1020 Wabash Ave, Mattoon, IL 61938
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.