$795,000
$55K PRICE DROP

2480 N Graceland Ave Decatur, IL 62526

Neighborhood Empowerment Neighborhood

Estimated payment $5,227/month

Total Views 10,594
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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 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. Currently self-managed by passive owner. Contact brokers for rent rolls and financial proformas.

Listing Agent

Zane Peterson

Main Place Real Estate License #471020044 Listed on: 04/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,909

Year Built

  • Built in 1974

Home Design

  • Shingle Roof
  • Rubber Roof

Utilities

  • Central Air
  • Electric Water Heater

Additional Features

  • 3-Story Property
  • 0.3 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 04-12-03-329-001

Community Details

Overview

  • 12 Units
  • Rosedale Allotment Subdivision

Building Details

  • Operating Expense $34,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,909

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Lot Size Acres: 0.3
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Subdivision Name: Rosedale Allotment
  • Year Built: 1974
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater
  • Owner Pays: All Utilities
  • Stories: 3

Exterior Features

  • Roof: Rubber, Shingle
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 13176.0
  • Parcel #: 04-12-03-329-001
  • Zoning: R-6

Multi Family

  • Number Of Units Total: 12
  • Annual Operating Expense: 34564.12

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11909.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $795,000 -6.5% --
04/18/2025 04/18/25 For Sale $850,000 +254.2% --
08/11/2016 08/11/16 Sold $240,000 -18.6% $27 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $294,900 -- $33 / Sq Ft
Source: Central Illinois Board of REALTORS®

Source: Central Illinois Board of REALTORS®

MLS Number: 6251587

Illinois Macon County Decatur 62526 Neighborhood Empowerment

2480 N Graceland Ave, Decatur, IL

This home is located at 2480 N Graceland Ave, Decatur, IL 62526 and is currently priced at $795,000. This property was built in 1974. 2480 N Graceland Ave is a home located in Macon County with nearby schools including Parsons Elementary School, Stephen Decatur Middle School, and Antioch Christian Academy.

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Zane Peterson
Listing Agent
Zane Peterson
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Main Place Real Estate
(217) 673-0561