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    Mattoon, IL Apartment Buildings for Sale

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    Charleston, IL Neoga, IL Arcola, IL
    Multi-Family and Commercial Investment
    $750,000
    53,579 SF
    Multi-Family and Commercial Investment

    4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

    19-unit multi-family and commercial property with consistent gross revenue.
    • 19‑unit Multi‑Family and Commercial property investment opportunity
    • Consistent $135k gross revenue for 3 consecutive years
    • New gutters & roof installed on the apartment building in 2024 (excluding the upper level)
    • TPO layer on the commercial building (4211)
    • Attractive mix of unit types: 11 two‑bed, two‑bath units; 1 one‑bed, one‑bath unit; and 7 studio apartments
    Updated: Feb 18
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Family Investment Property
    $179,000
    2,116 SF
    Multi-Family Investment Property

    Seven rented one-bedroom units offer immediate income with recent roof replacement and partial renovation.

    300 E 2nd Street, Pana, IL 62557

    View details
    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF
    Multifamily Property with Redevelopment Potential

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    417-461 W Wood St, Decatur, IL 62522

    View details
    RETAIL
    $675,000
    11,884 SF
    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL

    View details
    Rented Multifamily with New Roof
    $179,000
    2,116 SF
    Rented Multifamily with New Roof

    Seven one-bedroom, one-bath units are currently rented, with a roof replacement completed in 2024.

    300 E 2nd Street, Pana, IL 62557

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details

    Off-Market Properties in Mattoon, IL

    Consider similar Off-Market properties in Mattoon, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1020 Wabash Ave
    Multifamily properties
    Lot: 0.16 Acres
    Value Estimation by Request

    1020 Wabash Ave, Mattoon, IL 61938

    View details

    Mattoon, IL Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Mattoon, IL on our real estate platform. These investment opportunities span a total of 53,579 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for two-family homes in Mattoon, IL start at $750,000, averaging $750,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 20K
    Population Growth (5Y) -6.4%
    Median Household Income $54,288
    College Educated 31.1%

    High-Yield Neighborhoods for Investment

    Identify Mattoon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61938 $750K

    Taxes & Financing

    Tax Rate (average for all types) 7.54%
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mattoon fall within the 100,000+ square foot range.

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