1509 Lafayette Avenue, Mattoon, IL 61938

Local realty services provided by:Better Homes and Gardens Real Estate Service First
1509 Lafayette Avenue,Mattoon, IL 61938
$85,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Townhouse
  • Pending
Listed by: jennifer swensen
Office: century 21 kima properties
MLS#:6255823
Source:IL_CIBOR

Price summary

  • Price:$85,000

About this home

Investor’s Opportunity – Updated Tri-Plex with Major Renovations Complete! This tri-plex investment property offers an incredible opportunity for income generation with three distinct units — a spacious 3-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. Each unit includes convenient washer and dryer hookups, appealing to long-term tenants and owner-occupants alike. One unit is fully finished, while the remaining two are under construction, allowing you to complete them to your own specifications and increase rental income potential. The heavy lifting has already been done — this property features a new roof, new windows, new heating and air systems, updated electrical, and new plumbing throughout. Perfect for investors looking for a project with strong upside potential, this property combines modern updates, multiple income streams, and tremendous long-term value.

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Home facts

  • Year built:1891
  • Listing ID #:6255823
  • Added:109 day(s) ago
  • Updated:February 10, 2026 at 11:08 AM

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1891
  • Lot area:0.24 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$85,000
  • Tax amount:$2,075 (2024)

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