Price Reduced Listing
$29,000
 $156 est/mo Sourced by Back At You

2516 Pine Avenue,Mattoon, IL 61938

Mattoon, IL 61938

Share:

PreviousNext

Description

EXPERIENCED INVESTORS - MATTOON, IL | PRICED TO SELL! NEW PRICE OF JUST $29,000 | LOWEST-PRICED PROPERTY IN MATTOON | READY TO SELL Substantial value-add opportunity at an attractive $29,000 acquisition price of only $13.74/SF. This approximately 2,110-square-foot, 1910-built home provides an experienced investor with the opportunity to renovate, reposition, and create value in a spacious property with a flexible layout. The home features 2 bedrooms, 1 bathroom, a full basement with windows, and a generously sized upstairs flex room with a window, providing potential to add a closet and create a third bedroom. The existing layout may also provide potential for additional bedrooms and bathrooms, subject to buyer verification and local requirements. Sold AS-IS. The heavy lifting has already been done. The property is vacant, the eviction process has been completed, and the interior and exterior cleanout is finished, allowing the next owner to move directly into the renovation and repositioning phase. Clean, insurable title is also in place and ready for its new owner. Potential exit strategies include renovation and resale, rental, or long-term investment, depending on the buyer's objectives and renovation plan. Now priced at just $29,000 and ready for its next owner. An attractive entry point for an investor seeking a value-add opportunity in Mattoon, with a new price of just $29,000 and the heavy lifting already completed.

Details

MLS #12585954
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1907
Days On Site198
Listing Provided ByBeycome Brokerage Realty LLC | Misael Chacon

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet2,110
BasementY
Story(s)1
Acreage0.07

Interior

Rooms Total6
CoolingCentral Air
HeatingNatural Gas

Exterior

RoofShake
Foundation DetailsOther
Construction MaterialsFrame

Utilities

SewerUnknown

Taxes

Tax Year2024
Tax Annual Amount1543

Area Information

StateIL
CountyColes
CityMattoon
Zip Code61938
AreaConfidential Commercial Listings
Listing VS Median (in 61938)
Price:
$29,000
low | high
Med:
$179,900
100% of Average
sqft:
2,110
low | high
Med:
1,596
74.36018957346% of Average
$ / sqft:
$14
low | high
Med:
$113
100% of Average
On site:
198
low | high
Med:
23
100% of Average
Sourced by Back At You

Market Activity 61938

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Daniel & Associates Real Estate at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.

Contact

Learn More About This Property

Danielle Luchtenburg

Danielle Luchtenburg

Daniel and Associates Real Estate

475127687 (630) 677-6312danielle@daare.com
StateIL
CountyColes
CityMattoon
Zip Code61938
AreaConfidential Commercial Listings
Listing VS Median (in 61938)
Price:
$29,000
low | high
Med:
$179,900
100% of Average
sqft:
2,110
low | high
Med:
1,596
74.36018957346% of Average
$ / sqft:
$14
low | high
Med:
$113
100% of Average
On site:
198
low | high
Med:
23
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $21K - $36K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
404 N 21st Street Property Photo 1
$184,900
404 N 21st Street
Mattoon, IL 61938
Listing Updated: September 19, 2026 at 2:15:39 AM PDT