NOT LISTED FOR SALE

2904 Dewitt Ave Mattoon, IL 61938

Estimated Value: $94,000 - $103,246

3 Beds
2 Baths
1,400 Sq Ft
$71/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $78,000 $56 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $704/month

32 Days on Market

About This Home

As of December 2023

Video Tour Link --> https://youtu.be/tqXz5TpEeik Welcome to this fantastic income-producing duplex in the charming town of Mattoon! This property is a smart investment opportunity, featuring a 2-bedroom unit on the lower level that is currently leased and generating income. The upstairs 1-bedroom unit is ready for a new tenant, offering you the flexibility to choose your ideal occupant.

One of the standout features of this property is the spacious, fenced-in backyard, providing a secure and private space for outdoor activities and relaxation. This is a valuable amenity that both tenants can enjoy.

Schedule a showing today and explore the potential of this duplex as your next investment property.

Last Agent to Sell the Property

Brian Ellermets

Century 21 KIMA Properties License #475195813 Listed on: 10/25/2023

Century 21 KIMA Properties

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,981

Year Built

  • Built in 1925

Lot Details

  • 0.32 Acre Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, repairs, taxes, trash collection, water
  • Assessor Parcel Number 07-2-09094-000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $2,040
  • Net Operating Income $10,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,981

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Lot Size Acres: 0.32
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1925
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Unfinished, Full
  • Basement YN: Yes
  • Owner Pays: Exterior Maintenance, Grounds Care, Repairs, Taxes, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Asphalt
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air, Gas
  • 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: 14000.0
  • Parcel #: 07-2-09094-000
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 10920.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2040.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1981.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Dec 22, 2023
Sold by
Brewster Kevin Lynn and Brewster James
Bought by
Matheis Jonathan Michael
Seller's Agent
Brian Ellermets
Century 21 KIMA Properties
Buyer's Agent
Non Member
Central Illinois Board of REALTORS
List Price
$94,900
Sold Price
$78,000
Premium/Discount to List
-$16,900
-17.81%
Views
66
Current Estimated Value
$98,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,812
Avg. Annual Appreciation
12.97%
Original Mortgage
$160,000
Outstanding Balance
$150,024
Interest Rate
8.5%
Mortgage Type
New Conventional
Estimated Equity
-$51,212

Purchase Details

Closed on
Feb 22, 2010
Sold by
Brewster Donna M
Bought by
Brewster Kevin Lynn and Brewster Darwin Lydell
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Matheis Jonathan Michael $78,000 Crites Title
Brewster Kevin Lynn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matheis Jonathan Michael $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2023 12/22/23 Sold $78,000 -8.1% $56 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $84,900 -10.5% $61 / Sq Ft
10/25/2023 10/25/23 For Sale $94,900 -- $68 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $2,192 $25,663 $4,959 $20,704
2023 $2,036 $22,914 $4,428 $18,486
2022 $1,981 $22,536 $4,355 $18,181
2021 $1,987 $20,700 $4,000 $16,700
2020 $1,965 $21,447 $4,144 $17,303
2019 $1,935 $20,700 $4,000 $16,700
2018 $1,901 $20,700 $4,000 $16,700
2017 $1,895 $20,700 $4,000 $16,700
2016 $1,855 $20,700 $4,000 $16,700
2015 $1,862 $20,700 $4,000 $16,700
2014 $1,862 $20,700 $4,000 $16,700
2013 $1,862 $20,700 $4,000 $16,700
Source: Public Records

Agents Affiliated with this Home

  • Brian Ellermets

    Seller's Agent in 2023

    Brian Ellermets

    Century 21 KIMA Properties

    (217) 474-0954

    59 in this area

    198 Total Sales

    Brian Ellermets
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6229915

APN: 07-2-09094-000

Illinois Coles County Mattoon 61938

2904 Dewitt Ave, Mattoon, IL

Not Listed for Sale

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