#6252323, Listing office: Beck Realtors, Inc.
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
- Appliances: Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
- Basement: Yes
- Architectural Style: Other
- Heating: Radiant
- Cooling: Central Air, Window Unit(s)
- List Price: $399,000
- Annual Tax Amount: $10,904
- Tax Year: 2023
- Directions: south on route 48 turn right on west main and right on Park Place
- Year Built: 1929
- Stories: 3
- Lot Size: 0.38 Acres
- MLS Number: 6230134
- MLS Name: CentralIL
- Office Name: Vieweg Real Estate
- Office Phone: (217) 450-8500
- Office Email: timvieweg@viewegrealestate.com
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 4:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 164 N Park Pl
The listing price of 164 N Park Pl property is $399,000.
The property 164 N Park Pl is a multi located in Decatur, Illinois, 62522.
Active Listing: 164 N Park Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 164 N Park Pl are: Franklin Grove Elementary School (GreatSchools Rating 1/10), South Shores Elementary School (GreatSchools Rating 2/10), Parsons Elementary School (GreatSchools Rating 1/10), Dennis Lab School (GreatSchools Rating 1/10), American Dreamer STEM Academy (GreatSchools Rating 2/10), Johns Hill Magnet School (GreatSchools Rating 4/10), MacArthur High School (GreatSchools Rating 1/10), Eisenhower High School (GreatSchools Rating 1/10), Mt Zion High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $10,904 (source: MLS/based on county public records data).
The year of construction for 164 N Park Pl is 1929.
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 $399,000.
Over 28 listings were sold over their listed price in June 2025 in Decatur, IL. In the same period over 34 listings were sold below the listed price and 25 listings were sold for the listed price. In June 2025 in Decatur, IL there were 1.9% more homes for sale than in May. The median list price of listings available in June 2025 was $130,000, while the average time on the real estate market was 18 days.