$8,016 Closing Credit¹
#6250739, Listing Office: Vieweg RE/Better Homes & Gardens Real Estate-Service First
$850,000 List price
2480 N Graceland Ave Decatur, IL 62526
$10,000
Closing credit¹
0.3 acres
Multi-Family
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
Home typeMulti Family
StatusActive
CoolingCentral Air
Lot size0.3 Acres
Year built1974
MLS #6251587
Summary
- Appliances: Electric Water Heater
- Cooling: Central Air
- List Price: $850,000
- 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: 5/2/2025, 9:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$850,000
2480 N Graceland Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
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. Typical income of Decatur, IL residents is less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
62%
<35k
31%
35k-100k
2%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
66%
Single, No Kids
11%
Single, with Kids
17%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
23%
18-34 yrs old
33%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Family Dollar
Big Lots
Stein Mart
Where do the neighbors go to eat?
Burger King
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Buick
Kia
Cadillac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
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 $850,000.
In April 2025 more than 25 listings in Decatur, IL were sold above the asking price. During the same period more than 29 listings were sold at asking price, while more than 39 were sold below. The number of homes for sale in Decatur, IL increased by 14.2% between March and April 2025. Listings spent 25 days on the market in April 2025, and had a median list price of $125,062 during the same period.
From Rocket Homes Real Estate and based on county public records data.