1509 Lafayette Avenue, Mattoon, IL 61938

Mattoon
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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1891
  • Listing ID #:6255823
  • Added:246 day(s) ago
  • Updated:June 30, 2026 at 10:21 AM

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1891
  • Lot area:0.24 Acres
  • Levels:2 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Appliances:Gas Water Heater

New listings near 1509 Lafayette Avenue