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    Mattoon, IL
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    Mattoon, IL Residential Income Properties for Sale

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    Charleston, IL Neoga, IL Arcola, IL
    Multi-Family and Commercial Investment
    $750,000
    53,579 SF

    Multi-Family and Commercial Investment

    4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

    19-unit multi-family and commercial property with consistent gross revenue.

    • 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
    Updated: Feb 18
    View details
    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
    $800,000
    16,248 SF

    Multifamily Property with Redevelopment Potential

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

    417-461 W Wood St, Decatur, IL 62522
    View details
    22-Space Mobile Home Community
    $795,000

    22-Space Mobile Home Community

    Mobile home community in college town with public utilities.

    617 W State St, Charleston, IL 61920
    View details
    RETAIL
    $675,000
    11,884 SF

    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL
    View details
    Student Housing Community Opportunity
    Contact for pricing

    Student Housing Community Opportunity

    Three neighboring student housing communities near Eastern Illinois University.

    965 4th St, Charleston, IL 61920
    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.

    Tuscola Land For Sale
    Contact for pricing

    Tuscola Land For Sale

    Corner lot near downtown, suitable for commercial or residential use.

    206 S Washington Street, Tuscola, IL 61953
    View details
    Oreana Development Land For Sale
    $816,000
    27.20 Acres

    Oreana Development Land For Sale

    27.2 acres of development land in Oreana, Illinois.

    0 East St, Oreana, IL 62554
    View details
    Robinson, IL Vacant Double Lot
    Contact for pricing
    0.25 Acres

    Robinson, IL Vacant Double Lot

    Vacant double lot suitable for duplex or apartment construction.

    814 N. Robb St., Robinson, IL 62454
    View details
    Development Land on Arbor Drive
    $1,838,700
    61.29 Acres

    Development Land on Arbor Drive

    61.29 acres of land ideal for residential development.

    0 Arbor Dr, Decatur, IL 62526
    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

    1020 Wabash Ave

    Multifamily properties • 0.16 Acres
    Value Estimation by Request
    1020 Wabash Ave, Mattoon, IL 61938
    View details
    909 21St St

    909 21St St

    Multifamily properties • 17,632 SF
    Value Estimation by Request
    909 21St St, Mattoon, IL 61938
    View details

    Mattoon, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 3 residential income 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 residential income 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

    Apartment buildings 1
    Multifamily properties 1

    Property Size Breakdown

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

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Mattoon submarkets with the highest inventory density on the market and evaluate the median 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%

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