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Neighborhood Empowerment Multifamily Home for Sale

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    $795,000

    2480 N Graceland Ave, Decatur, IL 62526

    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 (STR VRBO AirBNB). Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with

    Zane Peterson Main Place Real Estate

    2480 N Graceland Ave, Decatur, IL 62526

Why Live in Neighborhood Empowerment

Neighborhood Empowerment in Decatur is divided into two sections by West Harrison Avenue, featuring a mix of early 1900s bungalows and worker's cottages in the southern half, and 1950s ranch-style homes and Cape Cods in the northern half. The southern section has more rental units and homes priced between $40,000 and $55,000, while the northern section, favored by young families and first-time homebuyers, has homes ranging from $50,000 to $105,000. The neighborhood's proximity to Decatur Memorial Hospital makes it a popular choice for hospital workers, contributing to quick home sales. Garfield Park and Monroe Park, both undergoing renovations, provide playgrounds, basketball courts, and baseball backstops. The Poage Arts & Recreation Center offers arts, dance, music, and theater classes. Dining options nearby include Tandoori Express and Krekel's West, known for its burgers and ice cream. For groceries, residents frequent Save A Lot or head to East Pershing Road for more options. Public transportation is accessible with buses running along North Monroe Street and Route 48. The neighborhood is safer than the national average, adding to its appeal.

Home Trends in Neighborhood Empowerment, IL

Housing Trends

Median Sale Price
$426,450
Median Single Family Sale Price
$314,900
Median 2 Bedroom Sale Price
$374,900
Average Price Per Sq Ft
$347
Number of Homes for Sale
0
Last 12 months Home Sales
18
Months of Supply
0.00
Median List Price
$439,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-3%
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