164 N Park Place Decatur, IL 62522
Listing Courtesy of: Central Illinois Board of Realtors / Better Homes And Gardens Real Estate Service First / Tonya Feller

  164 N Park Place Decatur, IL 62522

Active (260 Days)


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.

MLS #:
Lot Size
0.38 acres
Year Built
School District
Decatur Dist 61
Macon County
Park View Add

Listed By

Tonya Feller, Better Homes And Gardens Real Estate Service First
Central Illinois Board of Realtors
Last checked Jul 25 2024 at 7:00 AM CDT
Bathroom Details
Interior Features
  • Dryer
  • Refrigerator
  • Washer
  • Gas Water Heater
  • Fireplace
  • Oven
  • Microwave
  • Park View Add
Property Features
  • Fireplace: Family/Living/Great Room
  • Foundation: Basement
Heating and Cooling
  • Radiant
  • Window Unit(s)
  • Central Air
Basement Information
  • Finished
  • Full
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
  • 3
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Central Illinois Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 7/25/24 00:00