$175,000
$24K PRICE DROP

1900 Champaign Ave Mattoon, IL 61938

Estimated payment $1,315/month

Total Views 55,376
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

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.

Listing Agent

Vance Oliver

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

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

  • 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

Map

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
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®

Source: Central Illinois Board of REALTORS®

MLS Number: 6250854

Illinois Coles County Mattoon 61938

1900 Champaign Ave, Mattoon, IL

This home is located at 1900 Champaign Ave, Mattoon, IL 61938 and is currently priced at $175,000. This property was built in 1953. 1900 Champaign Ave is a home located in Coles County with nearby schools including Mattoon High School, St Mary School, and St. John's Lutheran School.

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Vance Oliver
Listing Agent
Vance Oliver
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All-American Realty
(217) 203-8431