2480 N Graceland Avenue
Decatur, IL, 62526
$795,000
Beds
0 Baths
0 SqFt
0.3 Acres
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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:
$795,000
MLS #:
6251587
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Rosedale Allotment
Listed Date:
Jun 20, 2025
Lot Size:
13,176 sqft / 0.30 acres (approx)
Year Built:
1974
Rosedale AllotmentDecatur Dist 61

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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

Subdivisions in Decatur

Market Summary

Current real estate data for Single Family in Decatur as of Sep 14, 2025
254
Single Family Listed
35
Avg DOM
64
Avg $ / SqFt
$172,207
Avg List Price

Property Summary

    Located in the Rosedale Allotment subdivision, 2480 N Graceland Avenue Decatur IL is a Single Family for sale in Decatur, IL, 62526. It is listed for $795,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1974. The average price per square foot for Single Family listings in Decatur is $64. The average listing price for Single Family in Decatur is $172,207.

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