$162,000
SOLD JAN 9, 2026

1900 Champaign Ave Mattoon, IL 61938

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Recently Sold

19% Below List Price

240 Days on Market

Highlights

  • Ductless Heating Or Cooling System
  • Wood Siding
  • Wall Furnace

About This Home

As of January 2026

Bring your tools. This original 8-unit apartment building is an excellent opportunity for investors looking for strong returns. With rising rental demand in our community, this property is set to deliver a high ROI, once all the units are fully updated. When fully renovated the potential annual income could easily be over $70,000. This property will cash flow for a savvy investor. The property comes with a garage for storage and an easily accessible basement for more storage. There are already many building materials purchased for this property that will go with the building. This investment property has 8 units ready for your special touch. The return on investment will be good when every unit is fully remodeled. The After Repair Value (ARV) will be $360,000. The roof has been replaced and a few units have all new electrical. There is great value in this property. Selling 2 parcels together (the building and the vacant lot next to it) 07-1-03258-000; 07-2-10035-000.

Last Agent to Sell the Property

Vance Oliver

All-American Realty License #475206492 Listed on: 03/06/2025

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,192

Year Built

  • Built in 1953

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Cellar

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, hot water, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 07-1-03258-000

Community Details

Overview

  • 8 Units
  • Original Town Subdivision

Building Details

  • Operating Expense $4,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,192

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Lot Size Acres: 0.13
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Original Town
  • Year Built: 1953
  • Road Frontage Type: City Street
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Owner Pays: Exterior Maintenance, Grounds Care, Hot Water, Repairs, Sewer, Taxes, Trash Collection, Water
  • Stories: 2

Exterior Features

  • Construction Type: Wood Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Cellar

Utilities

  • Cooling: Ductless
  • Heating: Ductless, Wall Furnace
  • 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: 5663.0
  • Parcel #: 07-1-03258-000
  • Zoning: COM

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 4800.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4192.0
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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
01/09/2026 01/09/26 Sold $162,000 -7.4% --
06/14/2025 06/14/25 Price Changed $175,000 +6.1% --
06/06/2025 06/06/25 Price Changed $165,000 -12.7% --
04/17/2025 04/17/25 Price Changed $189,000 -5.0% --
03/06/2025 03/06/25 For Sale $199,000 -- --
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

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 $4,514 $53,114 $11,861 $41,253
2023 $4,077 $47,423 $10,590 $36,833
2022 $4,077 $46,639 $10,415 $36,224
2021 $3,819 $40,004 $9,566 $30,438
2020 $3,777 $41,448 $9,911 $31,537
2019 $3,719 $40,004 $9,566 $30,438
2018 $3,653 $40,004 $9,566 $30,438
2017 $3,641 $40,004 $9,566 $30,438
2016 $3,564 $40,004 $9,566 $30,438
2015 $2,705 $30,734 $6,767 $23,967
2014 $2,705 $30,734 $6,767 $23,967
2013 $2,705 $30,734 $6,767 $23,967
Source: Public Records

Agents Affiliated with this Home

  • Vance Oliver

    Seller's Agent in 2026

    Vance Oliver

    All-American Realty

    (217) 549-9034

    25 in this area

    83 Total Sales

    Vance Oliver
    Section Image

  • N

    Buyer's Agent in 2026

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6250854

Illinois Coles County Mattoon 61938

1900 Champaign Ave, Mattoon, IL

Sold

MultiFamily

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