NOT LISTED FOR SALE

1612 Lafayette Ave Mattoon, IL 61938

Estimated Value: $101,972 - $118,000

5 Beds
3 Baths
3,370 Sq Ft
$32/Sq Ft Est. Value

Sale Details

Date Sold: January 21, 2025

Last sale price $97,500 $29 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $774 / mo

53 Days on Market

About This Home

As of January 2025

Fantastic investment opportunity! Conveniently located near shopping and restaurants in the heart of Mattoon, this 2 story home hosts three separate units with great income potential. Both the main floor and upstairs units are 2 bedroom, 1 bath while the rear apartment offers 1 bedroom, 1 bathroom. Add this one to your portfolio today!

Last Agent to Sell the Property

Ryan Dallas

Ryan Dallas Real Estate License #475143433 Listed on: 08/16/2024

Last Buyer's Agent

Julie Willingham

Premier Realtors License #471018711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,263

Year Built

  • Built in 1907

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Oven

Utilities

  • Window Unit Cooling System
  • Gas Water Heater

Community Details

  • 3 Units
  • Operating Expense $1,750

Listing and Financial Details

  • The owner pays for gas, water
  • Assessor Parcel Number 07-1-04973-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,263

Year Built

Built in 1907

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Directions: From Charleston Ave, south on 16th, right on Lafayette Ave, property will be on the right
  • Lot Size Acres: 0.16
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1907
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Refrigerator
  • Owner Pays: Gas, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Utilities

  • Cooling: Window Unit(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Mattoon Dist. 2

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Parcel #: 07-1-04973-000
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 1750.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2263.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Jan 17, 2025
Sold by
Jenkins Jeffrey D and Jenkins Jeffrey D
Bought by
Luong Be Ro
Seller's Agent
Ryan Dallas
Ryan Dallas Real Estate
Buyer's Agent
Julie Willingham
Premier Realtors
List Price
$124,900
Sold Price
$97,500
Premium/Discount to List
-$27,400
-21.94%
Views
69
Current Estimated Value
$108,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,993
Avg. Annual Appreciation
8.85%
Original Mortgage
$96,000
Outstanding Balance
$94,582
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$13,911

Purchase Details

Listed on
Feb 27, 2018
Closed on
Jun 1, 2018
Sold by
Reporting Service Pc
Bought by
Jenkins Jeffrey D and Jenkins Jeffrey D
Seller's Agent
Janice Moritz
Century 21 Kima Properties
Buyer's Agent
Barbara Lawson
Century 21 Kima Properties
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$60,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luong Be Ro $97,500 None Listed On Document
Jenkins Jeffrey D $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luong Be Ro $96,000
Previous Owner Jenkins Jeffrey D $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2025 01/21/25 Sold $97,500 0.0% $29 / Sq Ft
01/21/2025 01/21/25 Sold $97,500 -18.7% $29 / Sq Ft View Prior Sale
10/08/2024 10/08/24 Pending -- -- --
10/08/2024 10/08/24 Pending -- -- --
09/24/2024 09/24/24 Price Changed $119,900 0.0% $36 / Sq Ft
09/24/2024 09/24/24 Price Changed $119,900 -4.0% $36 / Sq Ft
08/16/2024 08/16/24 For Sale $124,900 0.0% $37 / Sq Ft
08/08/2024 08/08/24 For Sale $124,900 +108.2% $37 / Sq Ft
06/01/2018 06/01/18 Sold $60,000 -14.2% $18 / Sq Ft View Prior Sale
04/25/2018 04/25/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $69,900 -- $21 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $2,436 $28,662 $3,183 $25,479
2023 $2,263 $25,591 $2,842 $22,749
2022 $2,201 $25,168 $2,795 $22,373
2021 $2,207 $23,117 $3,262 $19,855
2020 $2,184 $23,952 $3,380 $20,572
2019 $2,149 $23,117 $3,262 $19,855
2018 $2,112 $23,117 $3,262 $19,855
2017 $2,106 $23,117 $3,262 $19,855
2016 $2,062 $23,117 $3,262 $19,855
2015 $2,023 $23,117 $3,262 $19,855
2014 $2,023 $22,947 $3,262 $19,685
2013 $2,023 $22,947 $3,262 $19,685
Source: Public Records

Agents Affiliated with this Home

  • Ryan Dallas

    Seller's Agent in 2025

    Ryan Dallas

    Ryan Dallas Real Estate

    (217) 239-7130

    73 in this area

    2,345 Total Sales

    Ryan Dallas
    Section Image
  • Julie Willingham

    Buyer's Agent in 2025

    Julie Willingham

    Premier Realtors

    (217) 273-9039

    137 in this area

    232 Total Sales

    Julie Willingham
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

    NON MEMBER

  • Janice Moritz

    Seller's Agent in 2018

    Janice Moritz

    Century 21 Kima Properties

    (217) 254-7210

    111 in this area

    161 Total Sales

    Janice Moritz
    Section Image

  • B

    Buyer's Agent in 2018

    Barbara Lawson

    Century 21 Kima Properties

    Section Image
See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6245373

APN: 07-1-04973-000

Illinois Coles County Mattoon 61938

1612 Lafayette Ave, Mattoon, IL

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.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.