Mattoon, IL Apartment buildings for sale

Updated: Feb 18

Multi-Family and Commercial Investment

4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

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53,579 sqft

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

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Updated: Jan 10

16-Unit Apartment Property

1301/1305 Lafayette Avenue, Mattoon, IL 61938

$995,000

16‑unit apartment property
Two‑building configuration
Fully leased
Constructed in 1988
R‑3 zoning

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Student Housing Apartment Building

2110 Laker Ave, Mattoon, IL 61938

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Stabilized student housing project built in 1998, anchored by Lake Land Community College in Mattoon, IL.

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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 12 Potential Opportunities for your consideration. Besides 3 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.

Brick Apartment Building with Five Units

209 S CENTRAL AVE, Casey, IL 62420

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3,948 sqft

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

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Apartment Building with Separate Utility Meters

209 S Central Avenue, Casey, IL 62420

$139,999

Five apartments with separate electric, water, and gas meters, built in 1970.

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Student Housing Community Opportunity

965 4th St, Charleston, IL 61920

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Three neighboring student housing communities near Eastern Illinois University.

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Apartment Building with 56 Units

117 W Polk Ave, Charleston, IL 61920

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For sale, 56-unit apartment property in Charleston, Illinois.

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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.

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$650,000

1.33 AC lot

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

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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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.

Multifamily properties

1020 Wabash Ave, Mattoon, IL 61938

Value Estimation by Request

0.16 AC lot

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Mattoon, IL Apartment Buildings Market Trends and Statistics

Explore 4 apartment buildings for sale in Mattoon, IL, showcased through 3 active listings 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 $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.