NOT LISTED FOR SALE

123 Arbor Ln Mattoon, IL 61938

-- Bed
-- Bath
2,264 Sq Ft
7,841 Sq Ft Lot

Last Sold October 04, 2024

Last sale price $185,000 $82 Per Sq Ft

9 Days on Market

Highlights

  • Attic
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 2 Car Attached Garage

About This Home

As of October 2024

Perfect for investors! This duplex in Mattoon's Lane Acres South is a fantastic income opportunity. Built in 1996, each unit offers 2 bedrooms, 1.5 baths, and a functional eat-in kitchen. Tenants enjoy single-car attached garages and small decks for outdoor relaxation. The property is well-maintained with brick, and vinyl siding, and each unit is equipped with modern appliances. With stable rental income, low maintenance costs, and a convenient location in a desirable subdivision, this is a smart addition to any portfolio. Tenants responsible for lawn care and snow removal.

Last Agent to Sell the Property

Tom Hildebrand

Coldwell Banker Classic Real Estate License #475127055 Listed on: 08/28/2024

Coldwell Banker Classic Real Estate

Last Buyer's Agent

Kirk Swensen

Century 21 KIMA Properties License #475126721

Century 21 KIMA Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,094

Year Built

  • Built in 1996

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80 x 100

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding
  • Block And Beam Construction

Interior Spaces

  • 2,264 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Range
  • Dishwasher
  • Disposal

Basement

  • Sump Pump
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 07-2-15513-000

Community Details

Overview

  • 2 Units
  • Lane Acres South Subdivision

Building Details

  • Operating Expense $4,094

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,094

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Above Grade Finished Sq Ft: 2264.0
  • Directions: West on Marshall past 36th out of town then turn North onto Briar and immediately turn right. Duplex units are on the right side just down the street.
  • Lot Size Acres: 0.18
  • Lot Size: 80 x 100
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: Lane Acres South
  • Year Built: 1996
  • Architectural Style: Duplex
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Built-In, Dishwasher, Disposal, Gas Water Heater, Range, Refrigerator
  • Has Basement: Crawl Space, Sump Pump
  • Interior Amenities: Attic, Pantry
  • Owner Pays: Taxes
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Block, Vinyl Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Mattoon Dist. 2

Lot Info

  • Lot Size Sq Ft: 7841.0
  • Parcel #: 07-2-15513-000
  • Zoning: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4094.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4094.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $185,000 -7.5% $82 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $199,900 0.0% $88 / Sq Ft
08/31/2024 08/31/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $199,900 -- $88 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tom Hildebrand

    Coldwell Banker Classic Real Estate

    (217) 345-7392

    24 in this area

    91 Total Sales

    Tom Hildebrand
    Section Image
  • Kirk Swensen

    Buyer's Agent in 2024

    Kirk Swensen

    Century 21 KIMA Properties

    (217) 273-8806

    152 in this area

    331 Total Sales

    Kirk Swensen
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6245370

Illinois Coles County Mattoon 61938

123 Arbor Ln, Mattoon, IL

Not Listed for Sale

MultiFamily

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