$425,000

164 N Park Pl Decatur, IL 62522

$5,047
Closing credit¹
0.4 acres
Multi-Family

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

Home typeMulti Family
HeatingRadiant
StatusActive
CoolingCentral Air, Window Unit(s)
BasementYes
Lot size0.38 Acres
Year built1929
MLS #6230134

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.

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colonial-style house with a front yard

$425,000

164 N Park Pl

$5,047

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

26%
<35k
58%
35k-100k
16%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
18%
Single, with Kids
17%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
5%
12-17 yrs old
67%
18-34 yrs old
16%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • SoccerSoccer

Where do the neighbors shop?

  • Books-a-MillionBooks-a-Million
  • Family DollarFamily Dollar
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • White CastleWhite Castle
  • WingstopWingstop

What do the neighbors drive?

  • ToyotaToyota
  • ChevroletChevrolet
  • NissanNissan

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • RockRock
  • Christian Adult ContemporaryChristian Adult Contemporary
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

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