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    2502 Pine Ave Mattoon, IL 61938

    For Sale
    $134,900

    Residential Income - Mattoon, IL

    Days on Market:
    45
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 2502 Pine Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    07211013000000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Architectural style
    Other

    Ryan Dallas Real Estate (217) 351-4900 [email protected]

    Listing agent Ryan Dallas (217) 351-4900 License #475143433

    Listing date Oct 24, 2025

    MLS# 12420830 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three Homes on Corner Lot

    This offering presents an opportunity for investors, featuring three homes situated on a large corner lot in downtown Mattoon. The property at 2502 Pine Ave includes 3 bedrooms and one full bathroom. The other two homes, located at 2504 Pine Ave and 121 25th Street, each contain two bedrooms and one full bathroom. Off-street parking is available. The location is half a mile from restaurants, groceries, and the Amtrak station. All three homes are rented and must be purchased together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mattoon
    County
    Coles
    State
    Illinois
    Longitude
    -88.3859713
    Latitude
    39.4822493

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    FAQs

    What type of property is this?
    Triplex - Three residential income properties on a large corner lot.
    Where is this triplex located?
    The property is located at 2502 Pine Ave Mattoon, IL.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: - Three Homes on One Large Corner Lot; - Investment Opportunity: All Homes Currently Rented; - Downtown Mattoon Location
    (217) 351-4900
    Request Owner's contact information
    2502 Pine Ave Mattoon, IL 61938
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    Mattoon, IL 61938
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2502 Pine Ave Mattoon, IL 61938
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