2502 Pine Ave Mattoon, IL 61938
Estimated payment $1,006/month
About This Home
Three for One -- calling all investors! Featuring three homes on a large corner lot in downtown Mattoon, this is your next big opportunity. 2502 Pine Ave features 3 Bedrooms with one full bathroom. The other two homes, 2504 Pine Ave and 121 25th Street, each offer two bedrooms and one full bathroom. Off-street parking. Half a mile to restaurants, groceries, Amtrak, and more! Don't let this one get away! All three homes are rented and must be purchased together.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,937
Year Built
- Built in 1900
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Parking Included in Price
Additional Features
- Lot Dimensions are 51.5x100
- Heating System Uses Natural Gas
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,728 | $34,471 | $2,127 | $32,344 |
| 2023 | $2,728 | $30,778 | $1,899 | $28,879 |
| 2022 | $2,653 | $30,270 | $1,868 | $28,402 |
| 2021 | $2,661 | $27,804 | $1,716 | $26,088 |
| 2020 | $2,632 | $28,808 | $1,778 | $27,030 |
| 2019 | $2,592 | $27,804 | $1,716 | $26,088 |
| 2018 | $2,546 | $27,804 | $1,716 | $26,088 |
| 2017 | $1,992 | $27,804 | $1,716 | $26,088 |
| 2016 | $1,949 | $27,804 | $1,716 | $26,088 |
| 2015 | $2,045 | $25,272 | $2,110 | $23,162 |
| 2014 | $2,045 | $24,200 | $2,110 | $22,090 |
| 2013 | $2,045 | $23,220 | $2,110 | $21,110 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $139,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $75,000 | None Listed On Document | |
| Deed | $922,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $52,500 | FHA | |
| Previous Owner | $291,600 | Stand Alone Second | |
| Previous Owner | $1,708,000 | New Conventional | |
| Previous Owner | $1,708,000 | New Conventional | |
| Previous Owner | $92,200 | Seller Take Back | |
| Previous Owner | $62,000 | Credit Line Revolving |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12420830
APN: 07-2-11013-000
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