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For sale
  • $379,000

    164 N Park Pl, Decatur, IL 62522

    --beds
    0baths
    --sqft
    : Get pre-qualified
    Multi Family
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    16 days
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    289
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    12
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tonya Feller 217-875-8081,

    Glenda Williamson Realty

    Source: CIBR,MLS#: 6258597MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Hot Water, Zoned
      Cooling
      • Central Air, 3+ Units, Window Unit(s)
      Appliances
      • Included: Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Washer
      Features
      • Windows: Replacement Windows
      • Basement: Finished,Full
      Interior area
      • Total structure area: 0
      • Finished area above ground: 0

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      Lot
      • Size: 0.38 Acres
      Details
      • Parcel number: 041216254009
      • Zoning: R-6
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Basement
      • Roof: Shingle
      Condition
      • Year built: 1929

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Security System, Fire Sprinkler System, Smoke Detector(s)
      • Subdivision: Park View Add
      Location
      • Region: Decatur

      Financial & listing details

      • Tax assessed value: $113,586
      • Annual tax amount: $10,996
      • Date on market: 5/14/2026
      • Road surface type: Gravel
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/14/2026Listed for sale$379,000-5%
        Source: CIBR #6258597 Report a problem
        8/20/2025Listing removed$399,000
        Source: CIBR #6230134 Report a problem
        4/11/2025Price change$399,000-6.1%
        Source: CIBR #6230134 Report a problem
        2/6/2025Price change$425,000-4.5%
        Source: CIBR #6230134 Report a problem
        11/28/2024Price change$444,900-5.3%
        Source: CIBR #6230134 Report a problem
        11/9/2023Listed for sale$469,900+571.3%
        Source: CIBR #6230134 Report a problem
        4/1/2014Sold$70,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$10,996 +0.8%$113,586 +3.7%
        2023$10,904 +55.4%$109,565 +59.7%
        2022$7,016 +6.4%$68,602 +7.1%
        2021$6,592 -2.1%$64,067 +3.8%
        2020$6,732 +45.2%$61,704 +41.5%
        2019$4,636 +4%$43,594 +3%
        2018$4,457 -2.1%$42,330 -2.6%
        2017$4,552 -1.9%$43,460 -1%
        2016$4,639 +5.2%$43,903 +1.8%
        2015$4,408 +7.7%$43,127 +1%
        2014$4,093 -3.2%$42,700 -3.6%
        2013$4,229 -5.1%$44,304 -3%
        2012$4,457 $45,674
        2011-- $45,674 -7.8%
        2010-- $49,519
        2009-- $49,519 +10.4%
        2006-- $44,867
        2005-- $44,867

        Find assessor info on the county website

        Monthly payment

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          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 62522

          Getting around

          70 / 100
          Somewhat Walkable
          67 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Decatur Dist 61

          Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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