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Mattoon, IL Multifamily Homes & Duplexes for Sale

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  • 321 N 16th St, Mattoon, IL 61938
    321 N 16th St, Mattoon, IL 61938
    321 N 16th St, Mattoon, IL 61938
    /23

    $39,999

    • 2,242 Sq Ft

    321 N 16th St, Mattoon, IL 61938

    You will find this fixer upper just north of the YMCA close to midtown Mattoon. Each of the 4 units are about the same size, each has 1 bedroom, bath and kitchen. There was a complete tear off and replacement of the roof in late 2024. The property still needs quite a bit of interior work so bring your tools. This 4 unit apartment house is being sold AS-IS. Take advantage of a strong rental

    John Inyart TCI Realty, LLC

    321 N 16th St, Mattoon, IL 61938
  • 1900 Champaign Ave, Mattoon, IL 61938
    1900 Champaign Ave, Mattoon, IL 61938
    1900 Champaign Ave, Mattoon, IL 61938
    /9

    $175,000

    1900 Champaign Ave, Mattoon, IL 61938

    Bring your tools. This original 8-unit apartment building is an excellent opportunity for investors looking for strong returns. With rising rental demand in our community, this property is set to deliver a high ROI, once all the units are fully updated.When fully renovated the potential annual income could easily be over $70,000. This property will cash flow for a savvy investor. The property

    Vance Oliver All-American Realty

    1900 Champaign Ave, Mattoon, IL 61938
  • 1009 S 14th St, Mattoon, IL 61938
    1009 S 14th St, Mattoon, IL 61938
    1009 S 14th St, Mattoon, IL 61938
    /8

    $92,700

    1009 S 14th St, Mattoon, IL 61938

    Investment property opportunity--- Start earning immediately with a hassle-free, fully leased property. Whether you're a seasoned investor or a newcomer to the property market, this triplex is a sound investment with a promising future. All 3 units are leased and appliances stay with the property. Don't miss out on this fantastic opportunity, give us a call!

    Jennifer Swensen Century 21 KIMA Properties

    1009 S 14th St, Mattoon, IL 61938
Illinois Mattoon

Multi-Family Homes & Duplexes for Sale in Mattoon, IL

Why Live in Mattoon

Settled on the east side of the Prairie State, Mattoon attracts buyers with a relaxed lifestyle and easy access to urban amenities. “Mattoon draws people with affordability and proximity to several major cities,” says Angelia Burgett, Mattoon Tourism and Arts Director. Established as a city in 1861, Mattoon began as a transportation hub at the junction of the Central Illinois, Terre Haute and Alton railroads. While Amtrak is the only active line, the city still takes pride in its rail roots. Today, Mattoon is home to over 16,000 residents. Top ...

Learn more about living in Mattoon

Home Trends in Mattoon, IL

On average, homes in Mattoon, IL sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Mattoon, IL over the last 12 months is $122,500, up 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$122,500
Median Single Family Sale Price
$122,500
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$71,000
Average Price Per Sq Ft
$94
Number of Homes for Sale
37
Last 12 months Home Sales
373
Months of Supply
1.20
Median List Price
$129,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home

In Mattoon, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $39,999 to $175,000, there's a range to accomodate every budget. As of June, 2025 the median home price in Mattoon is $129,000, while the average sale price is $141,095, offering insights into the local housing market. On average, multi-family homes spend 43 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Mattoon, IL.

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