2516 Pine Avenue, Mattoon, IL 61938
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2516 Pine Avenue,Mattoon, IL 61938
$42,000
- 2 Beds
- 1 Baths
- 2,110 sq. ft.
- Single family
- Active
Listed by: misael chacon
Office: beycome brokerage realty llc.
MLS#:12585954
Source:MLSNI
Price summary
- Price:$42,000
- Price per sq. ft.:$19.91
About this home
High-Upside Investment Opportunity | 2BR/1BA | 2,100+ Sq Ft | Mattoon, IL Attention investors and rehab buyers this is the value-add deal you have been looking for. This generously sized 2BR/1BA home delivers over 2,100 sq ft of living space in Mattoon, IL, presenting a rare chance to acquire a large footprint at an attractive price point with significant upside potential. The property has already been fully cleared inside and out saving the next owner thousands in clean-out costs and weeks of prep time. You come in ready to update, not clean. The flexible upstairs room features a generous layout with ample space to build a closet and already has a window making it a straightforward and cost effective conversion to a true 3rd bedroom with minimal additional work required. At 2,100+ sq ft, this home is larger than most comparable properties in the area, giving you more to work with and more value to unlock upon completion. The basement presents an additional value-add opportunity with ample space, the ability to build a closet, and an existing window already in place, it has the key structural elements needed to potentially be converted into a 4th bedroom, further maximizing the home's income potential and resale value. Buyers are encouraged to verify local code requirements and feasibility prior to purchase. The home currently has 1 bathroom located on the first floor with existing plumbing already in place providing a strong foundation for a potential 2nd bathroom addition, which could significantly increase both the resale value and appeal of the finished property. Buyers are encouraged to verify feasibility and local code requirements prior to purchase. The Mattoon market is strong with consistent demand for renovated single family homes. Comparable 3BR properties in the area have recently demonstrated strong resale values ranging from $175,000 to $210,000. Supporting market data including comparable sales and area research is available upon request. Sold AS-IS. Quick close available. Serious inquiries only this one won't last....
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Home facts
- Year built:1907
- Listing ID #:12585954
- Updated:April 24, 2026 at 10:52 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:6
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:2,110 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Shake
- Year built:1907
- Building area:2,110 sq. ft.
- Lot area:0.07 Acres
- Levels:1.5 Story
Utilities
- Water:Public
Finances and disclosures
- Price:$42,000
- Price per sq. ft.:$19.91
- Tax amount:$1,543 (2024)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 2516 Pine Avenue
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