164 Park Pl

Decatur, IL 62522

$379,000
Price
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Beds
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Baths
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— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
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Description

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...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.
  1. Listed by Tonya Feller • Glenda Williamson Realty
    P: (217)-519-2540 C: (217)-519-2540 tonya@glendawilliamson.com

Property Details for 164 Park Place

Architectural Style
Other
Subdivision Name
Park View Add
Has Waterfront
No
Zoning
R-6
LISTING UPDATED: 05/14/2026 05:15 PM

Property Details for 164 Park Place

StatusActive
MLS #6258597
Days on Market49
Taxes$10,996 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1929
Lot Size0.38 AC / 16,477 SF
CountyMacon County
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Location

Listing Courtesy of Glenda Williamson Realty
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Building Information for 164 Park Place

Stories3Residences18Year Built1929Building Size-Lot Size0.38 AC / 16,477 SF

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$2,805 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,889

Property Taxes

$916

HOA Dues

$0

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Property Information for 164 Park Place

Summary
Location and General Information
  • Carrier Route: C021
  • Directions: South on route 48 turn right on west main and right on Park Pl
  • Latitude: 39.84212
  • Longitude: -88.978368
Taxes and HOA
  • Parcel Number: 04-12-16-254-009
  • Tax Annual Amount: $10,996.00
  • Tax Year: 2024
School Information
  • Elementary School District: Decatur Dist 61
  • High School District: Decatur Dist 61
  • Middle Or Junior School District: Decatur Dist 61
Parking
  • Carport: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Size Units: Acres
  • Lot Size Square Feet: 16477.0
  • Road Surface Type: Gravel
Property and Assessments
  • Living Area Source: Public Records
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1929
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Brick
  • Levels: Three Or More
  • Roof: Shingle
  • Stories: 3
  • Total Stories: 3
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Washer
  • Basement: Finished, Full
  • Has Basement: Yes
  • Cooling: Central Air, Window Unit(s)
  • Has Cooling: Yes
  • Heating: Hot Water, Zoned
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Gross Scheduled Income: $58,000
  • Operating Expense: $17,000.00

Property History for 164 Park Place

DateEvent & SourcePriceAppreciation
May 14, 2026

Listed (Active)

Central Illinois Board of REALTORS #6258597

$379,000—
Sep 25, 2002

Sold

MRED #11561032

$129,000—
Aug 28, 2002

Listed (Active)

MRED #11561032

$129,000—
DateEvent & SourcePrice
05/14/2026

Listed (Active)

Central Illinois Board of REALTORS #6258597

$379,000
09/25/2002

Sold

MRED #11561032

$129,000
08/28/2002

Listed (Active)

MRED #11561032

$129,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 164 Park Place

This home is within Decatur School District 61.
Rating
School
Type
Grades
Distance
Dennis Lab School
Public - K to 8
Macarthur High School
Public - 9 to 12
American Dreamer STEM Academy
Public - K to 8
Benjamin Franklin Elementary School
Public - K to 6
Rating
School
Distance
Dennis Lab School
PublicK to 8

Macarthur High School
Public9 to 12

American Dreamer STEM Academy
PublicK to 8

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 164 Park Place, Decatur, IL 62522

164 Park Place is a multi-family home for sale in Decatur, IL 62522. This property was listed for sale on May 15, 2026 by Glenda Williamson Realty, it's currently listed at $379,000. It has been on the market for a total of 49 days and was last sold on September 25, 2002. This listing's school district is Decatur School District 61. Nearby schools include Dennis Lab School, Macarthur High School and American Dreamer STEM Academy. 164 Park Place is a 0-bed, 0-bath, multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Glenda Williamson Realty

The data relating to real estate for sale on this website 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 ©2026 Central Illinois Board of REALTORS®. All rights reserved.