Coles County, IL Residential income properties for sale

Updated: Feb 18

Multi-Family and Commercial Investment

4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

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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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Updated: Apr 12

Redevelopment Mobile Home Park

613 Marion Ave, Mattoon, IL 61938

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4.70 AC lot

4.70‑acre redevelopment project in Mattoon, IL, previously licensed as a 42‑pad MHP
32 trailers remain on‑site; 12 will be removed prior to closing and 20 will remain without titles
City of Mattoon indicates it can be redeveloped as a MHP while remaining conforming, despite zoning as R1
Utilities are older, including water, sewer, and electrical; next buyer should assume updates will be needed
On‑site roads are described as average/fair condition

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R-3 Quadplex with Updated Units

1520 Lafayette Avenue, Mattoon, IL 61938

$134,500

Four-unit residential income property with three refreshed units and one month-to-month tenancy.

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Two-Unit Duplex with Garages

4 W Ashmore Street #A, Ashmore, IL 61912

$80,000

Upstairs residential units sit above individual garages, with shared laundry serving both sides.

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Student Housing Community Opportunity

965 4th St, Charleston, IL 61920

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Three neighboring student housing communities near Eastern Illinois University.

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Triplex With Two-Bedroom Units

208 Poplar St, Ashmore, IL 61912

$40,000

Each residence includes a bathroom, laundry room, living area, and kitchen.

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Student Housing Apartment Building

2110 Laker Ave, Mattoon, IL 61938

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

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Apartment Building with 56 Units

117 W Polk Ave, Charleston, IL 61920

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For sale, 56-unit apartment property in Charleston, Illinois.

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Multifamily Apartment Portfolio

1301, 1305, 1307,1309 & 1311 Arthur Ave, Charleston, IL 61920

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Portfolio includes five apartment complexes with 31 total studio and one-bedroom units.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 9 Active listings in Coles County, IL, we suggest exploring several alternatives: similar 3 Off-Market properties to explore as potential leads

Off-Market Properties in Coles County, IL

Consider similar Off-Market properties in Coles County, 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.

Multifamily properties

1020 Wabash Ave, Mattoon, IL 61938

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0.16 AC lot

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Multifamily properties

909 21St St, Mattoon, IL 61938

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17,632 sqft

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Multifamily properties

1103 6Th St, Charleston, IL 61920

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0.30 AC lot

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Coles County, IL Residential Income Properties Market Trends and Statistics

Explore 12 residential income properties for sale in Coles County, IL, showcased through 9 active listings 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 $254,500.

Sale prices for residential income properties in Coles County, IL start at $40,000, averaging $84,833, and reaching up to $134,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.