Furnished Student Housing Apartment
For Sale
$379,000
164 Park Place, Decatur, IL 62522
Four-level multifamily property with furnished bedrooms, shared amenities, kitchenettes, and on-site laundry near Millikin University.
Property SizeContact for details
Days on Market90
Property Features for 164 Park Place
General Information
Standard status
Active
Total Parking Spaces
9
Property subtype
Residential Income
Zoning
R-6
Taxes and HOA fees
Annual Taxes
$10,996
Amenities
on-site laundry
key fob entry
deck
kitchenettes
Building Details
Year Built
1929
Buildings
1
Stories
3
Units
18
Listing Agency:
Glenda Williamson Realty
(217) 875-8081
Listed By:
Tonya Feller
Source:
Shelbyrealty
Added: May 14
Changed: Aug 8
Last Checked: Aug 10 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Glenda Williamson Realty
Investment Insights
Based on property information with market context.
This four-floor apartment building contains 18 bedrooms, including 16 furnished tenant rooms with queen and/or twin beds, mattresses, and dressers. Two additional bedrooms with private full bathrooms serve as facility director quarters. The lower level includes a kitchen, laundry area, dining room, social space, and half bath, while two upper floors provide kitchenettes and resident gathering areas. The property also features key-fob entry and a large third-floor deck.
The building is within walking distance of Millikin University at 164 Park Place in Decatur, Illinois. Its layout includes three bedrooms on the first floor, eight on the second, and five on the third, along with 9 parking spaces. Tenant bathrooms total 4.5 full baths, with showers, and were remodeled within the last 3 years. The property is zoned R-6 and was built in 1929.
The building is within walking distance of Millikin University at 164 Park Place in Decatur, Illinois. Its layout includes three bedrooms on the first floor, eight on the second, and five on the third, along with 9 parking spaces. Tenant bathrooms total 4.5 full baths, with showers, and were remodeled within the last 3 years. The property is zoned R-6 and was built in 1929.
Key Highlights
- 18‑bedroom apartment building with 16 furnished tenant rooms
- Within walking distance of Millikin University
- Four floors with kitchens, kitchenettes, laundry, dining, and social areas
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 62522, IL
14,838
Population
7,215
Households
2.1
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
621
Density / Sq Mi
$51,689
Median Household Income
$36,551
Median Earnings
$783
Median Rent
$108,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-level multifamily property with furnished bedrooms, shared amenities, kitchenettes, and on-site laundry near Millikin University.
Where is this apartment building located?
The property is located at 164 Park Place Decatur, IL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 18‑bedroom apartment building with 16 furnished tenant rooms; Within walking distance of Millikin University; Four floors with kitchens, kitchenettes, laundry, dining, and social areas
