12 days on rocket

164 N Park Pl, Decatur, IL, 62522

$444,900

Home List Price

$5,283*

Closing Credit

0 Baths
Multi

Location

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164 N Park Pl, Decatur$444,900

Buyer Closing Credits

$5,283*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1929
HeatingRadiant
CoolingCentral Air, Window Unit(s)
BasementYes
MLS #6230134
Lot Size0.38 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1929
  • Stories: 3

Listing Office:

  • Office Name: Vieweg Real Estate
  • Office Phone: (217) 450-8500

Interior Features

Interior Information:

  • Appliances: Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.38 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: south on route 48 turn right on west main and right on Park Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $444,900

Tax Information:

  • Annual Amount: $4,636
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Decatur, IL.

Med. Sold Price

$123K

Med. Price/SqFt

$72

Avg. Days On Market

40

# of Sold Homes

89

164 N Park Pl vs Decatur

12 DAYS ON ROCKET

-28 Days

$444,900

+$321.8K More

KEY TAKEAWAY

This property is $321.8K more than the Median Sold Price in Decatur, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CentralIL
  • MLS Number: #6230134

Listing Office:

  • Office Name: Vieweg Real Estate
  • Office Phone: (217) 450-8500

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© 2024 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: 12/4/2024, 1:15:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,636$43,594
2019$4,636$43,594
2018$4,447$42,330
2017$4,552$43,460

History based on county public records data.

Payment Calculator

$2,288

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,400

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-22282
1
/10
  • Franklin Grove Elementary School

  • 2440 N Summit Ave

  • 1.88 miles

  • Public District Grades KG-6

school-card-donut-22283
2
/10
  • South Shores Elementary School

  • 2500 S Franklin Street Rd

  • 2.61 miles

  • Public District Grades KG-6

school-card-donut-22284
1
/10
  • Parsons Elementary School

  • 3591 N MacArthur Rd

  • 3.13 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,321. Typical income of Decatur, IL residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesIllinoisMacon CountyDecatur62522164 N Park Pl

This home is located at 164 N Park Pl in Decatur, IL and zip code 62522. This home, which was built in 1929, sits on a 0.38 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $444,900.

While more than 25 listings in Decatur, IL in November 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 48 were sold below. The inventory of homes for sale in Decatur, IL between October 2024 and November 2024 decreased by 7.3%. Listings spent 40 days on the market in November 2024, and had a median list price of $123,004 during the same period.

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

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