Mattoon, IL Residential income properties for sale

Updated: Nov 20, 2025

16-Unit Apartment Buildings

1301-1305 Lafayette Avenue, Mattoon, IL 61938

$995,000

14,000 sqft

16‑unit apartment property across 2 buildings
14,000 SF of total property size
Fully leased multifamily asset
R‑3 zoning
Built in 1988

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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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Redevelopment Mobile Home Park

613 Marion Ave, Mattoon, IL 61938

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4.70 AC lot

Redevelopment project with 32 remaining trailers on a 4.70-acre site previously licensed as a 42-pad MHP.

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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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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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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 5 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

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Brick Apartment Building with Five Units

209 S CENTRAL AVE, Casey, IL 62420

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3,948 sqft

Solid brick rental building featuring five large apartments with separate utility metering.

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Five-Unit Apartment Building

209 S Central Avenue, Casey, IL 62420

$139,999

Five-apartment property with separate electric, water, and gas meters for each unit.

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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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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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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.

Multifamily properties

1020 Wabash Ave, Mattoon, IL 61938

Value Estimation by Request

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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Mattoon, IL Residential Income Properties Market Trends and Statistics

Explore 7 residential income properties for sale in Mattoon, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 67,579 square feet of properties for sale, with an estimated market value of $1,129,500.

Sale prices for residential income properties in Mattoon, IL start at $134,500, averaging $564,750, and reaching up to $995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.