$115,000
SOLD JUL 17, 2025

512 N 15th St Mattoon, IL 61938

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

23 Days on Market

About This Home

As of July 2025

7 unit Multi-Family apartment building. Great income potential and investment opportunity!

Last Agent to Sell the Property

Toby Ferris

Century 21 KIMA Properties License #471022427 Listed on: 01/14/2025

Century 21 KIMA Properties

Last Buyer's Agent

Janice Moritz

Century 21 KIMA Properties License #475128989

Century 21 KIMA Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,534

Year Built

  • Built in 1948

Utilities

  • No Cooling
  • Water Heater

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot

Listing and Financial Details

  • The owner pays for exterior maintenance, taxes, trash collection, water
  • Assessor Parcel Number 07-1-02902-000

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $17,700
  • Net Operating Income $26,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,534

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Directions: From Dewitt Ave turn south on 15th. Apartment building of east side
  • Lot Size Acres: 0.1
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1948
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater
  • Owner Pays: Exterior Maintenance, Other, Taxes, Trash Collection, Water
  • Stories: 2

Exterior Features

  • Roof: Other
  • Waterfront: No

Utilities

  • Cooling: None
  • Water Source: Public
  • Cooling Y N: No
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Mattoon Dist. 2

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 07-1-02902-000
  • Zoning: COM

Multi Family

  • Property Net Operating Income: 26700.0
  • Number Of Units Total: 7
  • Annual Operating Expense: 17700.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4534.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2025
Closed on
Jul 17, 2025
Sold by
Neff Marilyn June
Bought by
Lawhorn Steven E and Lawhorn Margaret Irene
Seller's Agent
Toby Ferris
Century 21 KIMA Properties
Buyer's Agent
Janice Moritz
Century 21 KIMA Properties
List Price
$115,000
Sold Price
$115,000
Views
18
Current Estimated Value
$124,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,774
Avg. Annual Appreciation
23.26%
Original Mortgage
$175,000
Outstanding Balance
$174,329
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
-$49,555

Purchase Details

Closed on
Apr 25, 2024
Sold by
Charles And June Neff And Descendants Tr and Neff Marilyn June
Bought by
Neff Marilyn June
Source: Public Records

Range of Values:

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $115,000 Crites Title
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Sold $115,000 0.0% --
02/06/2025 02/06/25 Pending -- -- --
01/14/2025 01/14/25 For Sale $115,000 -- --
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 $4,882 $57,444 $1,761 $55,683
2023 $4,534 $51,289 $1,572 $49,717
2022 $4,410 $50,442 $1,546 $48,896
2021 $4,423 $46,332 $1,420 $44,912
2020 $4,374 $48,004 $1,471 $46,533
2019 $4,308 $46,332 $1,420 $44,912
2018 $4,231 $46,332 $1,420 $44,912
2017 $4,217 $46,332 $1,420 $44,912
2016 $4,127 $46,332 $1,420 $44,912
2015 $1,252 $14,230 $2,870 $11,360
2014 $1,252 $14,230 $2,870 $11,360
2013 $1,252 $14,230 $2,870 $11,360
Source: Public Records

Agents Affiliated with this Home

  • Toby Ferris

    Seller's Agent in 2025

    Toby Ferris

    Century 21 KIMA Properties

    (217) 246-8257

    159 in this area

    245 Total Sales

    Toby Ferris
    Section Image
  • Janice Moritz

    Buyer's Agent in 2025

    Janice Moritz

    Century 21 KIMA Properties

    (217) 254-7210

    119 in this area

    167 Total Sales

    Janice Moritz
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6249275

APN: 07-1-02902-000

Illinois Coles County Mattoon 61938

512 N 15th St, Mattoon, IL

Sold

MultiFamily

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