$1,999,000
PENDING $591K PRICE DROP

2505 Pine Ave Mattoon, IL 61938

Mattoon Area

Estimated payment $12,751/month

Total Views 13,438
-- Beds
-- Baths
-- 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 Sq Ft Lot

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: Contingent
  • SomePhotosVirtuallyStaged: No
  • Special Features: UnderContract
  • 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
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Adjusted for Inflation
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ICE

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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2026 06/07/26 Pending -- -- --
04/26/2026 04/26/26 Off Market $1,999,000 -- --
04/17/2026 04/17/26 Price Changed $1,999,000 0.0% --
04/17/2026 04/17/26 For Sale $1,999,000 -12.1% --
03/17/2026 03/17/26 Pending -- -- --
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)

APN: 07-2-11151-000

Illinois Coles County Mattoon 61938

2505 Pine 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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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Listing Agent
Getty Greer
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SVN | North Star
(217) 288-4906
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