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:253 day(s) ago
- Updated:November 15, 2025 at 06:13 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)
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