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Property profile & analytics
OFF-MARKET
Land

1020 Wabash Ave Mattoon, IL 61938

0.16 ac lot
Property ID
US28-3564577
Property summary
AI-generated overview

This exceptional investment opportunity presents a six-unit multifamily property situated on a 0.16-acre lot at 1020 Wabash Ave, Mattoon, Illinois, 61938. The property comprises two buildings. The north building features two spacious two-bedroom, one-bathroom units, while the south building offers four one-bedroom, one-bathroom units. Each unit currently commands a monthly rent of $500, generating a substantial monthly income stream. All utilities, including water, Ameren (electricity and gas), and trash removal, are included in the rent, minimizing landlord responsibilities and maximizing net operating income. The asking price for this turnkey investment is $130,000. This property is ideally suited for an investor seeking a stable, cash-flowing asset in a desirable location. The property's strong rental history and included utilities make it a low-maintenance, high-return investment. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving market. Don't miss out on this chance to add a valuable asset to your portfolio. Serious inquiries only.

Property profile
Verified
Property type Land
Lot 0.16 ac (6,970 SF)
UPID US28-3564577
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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