated: 2024-05-22T20:27:46.813.
www.glendawilliamson.com/homes/145120007
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164 N Park Place Decatur, IL 62522

  • Price: $469,900
  • Status: Active
  • On Site: 194 Days
  • Updated: 132 min ago
  • MLS #: 6230134
0
Beds
0
Baths
0
½ Baths
0.38
Acres
9,000
SQFT
$52
$/SQFT
1929
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
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.
Exterior Features

Architectural Style Other Carport Spaces 0 Carport YN No Construction Materials Brick Exterior Features Sprinkler Irrigation Foundation Details Basement Garage YN No Levels Three Or More Road Surface Type Concrete Roof Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 2587 Appliances Dryer Gas Water Heater Microwave Oven Refrigerator Washer Basement Finished Full Basement YN Yes Cooling Central Air Window Units Cooling YN Yes Fireplace Features Family Living Great Room Heating Radiant Heating YN Yes Interior Features Fireplace

Property Features

Gross Scheduled Income 58000 Lease Considered YN Yes Net Operating Income 41000 Operating Expense 17000 Owner Pays All Utilities Possession Closing Property Sub Type Multi Family Security Features Security System Fire Sprinkler System Smoke Detectors Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 7016 Tax Legal Description PARK VIEW ADD LT 43 & S 50 L 44 02 BK3231 /175 157.67 X104.5 BK2608 /323 Tax Year 2022 Water Source Public Zoning R-6

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Tonya Feller of Vieweg RE/Better Homes & Gardens Real Estate-Service First: 217-450-8500.


© 2024 Central Illinois Board of Realtors MLS. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Glenda Williamson Realty. Data last updated: 2024-05-22T20:27:46.813.
 
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Glenda Williamson Realty
333 E. Pershing Rd Suite C
Decatur IL, 62526