$85,000
 $456 est/mo Sourced by Back At You

1509 Lafayette Avenue,Mattoon, IL 61938

Mattoon, IL 61938

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Description

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.

Details

MLS #6255823
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1891
Days On Site321
Listing Provided ByCentury 21 Kima Properties | Jennifer Swensen

Features

Story(s)2
Units3
ZoningRES
Acreage0.24

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount2075

Area Information

StateIL
CountyColes
CityMattoon
Zip Code61938
Sourced by Back At You

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Learn More About This Property

StateIL
CountyColes
CityMattoon
Zip Code61938
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $63K - $106K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1520 Lafayette Avenue Property Photo 1
$134,500
1520 Lafayette Avenue
Mattoon, IL 61938
1517 Wabash Avenue Property Photo 1
$125,000
1517 Wabash Avenue
Mattoon, IL 61938
Listing Updated: August 28, 2026 at 7:05:00 AM PDT