$2,275,000
$315K PRICE DROP

2505 Pine Ave Mattoon, IL 61938

Estimated payment $13,605/month

Total Views 4,658
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This is a portfolio sale that covers 13 parcels across Mattoon and Charleston with a mix of multifamily and single-family rentals. The package includes 22 multifamily units across two addresses plus 11 single-family homes ranging from duplexes to 3-, 4-, 5-, and 6-bedroom properties. All units are currently tenant-occupied and producing income, delivering an in-place 10 cap.

Listing Agent

Getty Greer

SVN | North Star License #475212188 Listed on: 08/26/2025

Co-Listing Agent

timothy leyhe

The Real Estate Firm LLC License #471022894

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,655

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 300 x 100
  • Additional Parcels

Home Design

  • Rooming House

Interior Spaces

  • 2-Story Property

Community Details

  • 13 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,655

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Rooming House/SRO
  • Stories: 2
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Other

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 300 x 100

Rental Info

  • Board Number: 22

Multi Family

  • NumberOfUnitsTotal: 13
  • Type Multi-Family: Rooming House/SRO

Tax Info

  • Tax Annual Amount: 20655
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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
11/08/2025 11/08/25 Price Changed $2,275,000 -12.2% --
08/26/2025 08/26/25 For Sale $2,590,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12459016

Midwest Real Estate Data (MRED)