$185,000
SOLD OCT 4, 2024

123 Arbor Ln Mattoon, IL 61938

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

Recently Sold

$82 Per Sq Ft

7% Below List Price

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:

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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
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

    86 Total Sales

    Tom Hildebrand
    Section Image
  • Kirk Swensen

    Buyer's Agent in 2024

    Kirk Swensen

    Century 21 KIMA Properties

    (217) 273-8806

    339 Total Sales

    Kirk Swensen
    Section Image
See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6245370

Illinois Coles County Mattoon 61938

123 Arbor Ln, Mattoon, IL

This home is located at 123 Arbor Ln, Mattoon, IL 61938 and is currently priced at $185,000, approximately $81 per square foot. This property was built in 1996. 123 Arbor Ln is a home located in Coles County with nearby schools including Mattoon High School and St Mary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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