2516 Pine Ave Mattoon, IL 61938
Estimated payment $338/month
Highlights
- Living Room
- Central Air
- Family Room
- Laundry Room
- Dining Room
About This Home
High-Upside Investment Opportunity | 2BR/1BA | 2,100+ Sq Ft | 3-4BR Potential | Mattoon, IL. Attention investors and rehab buyers-this value-add opportunity is ready for its next owner. This spacious 2BR/1BA home features approximately 2,100 sq ft of living space (buyer to verify), providing a large footprint at an attractive price point with strong upside potential. The property has already been fully cleared inside and out, with eviction completed-saving significant time, cost, and effort for the next investor. The upstairs already has an existing window, making bedroom conversion straightforward. The unfinished basement provides additional usable space with a window already in place, presenting potential for a 4th bedroom (buyer to verify). The home currently has one bathroom on the main level, with existing plumbing that may support adding a second bathroom-enhancing both resale value and rental potential. With approximately 2,100 sq ft, this property is larger than many comparable homes in the area, allowing multiple exit strategies including resale or rental. Recent comparable 3-4 bedroom homes have sold in the $175,000-$210,000 range; buyer to verify comps. Interior and exterior cleanout completed. Property secured. Ready for rehab. Clear title. Fast and easy closing. Easy to show. Sold AS-IS. Quick close available. Buyer to perform all due diligence. Serious inquiries only.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,543
Year Built
- Built in 1907
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 300x100
Home Design
- Frame Construction
- Shake Roof
Interior Spaces
- 2,110 Sq Ft Home
- 1.5-Story Property
- Family Room
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Utilities
- Central Air
- Heating System Uses Natural Gas
- Septic Type Unknown
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 | $1,543 | $18,099 | $6,444 | $11,655 |
| 2023 | $1,395 | $16,160 | $5,754 | $10,406 |
| 2022 | $1,395 | $15,893 | $5,659 | $10,234 |
| 2021 | $1,399 | $14,598 | $5,198 | $9,400 |
| 2020 | $1,384 | $15,125 | $5,386 | $9,739 |
| 2019 | $1,365 | $14,621 | $1,827 | $12,794 |
| 2018 | $1,340 | $14,621 | $1,827 | $12,794 |
| 2017 | $1,336 | $14,621 | $1,827 | $12,794 |
| 2016 | $1,308 | $14,621 | $1,827 | $12,794 |
| 2015 | $1,288 | $14,621 | $1,827 | $12,794 |
| 2014 | $1,288 | $14,621 | $1,827 | $12,794 |
| 2013 | $1,288 | $14,621 | $1,827 | $12,794 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2026 05/12/26 | Price Changed | $39,000 | -7.1% | $18 / Sq Ft |
| 03/19/2026 03/19/26 | Price Changed | $42,000 | -22.6% | $20 / Sq Ft |
| 03/06/2026 03/06/26 | For Sale | $54,297 | -- | $26 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | None Listed On Document | |
| Deed | -- | None Listed On Document |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12585954
APN: 07-2-11009-000
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Ask me questions while you tour the home.