#6249390, Listing Office: Main Place Real Estate
164 N Park Pl Decatur, IL 62522
Property details
About 164 N Park Pl
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.
Highlights
Summary
- MLS Number: 6230134
- MLS Name: CentralIL
- Office Name: Vieweg Real Estate
- Office Phone: (217) 450-8500
- Office Email: timvieweg@viewegrealestate.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. 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 deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$425,000
164 N Park Pl
$5,047
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $109,565 | $10,904 |
2022 | $68,602 | $7,016 |
2021 | $64,067 | $6,592 |
2020 | $43,594 | $4,635 |
2019 | $43,594 | $4,635 |
2018 | $42,330 | $4,447 |
2017 | $43,460 | $4,552 |
History based on county public records data.
Nearby schools
1
Franklin Grove Elementary School
Public District KG-6
1.9 mi
•2440 N Summit Ave
2
South Shores Elementary School
Public District KG-6
2.6 mi
•2500 S Franklin Street Rd
1
Parsons Elementary School
Public District KG-6
3.1 mi
•3591 N MacArthur Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,321. The majority of Decatur, IL residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 164 N Park Pl in Decatur, IL and zip code 62522. Features: 0 bathroom. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $425,000.
In February 2025 more than 7 listings in Decatur, IL were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 33 were sold below. In February 2025 in Decatur, IL there were 6.2% less homes for sale than in January. While the average time on the market in February 2025 was 42 days, the median list price was $125,600.