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    Mattoon, IL
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    Mattoon, IL Multifamily Properties for Sale

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    Charleston, IL Neoga, IL Arcola, IL Sullivan, IL Hindsboro, IL Findlay, IL Shelbyville, IL Tuscola, IL
    Multi-Family and Commercial Investment
    Updated: Feb 18
    Multi-Family and Commercial Investment

    4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

    $750,000
    53,579 sqft
    19‑unit Multi‑Family and Commercial property investment opportunity
    Consistent $135k gross revenue for 3 consecutive years
    New gutters & roof installed on the apartment building in 2024 (excluding the upper level)
    TPO layer on the commercial building (4211)
    Attractive mix of unit types: 11 two‑bed, two‑bath units; 1 one‑bed, one‑bath unit; and 7 studio apartments
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Multifamily Property with Redevelopment Potential
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    $800,000
    16,248 sqft

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    View details
    26-Space Mobile Home Park
    26-Space Mobile Home Park

    3760 E William Street Rd, Decatur, IL 62521

    $545,000

    Mobile home park with income and growth potential.

    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
    Income-Producing Multifamily Property Near EIU
    Income-Producing Multifamily Property Near EIU

    1103 & 1105 6th St., Charleston, IL 61920

    $154,800

    Two income properties near Eastern Illinois University, ideal for rentals.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Residential Lot in Park Hills
    Residential Lot in Park Hills

    226 N Large Street, Park Hills, MO 63601

    Contact for pricing
    0.26 AC lot

    Corner lot suitable for building or mobile home placement.

    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 53,579 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for multifamily properties in Mattoon, IL start at $750,000, averaging $750,000, and reaching up to $750,000 — 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 $750K

    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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