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Darin Chambliss

soldbydarin@gmail.com +1(217) 304-5998

$ 379,000

Est. payment -/mo

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164 Park PL Decatur, IL 62522

9,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $42

Subdivision Park View Add

MLS Listing ID 6258597

Style Other

Year Built 1929

Annual Tax Amount $10,996

Tax Year 2024

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 Pl

Rooms

Basement Finished, Full

Interior

Heating Hot Water, Zoned

Cooling Central Air, 3+ Units, Window Unit(s)

Window Features Replacement Windows

Appliance Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Washer

Exterior

Roof Type Shingle

Street Surface Gravel

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

Listed by Glenda Williamson Realty

Darin Chambliss

Agent

+1(217) 304-5998

Darin Chambliss

164 Park PL Decatur, IL 62522

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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164 Park PL