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2480 N Graceland Avenue

Decatur, IL 62526
  • $850,000
  • STATUS: Active
  • ON SITE: 100 Days
  • MLS #: 6230299
UPDATED: 62 min ago
$850,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Ratings & Info

School District:

Description

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. 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.

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© 2024 Central Illinois Board of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T07:27:48.3.
www.mainplace.us/homes/145413868
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2480 N Graceland Avenue Decatur, IL 62526

  • Price: $850,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 62 min ago
  • MLS #: 6230299
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1974
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
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. 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.
Exterior Features

Carport Spaces 0 Carport YN No Garage YN No Levels Three Or More Roof Rubber Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Electric Water Heater Cooling Central Air Cooling YN Yes

Property Features

Gross Scheduled Income 138240 Lease Considered YN Yes Operating Expense 42716 Owner Pays All Utilities Possession Closing Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 11909 Tax Legal Description ROSEDALE ALLOTMENT LTS 61-62 & N28.5 LOT 63 111 X118.7 Tax Year 2022 Water Source Public Zoning R-6

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate: 217-422-3335.


© 2024 Central Illinois Board of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T07:27:48.3.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523