Property details
About 2480 N Graceland Ave
Great opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals (STR VRBO AirBNB). Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with separately metered units. Numerous interior and exterior updates have been completed within the last 5 years including new roof and replacement windows. Private off-street parking. Currently self-managed by passive owner. Contact brokers for rent rolls and financial proformas.
Highlights
Summary
- Appliances: Electric Water Heater
- Cooling: Central Air
- List Price: $795,000
- Annual Tax Amount: $12,635
- Tax Year: 2023
- Year Built: 1974
- Stories: 3
- Lot Size: 0.3 Acres
- MLS Number: 6251587
- MLS Name: CentralIL
- Office Name: Main Place Real Estate
- Office Phone: (217) 422-3335
- Office Email: zane@mainplace.us
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: 7/30/2025, 12:45:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 12, 2016 | Home Sold | $240,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $126,958 | $12,635 |
2022 | $116,446 | $11,909 |
2021 | $108,748 | $11,189 |
2020 | $103,699 | $11,027 |
2019 | $103,699 | $11,027 |
2018 | $102,002 | $10,716 |
2017 | $104,725 | $10,969 |
History based on county public records data.
Nearby schools
1
Franklin Grove Elementary School
Public District KG-6
1.1 mi
•2440 N Summit Ave
1
Parsons Elementary School
Public District KG-6
1.2 mi
•3591 N MacArthur Rd
2
South Shores Elementary School
Public District KG-6
4.1 mi
•2500 S Franklin Street 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 $26,524. The most common annual income of people living in Decatur, IL is less than $<35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
Frequently asked questions
About 2480 N Graceland Ave
The listing price of 2480 N Graceland Ave property is $795,000.
The property 2480 N Graceland Ave is a multi located in Decatur, Illinois, 62526.
Active Listing: 2480 N Graceland Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2480 N Graceland Ave are: Franklin Grove Elementary School (GreatSchools Rating 1/10), Parsons Elementary School (GreatSchools Rating 1/10), South Shores Elementary School (GreatSchools Rating 2/10), Stephen Decatur Middle School (GreatSchools Rating 1/10), Hope Academy (GreatSchools Rating 1/10), Dennis Lab School (GreatSchools Rating 1/10), MacArthur High School (GreatSchools Rating 1/10), Eisenhower High School (GreatSchools Rating 1/10), Warrensburg-Latham High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $12,635 (source: MLS/based on county public records data).
The last sale was on August 12, 2016 for $240,000 (source: MLS/tax record).
The year of construction for 2480 N Graceland Ave is 1974.
This home is located at 2480 N Graceland Ave in Decatur, IL and zip code 62526. Features: 0 bathroom. It has been listed on Rocket Homes since April 18, 2025 and is currently priced at $795,000.
In June 2025 more than 28 listings in Decatur, IL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 34 were sold below. 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.