1900 Champaign Avenue, Mattoon, IL 61938
Local realty services provided by:Better Homes and Gardens Real Estate Service First
1900 Champaign Avenue,Mattoon, IL 61938
$175,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:vance oliver
Office:all-american realty
MLS#:6250854
Source:IL_CIBOR
Price summary
- Price:$175,000
About this home
Bring your tools. This original 8-unit apartment building is an excellent opportunity for investors looking for strong returns. With rising rental demand in our community, this property is set to deliver a high ROI, once all the units are fully updated.
When fully renovated the potential annual income could easily be over $70,000. This property will cash flow for a savvy investor. The property comes with a garage for storage and an easily accessible basement for more storage.
There are already many building materials purchased for this property that will go with the building.
This investment property has 8 units ready for your special touch. The return on investment will be good when every unit is fully remodeled. The After Repair Value (ARV) will be $360,000. The roof has been replaced and a few units have all new electrical. There is great value in this property.
Selling 2 parcels together (the building and the vacant lot next to it) 07-1-03258-000; 07-2-10035-000.
Contact an agent
Home facts
- Year built:1953
- Listing ID #:6250854
- Added:208 day(s) ago
- Updated:October 01, 2025 at 03:11 PM
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1953
- Lot area:0.13 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$175,000
- Tax amount:$4,192 (2023)
New listings near 1900 Champaign Avenue
- New
$169,900Active3 beds 2 baths1,570 sq. ft.2921 Oak Avenue, Mattoon, IL 61938
MLS# 6255393Listed by: CENTURY 21 KIMA PROPERTIES - New
$124,900Active2 beds 1 baths806 sq. ft.2713 Moultrie Avenue, Mattoon, IL 61938
MLS# 6255140Listed by: ALL-AMERICAN REALTY - New
$89,900Active3 beds 1 baths1,109 sq. ft.1404 6th Street, Mattoon, IL 61938
MLS# 6255394Listed by: PREMIER REALTORS - New
$62,000Active2 beds 1 baths880 sq. ft.2808 Champaign Avenue, Mattoon, IL 61938
MLS# 6255382Listed by: CENTURY 21 KIMA PROPERTIES - New
$145,000Active3 beds 1 baths1,304 sq. ft.421 Parkview Avenue, Mattoon, IL 61938
MLS# 6255372Listed by: PREMIER REALTORS - New
$72,500Active2 beds 1 baths832 sq. ft.1021 Piatt Avenue, Mattoon, IL 61938
MLS# 6255322Listed by: CENTURY 21 KIMA PROPERTIES - New
$184,500Active3 beds 3 baths1,814 sq. ft.1701 Marshall Avenue, Mattoon, IL 61938
MLS# 6255309Listed by: KELLER WILLIAMS-TREC 
$174,000Pending3 beds 2 baths1,446 sq. ft.1604 S 9th Street, Mattoon, IL 61938
MLS# 6255301Listed by: CENTURY 21 KIMA PROPERTIES
$144,900Pending2 beds 2 baths1,007 sq. ft.3020 Oak Avenue, Mattoon, IL 61938
MLS# 6255254Listed by: MAIN PLACE REAL ESTATE
$135,900Active4 beds 2 baths1,648 sq. ft.3512 Walnut Avenue, Mattoon, IL 61938
MLS# 6255242Listed by: RE/MAX KEY ADVANTAGE
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.