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    Mattoon, IL
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    Mattoon, IL Multifamily Properties for Sale

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    16-Unit Apartment Buildings
    Updated: Nov 9, 2025
    16-Unit Apartment Buildings

    1301-1305 Lafayette Avenue, Mattoon, IL 61938

    $995,000
    14,000 sqft
    16‑unit apartment property across 2 buildings
    14,000 SF of total property size
    Fully leased multifamily asset
    R‑3 zoning
    Built in 1988
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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 7 Potential Opportunities for your consideration. Besides 1 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Brick Apartment Building with Five Units
    Brick Apartment Building with Five Units

    209 S CENTRAL AVE, Casey, IL 62420

    Contact for pricing
    3,948 sqft

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

    View details
    9-Unit Brick Apartment Building
    9-Unit Brick Apartment Building

    107-14 N Central Ave, Casey, IL 62420

    $179,900

    Converted office improvements now accommodate a varied residential unit configuration in a brick building.

    View details
    22-Site Mobile Home Community
    22-Site Mobile Home Community

    617 W State St, Charleston, IL 61920

    Contact for pricing

    Community includes double-wide homes, vacant sites, and connections to all public utilities.

    View details
    Student Housing Community Opportunity
    Student Housing Community Opportunity

    965 4th St, Charleston, IL 61920

    Contact for pricing

    Three neighboring student housing communities near Eastern Illinois University.

    View details

    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.

    1020 Wabash Ave
    Multifamily properties

    1020 Wabash Ave, Mattoon, IL 61938

    Value Estimation by Request
    0.16 AC lot
    View details
    909 21St St
    Multifamily properties

    909 21St St, Mattoon, IL 61938

    Value Estimation by Request
    17,632 sqft
    View details

    Mattoon, IL Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Mattoon, IL on our real estate platform. These investment opportunities span a total of 14,000 square feet of properties for sale, with an estimated market value of $995,000.

    Sale prices for multifamily properties 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 20K
    Population Growth (5Y) -6.4%
    Median Household Income $54,288
    College Educated 31.1%

    High-Yield Neighborhoods for Investment

    Identify Mattoon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61938 $995K

    Taxes & Financing

    Tax Rate (average for all types) 7.54%
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mattoon fall within the 100,000+ square foot range.

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