$995,000
$205K PRICE DROP

1301 Lafayette Ave Mattoon, IL 61938

Mattoon Area

Estimated payment $6,437/month

Total Views 34,058
-- 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

  • 14,000 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,369 $80,276 $2,928 $77,348
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2026 06/01/26 Price Changed $995,000 -13.5% --
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®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $384,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $400,000 Commercial
Source: Public Records

Source: Central Illinois Board of REALTORS®

MLS Number: 6256653

APN: 07-1-06038-000

Illinois Coles County Mattoon 61938

1301 Lafayette Ave, Mattoon, IL

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Tom Bariether
Listing Agent
Tom Bariether
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Coldwell Banker Classic Real Estate
(217) 949-0896
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