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    Mattoon, IL
    Residential Income

    Mattoon, IL Residential Income Properties for Sale

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    Charleston, IL Neoga, IL Arcola, 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.

    Mixed-Use Downtown Brick Building
    Mixed-Use Downtown Brick Building

    110 E Main Street, Arcola, IL 61910

    $60,000
    0.05 AC lot

    Own a mixed-use property with flexible street-level business space and a tenant-occupied 2-bedroom apartment.

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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    110 E Main Street, Arcola, IL 61910

    $60,000
    3,780 sqft

    Street-level commercial space with an income-producing upstairs 2-bedroom apartment under one roof.

    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.

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    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.

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    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.

    Development Land with Mixed Tillable Areas
    Development Land with Mixed Tillable Areas

    East St, Oreana, IL 62554

    $816,000
    27.20 AC lot

    27.2-acre parcel offers largely tillable ground with some wooded areas for flexible residential development or homesites.

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    Robinson, IL Vacant Double Lot
    Robinson, IL Vacant Double Lot

    814 N Robb St., Robinson, IL 62454

    Contact for pricing
    0.25 AC lot

    Vacant double lot suitable for duplex or apartment construction.

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    Agricultural Land with Development Potential
    Agricultural Land with Development Potential

    Arbor Dr, Decatur, IL 62526

    $1,838,700
    61.29 AC lot

    A 61-acre contiguous tract currently used as farmland, positioned for potential future residential or multi-family projects.

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    Greencroft Homesite Near Country Club
    Greencroft Homesite Near Country Club

    21 Greencroft Drive, Champaign, IL 61821

    $375,000
    0.54 AC lot

    Luxury homesite in established community near Champaign Country Club.

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    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 Residential Income Properties Market Trends and Statistics

    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

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 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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