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Student Housing Apartment Building
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2110 Laker Ave, Mattoon, IL 61938

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

Property SizeContact for details
Days on Market122

Property Features for 2110 Laker Ave

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1998
Listing Agency: Catalyst Property Group
Listed By: Kyle Winston · License #00252196
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:22PM

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 Catalyst Property Group

Investment Insights

Based on property information with market context.

Lake Land Living is a stabilized student housing project built in 1998. The property is positioned as an apartment-style residential income asset within Mattoon, Illinois.

The project is anchored by Lake Land Community College. The offering is described as being within walking distance of campus.

As presented, Lake Land Living is being marketed for acquisition as a stabilized student housing platform in a supply-constrained submarket.

Key Highlights

  • Stabilized student housing project in Mattoon, IL built in 1998
  • Anchored by Lake Land Community College
  • Prime location within walking distance of campus

Property Analytics

Current Use

Lake Land Living Apartment Building

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

47
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Stabilized student housing project built in 1998, anchored by Lake Land Community College in Mattoon, IL.
Where is this apartment building located?
The property is located at 2110 Laker Ave Mattoon, IL.
What are key features of this property?
This property features: Stabilized student housing project in Mattoon, IL built in 1998; Anchored by Lake Land Community College; Prime location within walking distance of campus
(913) 375-8254 Call to check price and availability
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