$1,150,000
$50K PRICE DROP

1301 Lafayette Ave Mattoon, IL 61938

Estimated payment $7,082/month

Total Views 12,963
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Contemporary Architecture
  • 8 Car Garage
  • Radiant Heating System
  • Window Unit Cooling System
  • Wood Siding
  • 4-minute walk to Lawson Park

About This Home

ADD to your portfolio with this fully leased 16-unit, 2-building property! Centrally located, within walking distance of needed amenities, this complex is very desirable for tenants - A rare offering. Make your appointment to invest in your future!

Listing Agent

Tom Bariether

Coldwell Banker Classic Real Estate License #475123061 Listed on: 01/10/2026

Coldwell Banker Classic Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,380

Year Built

  • Built in 1988

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x140

Parking

  • 8 Car Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Kitchen

  • Range
  • Microwave

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 07-1-06038-000&6037

Community Details

Overview

  • 16 Units
  • Curyeas Add Subdivision

Building Details

  • Operating Expense $49,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,380

Year Built

Built in 1988

Lot Details

0.32 Acres

Parking

8

Listing Details

  • Directions: Lafayette is ONE way East.
  • Lot Size Acres: 0.32
  • Lot Size: 100x140
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Subdivision Name: Curyeas Add
  • Year Built: 1988
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Microwave, Range, Refrigerator
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Owner Pays: Common Area Maintenance, Grounds Care, Other, Sewer, Taxes, Trash Collection, Water
  • Stories: 2

Exterior Features

  • Construction Type: Wood Siding
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Radiant
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Mattoon Dist. 2

Lot Info

  • Lot Size Sq Ft: 14000.0
  • Parcel #: 07-1-06038-000&6037
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 16
  • Annual Operating Expense: 49616.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12380.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,191 $72,846 $2,657 $70,189
2023 $5,593 $65,041 $2,372 $62,669
2022 $5,593 $63,967 $2,333 $61,634
2021 $6,912 $72,400 $2,333 $70,067
2020 $11,592 $127,190 $2,417 $124,773
2019 $11,413 $122,759 $2,333 $120,426
2018 $11,211 $122,759 $2,333 $120,426
2017 $11,175 $122,759 $2,333 $120,426
2016 $10,939 $122,759 $2,333 $120,426
2015 $7,484 $84,992 $8,080 $76,912
2014 $7,484 $84,992 $8,080 $76,912
2013 $7,484 $84,992 $8,080 $76,912
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2026 03/17/26 Price Changed $1,150,000 -4.2% --
01/10/2026 01/10/26 For Sale $1,200,000 +200.0% --
05/18/2021 05/18/21 Sold $400,000 0.0% -- View Prior Sale
03/17/2021 03/17/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $400,000 -- --
Source: Central Illinois Board of REALTORS®

Source: Central Illinois Board of REALTORS®

MLS Number: 6256653

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