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$795,000

2480 N Graceland Ave Decatur, IL 62526

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: $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

DateEventPrice
Aug 12, 2016
Home Sold
$240,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

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.

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?

  • UFCUFC
  • NHRA Drag RacingNHRA Drag Racing
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Golden CorralGolden Corral
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • BuickBuick
  • KiaKia
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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.

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

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