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    16-Unit Apartment Buildings
    Updated: Oct 17, 2025
    16-Unit Apartment Buildings

    1301-1305 Lafayette Avenue, Mattoon, IL 61938

    $995,000
    14,000 sqft
    16‑unit apartment property across 2 buildings
    14,000 SF of total property size
    Fully leased multifamily asset
    R‑3 zoning
    Built in 1988
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 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

    Opportunities in Nearby Cities

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

    Fully Occupied Apartment Building
    Fully Occupied Apartment Building

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft 0.26 AC lot

    The building offers one-bedroom residences, a renovated apartment, and coin-operated laundry for occupants.

    View details
    Apartment Building with Coin Laundry
    Apartment Building with Coin Laundry

    300 E 2nd St, Pana, IL 62557

    $179,000
    2,116 sqft

    Fully leased residential property with renovated unit, updated roofing, and shared laundry facilities.

    View details
    Brick Apartment Building with Five Units
    Brick Apartment Building with Five Units

    209 S CENTRAL AVE, Casey, IL 62420

    Contact for pricing
    3,948 sqft

    Solid brick rental building featuring five large apartments with separate utility metering.

    View details
    9-Unit Brick Apartment Building
    9-Unit Brick Apartment Building

    107-14 N Central Ave, Casey, IL 62420

    $179,900

    Converted office improvements now accommodate a varied residential unit configuration in a brick building.

    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

    1020 Wabash Ave, Mattoon, IL 61938

    Estimated value:
    No data
    0.16 AC lot
    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 14,000 square feet of properties for sale, with an estimated market value of $995,000.

    Sale prices for two-family homes in Mattoon, IL average $995,000 — 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 $995K

    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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