16-Unit Apartment
For Sale
$995,000
1301/1305 Lafayette Avenue, Mattoon, IL 61938
Two-building apartment property with all units leased and R-3 zoning.
Property SizeContact for details
Days on Market212
Property Features for 1301/1305 Lafayette Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Zoning
R-3
Occupancy
100%
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$12,380
Building Details
Year Built
1988
Buildings
2
Stories
2
Units
16
Listing Agency:
Coldwell Banker Classic Real Estate
(217) 258-4663
Listed By:
Tom Bariether
Source:
Shelbyrealty
Added: Jan 10
Changed: Aug 7
Last Checked: Aug 9 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Classic Real Estate
Investment Insights
Based on property information with market context.
This apartment property includes 16 units across two buildings constructed in 1988. The property is fully leased and carries R-3 zoning, providing a defined residential use framework.
Located at 1301/1305 Lafayette Avenue in Mattoon, Illinois, the complex is within walking distance of amenities. The offering combines an established apartment configuration with existing occupancy across both buildings.
Located at 1301/1305 Lafayette Avenue in Mattoon, Illinois, the complex is within walking distance of amenities. The offering combines an established apartment configuration with existing occupancy across both buildings.
Key Highlights
- 16‑unit apartment property
- Two‑building configuration
- Fully leased
Property Analytics
Current Use
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 61938, IL
20,768
Population
10,299
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
126.5 sq mi
ZIP Area
164
Density / Sq Mi
$54,288
Median Household Income
$39,651
Median Earnings
$771
Median Rent
$109,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with all units leased and R-3 zoning.
Where is this apartment building located?
The property is located at 1301/1305 Lafayette Avenue Mattoon, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 16‑unit apartment property; Two‑building configuration; Fully leased
