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.
Property Details
Price:
$850,000
MLS #:
6251587
Status:
Active
Beds:
0
Baths:
0
Address:
2480 N Graceland Avenue
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Rosedale Allotment
City:
Decatur
Listed Date:
Apr 18, 2025
State:
IL
ZIP:
62526
Lot Size:
13,176 sqft / 0.30 acres (approx)
Year Built:
1974
See this Listing
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Schools
School District:
Decatur Dist 61
Interior
Appliances
Electric Water Heater
Cooling
Central Air
Exterior
Roof
Rubber, Shingle
Financial
Tax Year
2022
Taxes
$11,909
Map
Community
- Address2480 N Graceland Avenue Decatur IL
- SubdivisionRosedale Allotment
- CityDecatur
- CountyMacon
- Zip Code62526
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