R-3 Quadplex with Updated
For Sale
$134,500
1520 Lafayette Avenue, Mattoon, IL 61938
Four-unit residential income property with three refreshed units and one month-to-month tenancy.
Property SizeContact for details
Days on Market37
Property Features for 1520 Lafayette Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Zoning
R-3
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,893
Building Details
Year Built
1882
Stories
2
Units
4
Listing Agency:
Sanders & Company
(217) 235-4848
Listed By:
Kristin Becker
Source:
Shelbyrealty
Added: Jul 15
Changed: Aug 13
Last Checked: Aug 19 at 2:09PM
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 Sanders & Company
Investment Insights
Based on property information with market context.
This four-unit property, built in 1882, is located at 1520 Lafayette Avenue in Mattoon. Three units have received cleaning and paint work, with updated flooring noted in units 1520, 314, and 1518. Unit 316 is occupied under a month-to-month lease, while the other three units are prepared for occupancy. The property carries R-3 zoning and offers an existing multifamily configuration for an investor seeking a residential income asset with recent unit-level improvements.
Key Highlights
- Four‑unit property built in 1882
- R‑3 zoning
- Three units cleaned and painted for occupancy
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
839
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?
Quadplex - Four-unit residential income property with three refreshed units and one month-to-month tenancy.
Where is this quadplex located?
The property is located at 1520 Lafayette Avenue Mattoon, IL.
What is the asking price?
The asking price for this property is $134,500.
What are key features of this property?
This property features: Four‑unit property built in 1882; R‑3 zoning; Three units cleaned and painted for occupancy
